"When running a product-based business, profitability should be top of mind."
Creating and operating a product-based business demands a significant amount of courage and drive to bring your product to the market.
Thus, it’s a must that entrepreneurs possess a deep understanding of their intended audience, their competitors, and the industry in which they operate.
It is not easy to build a product-based business. There are several things that you should consider, and a bucket of sweat and tears will be required in order to build it successfully.
So in this episode, we will delve into how we can make our product-based business profitable and on top despite hindrances and challenges!
Keep learning, adapting, and growing your business, and you'll make significant strides towards business success.
Listen to learn about:
04:19 Product-based businesses built on a solid financial foundation
06:00 Things to consider if you have a product-based business
06:20 Setting your prices
08:19 Packaging of the product
09:50 Marketing for your product
11:19 Considering manufacturing cost
12:42 Distribution of your products
15:42 Providing excellent service
17:10 Return policy
Cash Confident Book: https://www.amazon.com/Cash-Confident-Entrepreneurs-Creating-Profitable/dp/1637586361/ref=sr_1_1?keywords=cash+confident+melissa+houston&qid=1684071072&sprefix=%2Caps%2C57&sr=8-1
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