The Value of Pricing

Pricing is one of the most important aspects of your business. When people think of pricing, they usually think of what they would charge for their product or service. Obviously this is very important and necessary, but something most people don't consider, and something that I've noticed a lot lately, is that people don't display their prices. Customers are more willing to purchase your product if they know what they are being charged. I, for one, hate when something in a grocery store doesn't have a price on it and, instead of asking someone how much it costs, I usually just don't buy the product. Businesses are really costing themselves a lot of revenue by simply not making sure that their products have visible prices. When I have my bakery, I will make sure that my prices are obviously displayed.