Product price is more than material costs, labor costs, and profit margin. What if the cost to manufacture is above what customers are willing to pay? We'll cover 5 plus 3 bonus tips to help manufacturing entrepreneurs determine product viability and price them appropriately!

00:00 Intro: A Mistake That Almost Cost Everything
01:04 Retail Value VS. Cost of Goods
02:15 Product Viability: Can You Make Profit?
03:20 Oprah Effect VS. Low Sales
04:04 Profit Margin for Distributors & Resellers
05:18 Product Availability & Proper Pricing
05:53 Bonus Tip #1: Promotions and Discounts
06:12 Bonus Tip #2: $70 Steak & Customer Emotions
06:28 Bonus Tip #3: Listen to Customers, NOT Family
07:00 Learning From Competitors & Final Thoughts

5 Reasons to Use a Fixture Plate on Your CNC Machine: [ Ссылка ]
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Links for this video

When to Quit Your Day Job
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Oprah Effect Article
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Psychology of Discounts Article
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Xometry
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Reach us / CNC Info:

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Fusion 360 (Purchase, Support, Training): [ Ссылка ]

Online Fusion 360 Training: [ Ссылка ]

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CNC Resources: [ Ссылка ]

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