The Small Business Big Marketing Podcast with Tim Reid cover image

How to price anything with The Pricing Lady Janene Liston | #603

The Small Business Big Marketing Podcast with Tim Reid

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The Impact of One % Price Change on Profit

There are only four things that affect profit in any business, price, volume, fixed costs in variable costs. That's all you have to work with. A one % change in price had an eight % impact on profit on average for theseiles. And that was much more significant than a one % improvement in each of the other levers.

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