Find what everyone else is offering and always undercut?
@Chill is on the right track....research the prices of comparable service providers. But if demand is heavy and competition is fierce, then it could lead to a price-war where everyone loses.
If your service is relatively unique, you don't have to worry about competitors but you still want to maximize profit.....create a graph that displays the right mix of customers and price.
The lowest price will attract the most customers....but will challenge your profit margin. (Also remember that extremely low prices can also signal a low-quality product in the minds of certain potential consumers....so don't price too low. You can always offer promos or discounts to help a customer).
The highest price will still attract a minimal amount of customers but allow you to generate revenue equivalent to a high volume/low price strategy.
There is a sweet spot where price and quantity intersect to give you the best possible scenario to maximize profit. (The right prices with the right amount of customers).
You probably know all of this already but if you need a consultant....my fees are reasonable....
No
Aight.
why does my life have to be so complicated
That sequence is funny as hell because I'm sure that's exactly how it would go with my pops.
...life just got real