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Nine Factors to Consider When Determining Your Price

Part guesswork, part experience, part number crunching - how ever you look at it, determining your price is a difficult task. Here are nine factors to take into consideration:

1. Your Costs

2. Your Profit

3. Market Demand

4. Industry Standards

5. Skill level

6. Experience

7. Your Business Strategy

8. Your Service

9. Who is Your Client

Give it lots of thought
The more you think about your reasoning behind your price, the easier your quoting will become. Like all these things there is a large amount of trial and error and often you will find yourself constantly changing up your pricing and gauging the ratio of jobs lost to jobs won.