How Much Should Your Charge For Your Product or Service | Ep. #685

<p><span style="font-weight: 400;">In episode #685, Eric and Neil discuss pricing. Tune in to hear how you can figure out the right price for your product or service.</span></p> <p><strong>TIME-STAMPED SHOW NOTES:</strong></p> <ul> <li><span style="font-weight: 400;">[00:27] Today’s Topic:</span> <em><span style="font-weight: 400;">How Much Should Your Charge For Your Product or Service</span></em></li> <li><span style="font-weight: 400;">[00:40] How does one settle on pricing for a product?</span></li> <li><span style="font-weight: 400;">[00:48] Neil completely made it up. There was no logic behind his pricing.</span></li> <li><span style="font-weight: 400;">[01:35] If the market for your product is saturated, compare yourself to your competitors.</span></li> <li><span style="font-weight: 400;">[01:55] You can charge the same or more if your product is comparable.</span></li> <li><span style="font-weight: 400;">[02:20] Make sure you are price-matching or charging just under your competitor’s rates.</span></li> <li><span style="font-weight: 400;">[03:35]</span> <a href= "https://www.priceintelligently.com/"><span style= "font-weight: 400;">Price Intelligently</span></a> <span style= "font-weight: 400;">is a great resource.</span></li> <li><span style="font-weight: 400;">[04:00]</span> <a href= "https://twitter.com/patio11"><span style= "font-weight: 400;">@Patio11</span></a> <span style= "font-weight: 400;">is a pricing nerd, who has written great posts about pricing products.</span></li> <li><span style="font-weight: 400;">[04:35] As yourself what price is too expensive and what price is so low it would make you question the quality of the product.</span></li> <li><span style="font-weight: 400;">[05:12]</span> <a href= "https://www.crazyegg.com/"><span style="font-weight: 400;">Crazy Egg</span></a> <span style="font-weight: 400;">has a partner that helps you chart out your rates.</span></li> <li><span style="font-weight: 400;">[05:50] Never take advice blindly, always run A/B tests.</span></li> <li><span style="