Understanding cost based pricing

Many businesses use cost based pricing, or cost plus pricing but what is it?  How does it work, what are its advantages and disadvantagesWhen it comes to pricing your goods or services, there are a few popular strategies that business owners use.  The most well-known is cost-based pricing, where you charge what it costs you to produce or provide the good or service.In this weeks I Hate Numbers podcast I'll focus on cost plus pricing is and how it works.  Furthermore , I will look at the pros and cons of using this strategy for your business.Listen to find out moreDo you need to price your products or services for sale but don't know where to start? Have no fear, our free online pricing calculator is here! With just a few pieces of information, our calculator will help you come up with a fair price for your items. So why not give it a try today? You may be surprised at how easy it is!Conclusion and good to knowDo you need to price your products or services for sale but don't know where to start? Have no fear, our free online pricing calculator is here! With just a few pieces of information, our calculator will help you come up with a fair price for your items. See what mark up and profits are.  So why not give it a try today? You may be surprised at how easy it is!Join my financial planning and story telling community at Numbers Know How If you want 1-2-1 support then I would be happy to help you create a sound financial plan for your company.Are you ready to have an easier and more rewarding relationship with your numbers?  My book, I Hate Numbers helps you get there.I Hate Numbers is an easy, humorous but serious read about running a business.  It also shows you how to have a financially rewarding relationship with your numbers. Furthermore, my book will help with that battle between the ears, that all business owners experience. If you feel like you could use some help in this area, buy my book and let me show you how to get on track for success. Not only will you be able to understand your finances better, but you’ll also learn how to take the stress out of money management. Thanks for reading!Get in touch with us to help make your life easier and stress-free. Contact us if you need help figuring out and sorting your numbers, creating your future financial story plans, your tax, payroll and other accounting and business matters.Getting your Finances in Order is key to a successful business.  Find out more by checking out Numbers Know How