Comments on: My Basic Definition of Business Ethics http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/ Wed, 08 Feb 2012 13:56:31 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Fred Reeve http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/comment-page-1/#comment-17638 Fred Reeve Fri, 08 Jul 2011 16:35:05 +0000 http://www.marketersmojo.com/?p=3232#comment-17638 Ethics in pricing is this: You have to recoup your costs and make a profit (unless you are a 501c3) or you're not in business. There are formulae that will tell you how much to charge for your product and even if it is intellectual you still need to charge as if you made something. Or ask people who are in business (making something or reselling other products) and they will give you an idea ( tell them up front why you are asking) of what to charge. I am taking a Business Administration course at the local community college and I just learned there is an art to fixing prices on items even if they are imported ( what isn't?). If you price something too cheap people won't buy because they will think it is made too cheap. Plus you have to look at where you are physically located ( income of area) and take that into consideration because the higher the income the more they will be willing to pay. The bottom line is don't sell yourself short! Ethics in pricing is this: You have to recoup your costs and make a profit (unless you are a 501c3) or you’re not in business. There are formulae that will tell you how much to charge for your product and even if it is intellectual you still need to charge as if you made something. Or ask people who are in business (making something or reselling other products) and they will give you an idea ( tell them up front why you are asking) of what to charge. I am taking a Business Administration course at the local community college and I just learned there is an art to fixing prices on items even if they are imported ( what isn’t?).
If you price something too cheap people won’t buy because they will think it is made too cheap. Plus you have to look at where you are physically located ( income of area) and take that into consideration because the higher the income the more they will be willing to pay. The bottom line is don’t sell yourself short!

]]> By: Fred Reeve http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/comment-page-1/#comment-17637 Fred Reeve Fri, 08 Jul 2011 16:25:02 +0000 http://www.marketersmojo.com/?p=3232#comment-17637 What is outrageous? You have to look at whoever is selling the e-book had to buy it (perhaps hardcover and then scan it and format it to MP3 or whatever) or they are reselling under license in which case it is now your choice of convenience, i.e. do you want it for your kindle or would you rather have a physical copy that is only available to you at home? Most books if you look around and are willing to wait for 6 months will come down to reasonable levels regardless of format. What is outrageous? You have to look at whoever is selling the e-book had to buy it (perhaps hardcover and then scan it and format it to MP3 or whatever) or they are reselling under license in which case it is now your choice of convenience, i.e. do you want it for your kindle or would you rather have a physical copy that is only available to you at home? Most books if you look around and are willing to wait for 6 months will come down to reasonable levels regardless of format.

]]> By: Jim http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/comment-page-1/#comment-15573 Jim Tue, 19 Apr 2011 20:42:30 +0000 http://www.marketersmojo.com/?p=3232#comment-15573 Business ethics can cover so many things. In the sense of dealing with businesses, I find there are fewer with ethics today. Too many people just want to make a sale that they don't seem to care about their customers. In the end the person who deals with your business and feels good about it will help your business grow. Business ethics can cover so many things. In the sense of dealing with businesses, I find there are fewer with ethics today. Too many people just want to make a sale that they don’t seem to care about their customers. In the end the person who deals with your business and feels good about it will help your business grow.
Jim´s last [type] ..On The Road to Sturgis part 3 Time to Ride

]]> By: angelawills http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/comment-page-1/#comment-2782 angelawills Thu, 03 Dec 2009 19:03:28 +0000 http://www.marketersmojo.com/?p=3232#comment-2782 I'm not sure I understand your question? Obviously ethics is really a point of view and some people may disagree with a certain price on a product. I'm certainly not an expert on ethics though but I would think if you are pricing your product in a way that will enrich the lives of your customers rather than suck them dry that would be ethical. I'm not sure I understand your question? Obviously ethics is really a point of view and some people may disagree with a certain price on a product. I'm certainly not an expert on ethics though but I would think if you are pricing your product in a way that will enrich the lives of your customers rather than suck them dry that would be ethical.

]]> By: angelawills http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/comment-page-1/#comment-2709 angelawills Thu, 03 Dec 2009 12:03:28 +0000 http://www.marketersmojo.com/?p=3232#comment-2709 I'm not sure I understand your question? Obviously ethics is really a point of view and some people may disagree with a certain price on a product. I'm certainly not an expert on ethics though but I would think if you are pricing your product in a way that will enrich the lives of your customers rather than suck them dry that would be ethical. I'm not sure I understand your question? Obviously ethics is really a point of view and some people may disagree with a certain price on a product. I'm certainly not an expert on ethics though but I would think if you are pricing your product in a way that will enrich the lives of your customers rather than suck them dry that would be ethical.

]]> By: thoa http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/comment-page-1/#comment-2707 thoa Thu, 03 Dec 2009 01:49:06 +0000 http://www.marketersmojo.com/?p=3232#comment-2707 i would like to ask u a question.what is ethics in pricing? i would like to ask u a question.what is ethics in pricing?

]]> By: angelawills http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/comment-page-1/#comment-2526 angelawills Mon, 05 Oct 2009 16:14:38 +0000 http://www.marketersmojo.com/?p=3232#comment-2526 It's a good question Emily. I was driving in my car a while ago and remember someone asking the same thing. It's not like digital versions cost anymore. I guess there could be an argument that since the internet is so new the information is just more valuable. Or it could be that people charge it because people will pay it but that's kind of a cycle.<br><br>You brought up a good point though about ethics and pricing. Is it ethical to charge a market who can't afford it outrageously large prices when about 95% of them will never succeed with the information anyway. <br><br>I certainly don't have all the answers but as an internet marketer I am always looking at what others are doing and making sure I fall into the top 1% in terms of ethics! It's a good question Emily. I was driving in my car a while ago and remember someone asking the same thing. It's not like digital versions cost anymore. I guess there could be an argument that since the internet is so new the information is just more valuable. Or it could be that people charge it because people will pay it but that's kind of a cycle.

You brought up a good point though about ethics and pricing. Is it ethical to charge a market who can't afford it outrageously large prices when about 95% of them will never succeed with the information anyway.

I certainly don't have all the answers but as an internet marketer I am always looking at what others are doing and making sure I fall into the top 1% in terms of ethics!

]]> By: Emily http://www.marketersmojo.com/3232/basic-definition-of-business-ethics/comment-page-1/#comment-2525 Emily Mon, 05 Oct 2009 15:02:01 +0000 http://www.marketersmojo.com/?p=3232#comment-2525 My burning question is, how fair/ethical is it to charge outrageous prices for e-books, when you can get the same or better information for half the price (or more!) at a bookstore? My burning question is, how fair/ethical is it to charge outrageous prices for e-books, when you can get the same or better information for half the price (or more!) at a bookstore?

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