How to set the price of a product

Overview

When it comes to setting the price of your goods, there are many factors you have to consider. This is how to actually set the price of a product. This version is adapted for Nexbal with a shorter, practical structure.

Key Takeaways

• This article is part of our pricing series
• Use the cost price to set the price of a product
• Consider how much profit you want

Practical Checklist

1. Define the process and responsibilities before you invoice.
2. Verify customer data, amounts, taxes, and due dates.
3. Use a consistent template and keep documentation in one place.
4. Follow up unpaid invoices with a predictable reminder flow.