As we all know, it's getting harder to make any kind of profit because of overhead and competition. I know in our business, we have walk-in customers that want us to do certain things for them above and beyond. Like doing a print job for them by getting it off a flash drive or CD. And it's not that simple, they didn't do it right and so they need to have edited. We charge them for the time it takes to do it and finish the print job. Customers expect us to edit the documents and do that typing without charging. Or spend a hour in helping customers find the right furniture, or design an office space and they carry it elsewhere. And they get mad because we charged. But you have to - or sink!
Depends on the scenario, we look for ways to match a client with the best mobile solution that will fit the budget while still giving the value that will exceed the price with out jeopardizing our chances for maximizing profits with in a deal. Hopefully this answer helps shine some light.
I'm not sure what your question is. I suppose you either mark your products up so you make enough product or if you are bartering then you get an equal value in trade.
- Bill
Business from Cumming, GA
Answered on Mar 11th, 2018
There are no favors in business. Time, Knowledge, Experience and Raw Materials all have a cost and thusly at a minimum should be covered, but in order to yield a profit you have to mark all cost up. That being said, it really depends on what you consider a "favor". Staying open a few minutes late to accommodate a customer/client on a rare basis easy "favor"...doing it for every order, (outside the scope of regular) comes at a cost that needs to be reimbursed. The owner of a business dictates the terms not every individual customer. Unless you want to be run ragged and into bankruptcy.
Pretty simple - if these people are friends, then discount them whatever you feel comfortable off your normal markup. If they are just random people, discount less. You need to weigh the cost vs. benefits of any transaction you are discounting. Is there a potential for additional full price transactions or possibly referral business with this request? If so, I have found that keeping your options open and being flexible with your pricing structure allows you to explore potential avenues that might otherwise never be opened.
Price discounts into your price, people want to feel like they won something when negotiating price. So yes they won the right to pay your target price and if they don't ask offer it anyways so you can get repeat business.
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Answers (1-10)
As we all know, it's getting harder to make any kind of profit because of overhead and competition. I know in our business, we have walk-in customers that want us to do certain things for them above and beyond. Like doing a print job for them by getting it off a flash drive or CD. And it's not that simple, they didn't do it right and so they need to have edited. We charge them for the time it takes to do it and finish the print job. Customers expect us to edit the documents and do that typing without charging. Or spend a hour in helping customers find the right furniture, or design an office space and they carry it elsewhere. And they get mad because we charged. But you have to - or sink!
Hold to your pricing. Have sells when it's an appropriate time for your business, that's the favor to your customers.
Hold firm on your pricing. You can discount a little but never so much you do not make or lose money.
I do not do favors with my orders in the way of discounting my products, my time as well as my talent is well worth the price. PERIOD
Depends on the scenario, we look for ways to match a client with the best mobile solution that will fit the budget while still giving the value that will exceed the price with out jeopardizing our chances for maximizing profits with in a deal. Hopefully this answer helps shine some light.
This question does not make sense. If someone ask me for a favor, what does that have to do with my merchandise?
I'm not sure what your question is. I suppose you either mark your products up so you make enough product or if you are bartering then you get an equal value in trade.
- Bill
There are no favors in business. Time, Knowledge, Experience and Raw Materials all have a cost and thusly at a minimum should be covered, but in order to yield a profit you have to mark all cost up. That being said, it really depends on what you consider a "favor". Staying open a few minutes late to accommodate a customer/client on a rare basis easy "favor"...doing it for every order, (outside the scope of regular) comes at a cost that needs to be reimbursed. The owner of a business dictates the terms not every individual customer. Unless you want to be run ragged and into bankruptcy.
Pretty simple - if these people are friends, then discount them whatever you feel comfortable off your normal markup. If they are just random people, discount less. You need to weigh the cost vs. benefits of any transaction you are discounting. Is there a potential for additional full price transactions or possibly referral business with this request? If so, I have found that keeping your options open and being flexible with your pricing structure allows you to explore potential avenues that might otherwise never be opened.
Price discounts into your price, people want to feel like they won something when negotiating price. So yes they won the right to pay your target price and if they don't ask offer it anyways so you can get repeat business.