How to Calculate Your Profit After Pricing

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The previous analysis of the company. It is important to know the competitive state to plan in relation to the image of the brand, the usefulness of the service, the quality and the characteristics of the offer with respect to other products or services. The analysis of the competition. It allows to understand the perception of the public and to know what it considers valuable or important. This helps to better define the pricing strategy. List All Activities And Their Costs It is necessary to make a complete list of activities, costs, professionals involved and average time required for the task. In addition, there must be a review period and alignment of the entire team if you want to avoid possible errors or inconsistencies in the list. Regarding the cost calculation, the list of activities and associated costs should include: Workforce cost Here you must calculate the average cost of the hour of work of the professionals involved in the project.

It is necessary to consider not only the fixed monthly salary, but also all the benefits that are contemplated such as transportation, food and vacations, to name a few. Likewise, it is important to map how much time each professional will need to carry out each of the activities that are required of them. Fixed Cost Percentage The monthly fixed cost in recent months must be calculated: rent, building Canada B2B Email List administration, internet and telephone, among other possible expenses. Then, tally the average gross receipts within that period. What follows is a question: how to know what is the percentage of fixed costs within the proposal? Simply by dividing the average fixed cost by the average gross revenue and multiplying by 100. For example: CF This means, in this case, that each service sold must support 12.50% of the agreed price for fixed costs.



Investment in Third Parties The Inbound Marketing service offer may include investments in digital marketing automation tools, paid ads, or hiring freelancers for content production. Therefore, it is important to add these costs in the final budget. Taxes At this stage, it is important to verify the taxes involved in the provision of the services. Analyze Your Market And Establish The Criteria It is convenient to carry out market research to discover what is the ideal niche for your service. Surveys -direct or online-, for example, are very useful in this instance to have more reach . Thus, potential clients will give valuable opinions about how much they are willing to pay for your service. This information opens a panorama regarding the elaborated price scheme and allows nourishing the parameters to determine the prices.