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Are you Charging Enough?

Are you Charging Enough?

| Posted in Finance, Marketing, Business

Because every 1% increase in your selling price boosts your profit by 8 %.

How hard is that to achieve?

Here’s what McKinsey and Company, the international consultancy group, said...

A price rise of 1 percent, generates an 8 percent increase in profit.

Do …..

  • Buyers pressure you to discount - or you risk losing the sale
  • Competitors’ lower prices force you to quote lower
  • Customers demand concessions or extras that steal your profit

It is easy it is to achieve a 5% to 10% increase in your selling price - even in price-pressured market sectors.

According to McKinsey and Company, a 5% increase in selling price can deliver an astonishing 40% increase in your operating profit.

Read the McKinsey and Company report here:

If you want to find out more about increasing your prices without risking a sale why then perhaps you should come along to one of our masterclasses?

Click here for more information.

And yes it really does work

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