How to price a product

How to Price a Product.

This is a common question faced by almost all Internet Marketers and it’s the one question I’m asked the most about.

Here I provide my reference list for pricing a product correctly:

Pricing is not an exact science. What I provide here is a 90% guide to finding the correct price of your product, but there is always a 10% uncertainty that you are slightly overpriced in achieving optimum sales, or underpricing yourself out of maximum profit potential. However if you follow this guide you should be very close to a good price point.

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Branding Myself – ‘Dee Kumar – The Productivity King’

Branding yourself is very important online to stand out from the thousands of other people who are also trying to make it online. It is important to know what it is you actually offer and what makes you different. It gives you a selling focus, makes you easier to remember and can make you sound cool. It’s equally important in the offline world as I discovered today.

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Creating a work life balance

A lof of Freelances are guilty of focusing way to much on the work, and not so well on the balance part of the equation.

I know, I’ve been guilty of it myself in the past. It got to the point where I would:

  • Forget to eat
  • Sleep whenever it fitted into my timetable
  • Feel guilty when ever I was not working
  • feel that any setback was due to me handling things badly.

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1st Weekend Status update

Ok, So it’s the first weekend in my challenge (I started Feb 1st), so now is a good time to recap on the first weeks highs and lows and set some targets for next week.

Highs:

  • I got the blog up and running super fast
  • I moved appartments to a much cheaper one quickly
  • Learnt how great it was to live with guys again (like the good old university days)
  • Having great messages of support via email, from people who truely believe I will do this.

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Clarification on previous post

Ok, had a few questions about the previous post so I wil try and answer here:

  1. Yes, the primary way I will make money this year is on the Internet
  2. Part of the challenge is that I start with a disadvantage, I have no money to survive March.
  3. A successful launch can take at least 30 days to plan, not to mention expenses of design, domain name etc Read the rest of this entry »
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7 Steps to making more money today…

After recieving numerous emails about this post, I compiled a quick Clarification posting here. It should answer any questions raisd by the original posting.

Its important to remember making more money comes in two forms:

  • Spending less
  • Making more

Each of these in turn can be broken down much further:

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Prioritising – How to Prioritise your tasks.

Prioritising is such a difficult task for so many people as we simply do not take a step back and look at what is critically important.

In my challenge there are so many things to do each day, and so much information being thrown at me that I can easily get distracted and end up missing the important work.

The Pareto principle states that 20% of your effort brings 80% of your results. That means that its the 20% that is the most important, and what you should be concentrating on first.

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Status Update #1 – A twist added to the challenge

The Challenge gets a little bit tougher…

Ok, so by now you should know that my challenge is to start from zero, and by using my experience and knowledge create a viable online presence within one year…

oh yeah, just a small case of raising a 7 figure profit as well :)

But that challenge was not hard enough it seems, so my mentorees (my students) asked me to add one more restraint to make my challenge more realistic. I have to do it with no money!

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The Challenge – The purpose of Venture To The Top blog

Venture to the top is a blog I have created to cronicle my adventure in Internet Marketing.

I have been involved with online Marketing for over 10 years, starting way back with the great late Corey Rudl amongst many others.

I’ve also had a successful offline career in video games retail and tournaments, something I am taking very seriously this year.

It was when a few of my mentorees challenged me to become a well known figure on the internet within one year, that this blog came to be born.

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