At what point did you realize you were underpricing your products?
I’ve been digging deeper into my numbers lately and realized I was way off on some of my product costs, especially packaging and yield.
Once I actually broke everything down per item, it completely changed how I look at pricing. A few things I thought were profitable really weren’t. I think I was pricing more on what felt right instead of actual numbers.
Curious how others here approached this:
- When did it click for you that your pricing was off?
- What were you missing at first?
- Did you fully cost everything out or just adjust as you went?
Feels like one of those things you don’t really see until you sit down and do the math 🙄
u/flourandfigures — 1 day ago