Finding Prices
Product and service prices can be challenging to find. You can search for and compare product prices using web search engines:
- Average retail prices for food and other selected itemsStatistics Canada collects average prices for selected food, household supply and personal care items as part of the regular monthly CPI survey.
- CostsSources for estimating costs of doing business. These may affect how you price your product.
- Passport GMIDPassport GMID provides brand shares and company shares for most industries in Canada that will be helpful in determining the revenue of certain product lines in the market.
Go the Industries tab and select the profiles of either products and services you are interested in and select Country Reports under the Analysis Finder box.
Profit Margin for Industries
- IBISWorld Industry ReportsDatabase with profit margins for industries. Look under the "Competitive Landscape" tab within an industry report; choose "Cost Structure Benchmarks" from the drop-down menu.
- Government of Canada: Financial Performance DataFinancial Performance Data has data at the industry level for sales of goods and services, costs of sales, revenues and expenses for Canadian small to medium sized businesses.
Pricing Strategy
Pricing for Profit by
Many small business owners are trapped by industry pricing and market misconceptions, when they could be compensated for the true value of the product or service being offered. The low price they feel compelled to offer limits their ability to generate profits which, in turn, slows their response to changing customer needs. The good news is that a business can command almost any price it chooses by focusing on the value—not the cost—to the customer. Pricing for Profit shows businesspeople how to break out of the stranglehold of industry pricing and charge more for their wares (regardless of the competition) without alienating their customers. Readers will learn how to: • Quantify the value of their products or services • Distinguish between price buyers and value buyers • Bundle their offerings for competitive advantage and increased customer value • Craft a powerful marketing message that communicates value • Generate more unit sales and close more sales overall, at higher prices • Make more money with less effort Filled with easy-to-use formulas, sample scripts, clear examples, instructive exercises, and more, this accessible and practical guide is a must-read for businesspeople who want to be well-paid for the value they provide.
Call Number: HF5416.5 .F87 2010ISBN: 9780814415177Publication Date: 2009-09-02
How to Price by
Over the past four decades, business and academic economists, operations researchers, marketing scientists, and consulting firms have increased their interest and research on pricing and revenue management. This book introduces the reader to a wide variety of research results on pricing techniques in a unified, systematic way and at varying levels of difficulty. The book contains a large number of exercises and solutions and therefore can serve as a main or supplementary course textbook, as well as a reference guidebook for pricing consultants, managers, industrial engineers, and writers of pricing software applications. Despite a moderate technical orientation, the book is accessible to readers with a limited knowledge in these fields as well as to readers who have had more training in economics.
Call Number: HF5416.5 .S549 2008ISBN: 9780521715645Publication Date: 2008-01-14
Try searching the library catalogue using the subjects: pricing | cost | costs and cost analysis