A Mom Entrepreneur's thoughts on: #7 of 53 things to keep in mind if you want to become a better entrepreneur

Continuation of a series: I'm currently sharing my thoughts on a great blog post: "53 things to keep in mind if you want to become a better entrepreneur." by Neil Patel. His blog Quick Sprout is a must read. The original list is here: http://www.quicksprout.com/2009/08/07/51-ways-to-become-a-better-entrepreneur/

"7. Don’t get too greedy… pigs get fat and hogs get slaughtered. "


Not sure what to make of this rule. It seems there could be many interpretations. For myself, I’m going to think that I should go for it on my pricing but not too pricey. My husband is good at this. When he puts prices on his antiques he looks at several factors.

1. What is the price for the same or similar items, in the same market.

2. Undercut them but not by too much.

3. Be willing to negotiate. Americans don’t do this much, that’s why they get in trouble at when car shopping but, get into the habit.

4. Don’t get emotional or take it personally – be willing to do something or part with something for less – just don’t lose your shirt!

5. Remember your market and venue. My husband sells on craigslist. If he put his merchandise in a retail store, it would have a higher price but, on craigslist the prices HAVE to be lower.

Look at your services and merchandise -- Make sure you are competitive so that they aren’t going to another place to buy!