Page 7 - Creating a pricing strategy for your start-up business_Neat
P. 7
Competitor price analysis
It's usually not difficult to find out what your competitors charge—
either by visiting their websites or by calling them to ask.
As you begin to gather your competitors' pricing information, it's
good to create a spreadsheet where you can record these details,
together with any helpful notes. For example, some may charge
per hour or part thereof, whereas others may charge in half-hour
or quarter-hour segments. Make a note of all these sorts of
details.
Once you've gathered enough information about how your
competitors charge, you'll have a good idea of the minimum,
maximum, and average prices being charged.
