Do you know which of your products are profitable? Could some of your products tolerate a price increase? Should some be dropped altogether? This product is about understanding how your product portfolio and/or pricing could be adjusted to improve the overall profitability of your business. An experienced Adviser will carry out an analysis of your product portfolio, review materials and labour costing and evaluate the sales price and perceived value. This product includes a complimentary copy of the SkillsforSale booklet “The Pricing Dilemma for Business Owners” An experienced Business Adviser will:-
Work with you to carry out a Boston Matrix analysis of your product portfolio.
Review the overall costs of producing, servicing and marketing the products in your portfolio.
Identify the overall unit cost and gross margin of up to 6 products.
Carry out desk top research into price, sensitivity of price, perceived value of product and competitor approaches to pricing.
Produce a Summary Report.
An improved understanding of which products are profitable and which are less so.
An improved understanding of where price rises could be applied.
An improved understanding of where to prices and/or discount to improve sales volume/margin.
Feel confident to make price changes to improve overall profitability.
Upon completion, additional optional coaching sessions by skype, telephone or face to face are available. If this product does not quite meet your needs, please enquire about our Bespoke service. Tel. 01373 800888.