- Duration / Course length: 50 Hours Start now
- Accredited by: CPD Certification Service
- Certificates:
- Course delivery: This course is delivered in video format
Course details
ABOUT THIS COURSE
Never undersell your business again! Know how much to charge for your products or services to make a healthy profit.
Do you want to start a business selling a product or service? Have you ever stopped because you didn't know how much to charge?
No one starts a business to break even! Getting the price right is a surefire way of avoiding business failure.
To make money on a startup business, the owner must generate enough revenue to not only cover the costs of running the business but also to bring in a surplus, which is the business's profit.
Charging too much or too little causes the product or service to become uncompetitive in the market, and will likely determine whether or not the startup business will fail.
Charge too much and the target market may seek out more cost-effective options. Charge too little and the business may not be able to net any profits from sales.
Taking our course will enable you to fix a price which is workable and profitable for your business.
WHAT YOU'LL LEARN
- You will learn the best practices for pricing products and services for the purposes of establishing an initial market value.
- In addition, students will learn how to monitor the market for trends, determine when a price adjustment is necessary, and maintain ongoing market research for application to products and services.
- The first module covers initial considerations, such as the relationship between costs, profits, and pricing, determining the value of the product or service, and at what point in the process a price should be determined.
- The next two modules outline common pricing methods and address the differences between pricing products and pricing services.
- There is a separate module for product pricing and one for service pricing.
- Module four teaches the student about price adjustments, including when to use a marketing strategy versus when to adjust price, and how to increase prices graciously.
- The fifth and final module introduces future-minded practices, including how to conduct ongoing market research and monitor the future of the market for the product or service in question.
Who is this course for?
This course is ideal for those who:
- Want to start a business and are looking for more information
- Have already started their business, but feel their pricing is not correctly set
- Manage or lead a small business
- Want to increase their business knowledge and skills
How will it help me?
If you're thinking about starting a business, this course will start you on the path to planning and executing a smart, future-focused price point that will set your business on the path to a workable profit margin.
You will be able to:
- Confidently price the goods or services you offer in your business
- Help other businesses with their pricing strategies
- Share the benefits of your pricing strategy knowledge in a consultancy
- Help friends and family to get the right price for their products or services
Requirements
EventTrix courses are designed for anyone with an interest in learning. No formal qualifications are required. Our courses are suitable if you want to learn new skills, start a new career, or if you're already working in a particular industry and wish to upgrade your talents and enhance your resume.
Certification
To receive certification, you must:
- Complete every page of the course Pass the exams with a minimum score of 55% for each (each module includes a test based on key learning objectives in that study topic)
- If you meet this criteria, your certificate of successful completion will be emailed to you immediately after you finish the course
- You will also have the option to order a hard copy certificate directly from ICOES. () This course is CPD/CE accredited.
Eligibility / Requirements
Courses are designed for anyone with an interest in learning. No formal qualifications are required. Our courses are suitable if you want to learn new skills, start a new career, or if you’re already working in a particular industry and wish to upgrade your talents and enhance your resume.
About EventTrix
EventTrix is a comprehensive learning platform dedicated to the events and hospitality industry. If you want to work or advance in these fields, then you need a specialist who knows the industry inside and out - and that’s exactly what you get with our online training. We’re a team of event managers, chefs, photographers, caterers, wine experts, and party planners who started from the bottom and have seen and done it all. Now we want to share our experiences and insights to prepare the next generation of event and hospitality pros!
We offer practical, results-driven online training designed to get you working in your field immediately after graduation. With our internationally accredited courses, you can get certified in event planning, hotel management, bartending, catering, hospitality, and food and beverage service all from the comfort of your own home. We also provide general business courses that any professional, entrepreneur or small business owner should have under their belt. Whether you’re just starting out, need a boost in your job performance, or are looking to be your own boss, EventTrix training gives you the edge you need to succeed in these competitive industries.
70,000 students are already reaping the rewards of our training - invest in your career and sign up today!
