There is no national database of pricing you have to USA Phone Number List follow. When it comes to pricing, you're in control of everything, so you don't feel like you have to do what others are doing. Yes, the "market" determines if your price is "correct". However, you influence your price perception through the unique value you offer. So , throw away your USA Phone Number List preconceptions about what you have to do and focus on working for you. Know your cost I know what you are thinking now: "Damn, Sean. I'm a marketer, not an accountant." please do not worry. In order for your site to "live and prosper", you need a "hard" understanding of basic math and a little logic to find the cost.
All membership sites share a common annual cost: Credit USA Phone Number List card or PayPal fees Hosting costs Platform cost Time spent on customer service Time spent contributing to the site You should think of your costs as the money you spend to USA Phone Number List carry out your customer's purchases. And these costs are different from the costs. Costs are the money you spend to run your business. The general costs are: Sales and Marketing: Money spent promoting products and services such as affiliate commissions, advertising, content marketing, etc.
R & D: Money spent on building membership sites, developing USA Phone Number List site content, or educating about digital commerce General management: Internet connection, rent, accountant expenses, etc. If you spend money on them, the cost is not the cost . Why is this distinction important? Unless you identify your costs, it makes it very difficult to USA Phone Number List determine your profits. Profit is defined as income minus costs and before paying costs. Also, as a general rule of thumb, membership sites should generate a profit margin of 90% to 75%. In other words, for every $ 100 in revenue you collect, the cost goes from $ 10 to $ 25, and you can make a profit of $ 90 to $ 75 in a single sale.