Top Priority for Product-Based Businesses

She Means Profit

English - May 08, 2023 04:00 - 22 minutes - 15.2 MB - ★★★★★ - 5 ratings
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"When running a product-based business, profitability should be top of mind."

—Melissa Houston

Creating and operating a product-based business demands a significant amount of courage and drive to bring your product to the market.

Thus, it’s a must that entrepreneurs possess a deep understanding of their intended audience, their competitors, and the industry in which they operate.

It is not easy to build a product-based business. There are several things that you should consider, and a bucket of sweat and tears will be required in order to build it successfully.

So in this episode, we will delve into how we can make our product-based business profitable and on top despite hindrances and challenges!

Keep learning, adapting, and growing your business, and you'll make significant strides towards business success.

Listen to learn about:‌

The importance of courage in product-based businessesPrice strategies in product-based businessesEffective marketing plan that is crucial for visibility and successBuilding a strong brand identityEssential of quality controlWhen to consider investing in equipment and manufacturingPrioritizing the profit in your business

Highlights:‌

04:19 Product-based businesses built on a solid financial foundation
06:00 Things to consider if you have a product-based business
06:20 Setting your prices
08:19 Packaging of the product
09:50 Marketing for your product
11:19 Considering manufacturing cost
12:42 Distribution of your products
15:42 Providing excellent service
17:10 Return policy

Cash Confident Book: https://www.amazon.com/Cash-Confident-Entrepreneurs-Creating-Profitable/dp/1637586361/ref=sr_1_1?keywords=cash+confident+melissa+houston&qid=1684071072&sprefix=%2Caps%2C57&sr=8-1

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Links:‌ ‌

Cash Confident Main website Mini-course: The Debt Repayment Calculator Mini-course: Pay Yourself Mini-course: Personal Net Worth Calculator Mini-course: The Ultimate Budget Binder Are You On Track For Millionaire Status Quiz

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