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7 Overhead Costs to Consider When Pricing Your Products

Overhead cost is a term referring to an operating cost of a business that isn’t directly related to the materials or labor needed to create an item. Overhead costs are generally seen as fixed expenses, and these costs will still exist, whether or not an item is created or sold. Unfortunately, overhead costs are something [...]

Overhead cost is a term referring to an operating cost of a business that isn’t directly related to the materials or labor needed to create an item. Overhead costs are generally seen as fixed expenses, and these costs will still exist, whether or not an item is created or sold. Unfortunately, overhead costs are something many sellers neglect to include when pricing their products. When you forget to take your overhead costs into consideration, then you may just find them eating up your profits later on. Here are some of the more easily identifiable overhead costs you should pay attention to:

1) Rent

You may feel that your business is rent-free if you are working from home, but that shouldn’t always be the case. You are using a specific portion of your living space, and so your business should pay for a specific percentage of your monthly rent.

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