Submitted by CJBryan on 19 August 2008 - 6:24pm.
Pricing is the bane of most small businesses. It is a balancing act between not undervaluing your services on the one hand and not driving away potential customers on the other. However pricing can be a powerful way of attracting the right sort of customer, for example a £40 Swatch will tell you the time as well as a £3,000 Rolex but the aspirations, attitudes and interests of the wearers might be markedly different. As part of your marketing analysis you will have gone through the P's of Product, Placement and Pricing and identified the segment you are trying to reach.
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