A new website designed to help businesses decide what price to charge for their product or service has launched.
PricingProphets.com uses crowd-sourcing to deliver affordable expert pricing advice, according to Managing Director Jon Manning.
“Our website lets a panel of seasoned pricing professionals provide their expert pricing recommendations without the large price tag,” Manning said.
The price a business charges for its product is one of the most important decisions it will make, Manning said, with pricing to impact the profit and loss statement, the balance sheet as well as a business’ positioning in the market,
“Yet many companies still fall into the trap of using bon voyage, cost-plus pricing… they work out their costs, add on a desired profit margin, and hope for the best.”
PricingProphets.com delivers an alternative means for setting prices, and offers the following benefits:
- Accessibility: Anyone with access to the web can assess the website;
- Affordability: An expert service at a fraction of the price;
- Timely: Projects are typically turned around within 7 days; and
- Egalitarianism: Price setting resources are available to companies of all sizes
According to Manning, for an affordable price, PricingProphets.com delivers expert advice from a panel of pricing experts, who make recommendations as to how much your business should charge for its product/service using value-based pricing.