Wednesday, October 7, 2009

Price Accordingly

The economy has hit everyone in different ways. People are spending less; companies add services and other tactics are used to make the necessary changes in this time. That is the way of the world right now. This true fact however does not change that you have to be prepared to still pay for quality service.

It is a difference between being reasonable and ridiculous. If a company has a product or service that is unique they can only go so low to cover cost and earn a profit. Companies can decide to price themselves at the bottom of the market that could change the dynamic of the service. It is important to work with clients but do not break the company ethic code.

Each business is established with a direct goal in mind of making a profit. When a company makes adjustment to bend for clients but still give 110% then what?

Pricing and packages can be defined for the lower bracket but that means that some services and products have to be adjusted. McDonalds does not allow negotiations for the value meal. If the order is a 4 piece nugget, small fry and large ice tea there is a price adjustment but the products are different.

In order to continue success the current times can be evaluated but at no time should a company sell themselves short in order to get a client. Prices are put in place to deal with the structure of the entity.

Price fairly
Be Strong
Succeed

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