Pricing & Profit Strategies: "How to Price Your Products for Success

Duration: 1 Hour (Virtual)

Class Description:
This class will help you understand how to price your fashion products effectively to ensure profitability while remaining competitive in the market. Gain insights into cost analysis, competitor pricing, and value-based pricing strategies.

What You’ll Learn:

• How to calculate production costs, including materials, labor, and overhead.
• Different pricing strategies: Cost-plus pricing, value-based pricing, and competitive pricing.
• Understanding profit margins and break-even points.
• How to adjust pricing based on market trends and customer feedback.

What’s Included:

• A pricing calculator template to help you set your prices effectively.
• A guide on common pricing mistakes to avoid.