In this episode, Sydney and Adria delve into the how-to of setting prices for your products or services. They share tips on what to include when developing your pricing, calculating a fair profit margin, and communicating price increases to your customers. Sydney gets vulnerable and shares when she realizes that she has been undercharging for certain products. It's a candid conversation every business owner should tune into!

- Calculating direct and indirect costs

- Understanding market value and perceived value

- Determining a fair profit margin

- Communicating price increases effectively

- Balancing cost considerations with customer expectations

- Discovering the impact of undercharging on profits

- Exploring options for outsourcing and cost reduction

- Realizing the value of time in determining prices

- Discussing strategies for finding more affordable materials

- Highlighting the importance of knowing your worth in pricing

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Ep. 167: Doctoral Program in Open and Relational Theology