How do I price my products ?
One of the most common questions that come into mind when in business or planning to start one is, “How do I price my products?” The short answer is marketing. Every day we hear stories of people spending ridiculous sums of money for all kinds of common products or services. People are paying five to six figure for NTFs. (Non-fungible tokens). NFTs can really be anything digital (such as drawings, music, your brain downloaded and turned into an AI), but a lot of the current excitement is around using the tech to sell digital art. The issue here is you can’t touch what you buy. You own something that is one of a kind that doesn’t exist in the real world. Is Java Coffee really worth two times what a regular cup of coffee costs? Or is it just the perception that their marketing has created? And therein lies the message. If you think about it there are hundreds of products and services that you felt were ridiculously priced the first time you heard about t...