With this service, you will never undervalue or under-price your products and end up making little to zero profit for your time and expertise. Knowing the exact and true cost of your products is the first step in setting a pricing strategy that will reward you and build a profitable and successful business.
- Accurate Cost Assessment: We delve deep into your business operations to assess all relevant costs associated with your products or services. From raw materials and production expenses to overhead and labor costs, we leave no stone unturned. Our meticulous analysis ensures that you have a comprehensive understanding of your costs.
- Competitor Benchmarking: Our DFY service includes benchmarking against your competitors to identify pricing trends, positioning, and market dynamics. Gain valuable insights to help you make informed pricing decisions.
- Pricing Strategy Development: Based on the cost analysis and competitor benchmarking, we work closely with you to develop a robust pricing strategy. Whether you aim to maximize profitability, penetrate new markets, or differentiate your offerings, our experts will guide you in setting the optimal price points for retail, wholesale for your products or services. We leverage your cost-based pricing and competitor-based pricing to calculate: (a) Retail Price, (b) Wholesale Price, (c) List Price, and (d) Promotional Price
- Value Proposition Alignment: Pricing is not just about cost recovery; it’s also about capturing the perceived value of your offerings. Our DFY service aligns your pricing strategy with your value proposition, ensuring that customers recognize and appreciate the unique benefits your business brings to the table.
- Profitability Analysis: Our DFY service provides a comprehensive profitability analysis, taking into account factors such as volume, margins, and pricing sensitivity. Uncover opportunities to increase your bottom line and optimize your pricing structure.
- Scenario Planning: Market conditions can change rapidly, and your pricing strategy must be adaptable. Our DFY service includes scenario planning to assess the impact of various market scenarios on your pricing model. This helps you make agile decisions and stay ahead of market dynamics.
- Give you a cost calculator and report for your future pricing calculation
- Our cost calculator will/has —
- Been built specifically for any business with the exact cost elements needed to compute your unit cost
- Let you record all your material purchases and easily calculate a price per unit
- Let you track each material that goes into your creation using that simple price/unit to know exactly how much your product costs to make
- Add in all other costs that could be easily ignored – such as packaging, depreciation/amortization estimates on tangible/intangible assets, labour costs, marketing, and selling fees PRE CALCULATED FOR YOU. Just as easy
- Provide room for your profit – add in a flexible cushion to give you wiggle room on your pricing. This covers your investment in your business, those other operating costs plus gives you room to offer a discount to your best customers or accept that wholesale offer
- Factors in commission calculations before determining a “sustainable” selling price
- A fully prepared sample to serve as a guide
- Real time support at the click of a button with the spreadsheet