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pricing
Hi everyone
I am planning to start my own baking business. but I need advice in terms of pricing.
2 Answers
Hi Makhosi
That is great news!
Something I've found really helpful for figuring out things like pricing, is a free online survey tool called SurveyMonkey: https://www.surveymonkey.com/
You can put together a survey in 5 minutes and send it out to your friends/family and other contacts to get input on what people would be willing to pay for various items.
I think doing a bit of market research is a great place to start when figuring out your pricing, as is working out how much it costs to make each item, including things like electricity, petrol and your time. Hopefully some of our other forum members can add other useful tips too.
This website is also really helpful for tips on starting new businesses: http://www.entrepreneurmag.co.za/
Hope the planning goes well and that your business is a great success :)
Beth
I am planning to be an entrepreneur and thinking of starting my own business. Could you offer advice on which kind of business I could venture into.
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