Week 3
Week 3
◽ This week we discussed cost, price & margins
◽ Formula: Cost + (Cost × Margin) = Price
Make a copy of the google sheets that allows you to track your cost in making your products. You will be adding marketing costs next week.
Use the Formula to figure out the price of your product. Remember to add up ALL of the costs including materials, time & marketing.
Watch the mid week asynchonous video
Before Thursday's class please watch this interview with marketing expert: Carissa Watson