Price optimization is a crucial strategy for small businesses looking to maximize profits. To get started, businesses should analyze their market and competition to determine the right price point for their products or services. It’s also important to consider factors such as production costs, overhead, and desired profit margins when setting prices. If you are interested in learning even more tips about how to start the price optimization process, check out the resource below.
Infographic created by Clover, a POS system company
