Having trouble making a profit? Raise your prices.

Today’s Garden Center posted a short article on how to survive in a slow economy.  Basically, when profits are down, you have to raise your prices in order to survive.  However, product differentiation seems to be the key.  You must have products and/or services that consumers want or need.

The article also references two other articles which I linked to below.

http://money.cnn.com/2008/04/15/smbusiness/set_prices.fsb/index.htm?postversion=2008041610.htm

http://money.cnn.com/2007/09/10/smbusiness/raise_prices.fsb/index.htm?postversion=2007091306

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