It's a question that new business owners or hope-to-be business owners have been asking since the beginning of time.
"How do I know what to charge for my product or my service?"
The short answer is this: You Don't Know.
At least, I didn't know when I started my business.
I wasn't sure what my custom dining tables were worth.
But here's the other short answer: The Market Will Tell You Soon Enough.
Let me explain...
So I was getting my hair cut the other day at the barber shop and I was visiting with the barber about his day-to-day life and of course, his business.
I found it really interesting how the barber continued to grow his business, and it should happen the same way for new business owners as well.
Check this out...
When the barber first starts cutting hair, he isn't very well known, he isn't an absolute expert in his craft, so how does he set his pricing?
Why? Because cheap will help get people through the door when they don't know anything else about...