Welcome back to CNC Business, where Garrett, your host and mentor, continues to guide Kate, a passionate CNC business owner, on her journey to mastering the art of building a successful CNC business. In this fourth episode of our 10-part series, we delve into a crucial aspect of CNC entrepreneurship: pricing your CNC products.
Kate, like many aspiring CNC entrepreneur, initially faced numerous challenges that left her stressed and bewildered. Determined to overcome these hurdles, she reached out to Garrett for guidance. Through this podcast, they aim to share their journey with you and shed light on the fundamental principles of CNC business success.
In this episode, Garrett and Kate explore vital aspects of CNC product pricing. First, they discuss the importance of identifying the right customer base and targeting your sales efforts effectively. Understanding your audience and tailoring your products to meet their needs is key to a thriving CNC business.
Second, they dive into the intricacies of pricing CNC products. Garrett shares his expertise on how to determine the right price point for your creations, not just considering factors like material costs, labor, and market demand. Setting the right prices can make or break your business, and this episode provides valuable insights to help you make informed pricing decisions.
If you missed our previous episodes, you can catch up on the journey of Kate's CNC business education and exploration on Spotify:
Additionally, be sure to explore the resources and expertise provided by IDC Woodcraft, including their YouTube channel here, and connect with them on social media: Facebook, Instagram, and TikTok.
Join us on this episode of CNC Business as we unravel the intricacies of product pricing and customer targeting in the CNC world. Your journey to CNC business excellence continues here!
Don't forget to subscribe to CNC Business for more episodes that demystify the CNC business landscape and guide you toward your entrepreneurial goals.
And for more inspiration, check out Kate's work at Rise and Shine Wood Signs.
