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Business Pricing Stragetics - CPD Certified cover image

Business Pricing Stragetics - CPD Certified
Trendimi

CPD Certified | International Accreditation with ICOES | Multiple Certification Options | Detailed Training

Summary

Price
£19 inc VAT
Study method
Online
Duration
30 hours · Self-paced
Access to content
60 days
Qualification
No formal qualification
CPD
30 CPD hours / points
CPD What's this?
Additional info
  • Tutor is available to students
15 students purchased this course

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Overview

Do you want to start your own business? Or work for yourself? Do you know how much to charge? How to put a value on your products or services?

For many people, one of the most difficult parts of starting up a business is deciding how much to charge consumers for your product or service. The challenge of this comes from the delicate process of avoiding business failure.

To make money on a startup, you need to make enough money to cover the costs of running the business and bring in a surplus, which is your profit. No one starts a business to break even!

Charging too much or too little makes you uncompetitive in the market, and will likely determine whether or not the startup business will fail. Charge too much and your target market may look elsewhere for more cost-effective options. Charge too little and you may lose money. Because of this, choosing an initial price point is a decision that plagues many new business owners.

Course Benefits:

  • CPD Certified and Fully Accredited by the International Council of Online Educational Standards (ICOES)
  • Course access - 60 days - Study at your own pace
  • Access or Course from any device: Laptop, Smartphone, tablets, etc.

CPD

30 CPD hours / points
Accredited by The CPD Certification Service

Course media

Description

This course is designed to lead the student through the best practices for pricing products and services to set an initial market value. In addition, you will learn:

  • How to monitor the market for trends

  • The relationship between costs, profits, and pricing

  • Determining the value of the product or service

  • The differences between pricing products and pricing services

  • Common pricing methods

  • Determine when a price adjustment is necessary

  • Conducting ongoing market research

  • How to monitor the future of the market for the product or service

Course Breakdown:

Module 1: Considerations To Make When Pricing A Product

  • Costs, Profits, and Pricing: How are they Connected?
  • When to Should Set the Price Point
  • When to Review the Price Point
  • Value-Based Pricing
  • The Relationship between Product and Price

Module 2: Pricing Your Product

  • Market Research for Products
  • Cost-Plus Pricing
  • Demand Pricing
  • Markup Pricing
  • Profit Margin and Future Planning

Module 3: Pricing Your Service

  • Market Research for Services
  • Determining Hourly Rates
  • Determining Contract Rates
  • Perceived Value vs. Profit Margin

Module 4: Making Pricing Adjustments

  • How to Analyze Sales Trends
  • When to Make Adjustments to Price Points (and when not to)
  • Promotions vs. Price Adjustments
  • Increasing Price Graciously

Module 5: Continuing Practices For Price

  • Ongoing Market Research
  • Maintaining a Profit Analysis System
  • Monitoring your Market’s Future

Who is this course for?

This course is ideal for those who:

  • Want to start a business

  • Have already started their business, but feel their pricing is not ideal

  • Are managing or leading a small business

  • Are looking to increase their knowledge of small businesses

  • Everyone who is interested in all aspects of creating and successfully running a small business

This course earns you credits through Continuing Professional Development (CPD). CPD points are accepted and recognised by professional member bodies and academic institutions across the UK.

All learning content is accredited by the International Council for Online Educational Standards (ICOES) whose purpose is to continually improve online educational products and maintain quality assurance.

Requirements

Trendimi courses are designed for anyone with an interest in learning. No formal qualifications are required. Our courses are suitable if you want to learn new skills, start a new career, or if you’re already working in a particular industry and wish to upgrade your talents and enhance your resume.

Career path

Typical job titles and roles in the field of business management include:

  • Administrative Assistant
  • Account Executive
  • Branch Manager
  • Office Clerk
  • File Clerk
  • Administrative Specialist
  • Auditing Clerk
  • Office Manager
  • Quality Control Coordinator

Questions and answers

No questions or answers found containing ''.

Aslam asked:

Hi will I get a certificate stating how many cpd point i earned? Thanks Aslam

Answer:

No, the certificate of completion included with the course does not have that information. You can however request a specific certificate from CPD, free of charge, once you complete your course. Please contact the course provider for more details.

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Legal information

This course is advertised on Reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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