Advancing Aboriginal Economic Development

Morrgul Business Tips: Pricing Strategies

Date:

8 August 2025

News Categoryย 

  • General Updates

Pricing Strategies: Make Your Work Worth It!

Getting your pricing right is key to running a successful business. You want to stay competitive and profitable. Here are 3 practical tips to help you set smart, sustainable prices:
ย 
โœ… ๐—ž๐—ป๐—ผ๐˜„ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฐ๐—ผ๐˜€๐˜๐˜€: Make sure you understand all the costs involved in delivering your product or service, materials, time, travel, equipment, wages. If you donโ€™t cover your costs, youโ€™re not making money.
โœ… ๐—•๐—ฒ ๐—ฐ๐—น๐—ฒ๐—ฎ๐—ฟ ๐—ผ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐˜ƒ๐—ฎ๐—น๐˜‚๐—ฒ: Donโ€™t undercharge! Think about the skills, quality and reliability you bring. Clients are often willing to pay more for great service, especially in regional and remote areas where options are limited.
โœ… ๐—ฅ๐—ฒ๐˜ƒ๐—ถ๐—ฒ๐˜„ ๐—ฟ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐—ฟ๐—น๐˜†: Costs change, fuel goes up, wages change, suppliers increase prices. Make time every few months to check your pricing is still working for you. This is especially important before tendering or quoting on new work.
ย 
๐Ÿ“ข ๐—ช๐—ฎ๐—ป๐˜ ๐—ต๐—ฒ๐—น๐—ฝ ๐˜„๐—ถ๐˜๐—ต ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ถ๐—ป๐—ด ๐˜†๐—ผ๐˜‚๐—ฟ ๐˜€๐—ฒ๐—ฟ๐˜ƒ๐—ถ๐—ฐ๐—ฒ๐˜€?
Morrgul can support Aboriginal businesses across the Kimberley, Pilbara and Central regions of WA with business mentoring and pricing guidance through our Aboriginal Business Capability Building Services (ABCBS) program, proudly funded by the Department of Finance.

Connect on Facebook

Contact

Awards

Acknowledgment to Country

Morrgul acknowledges the Traditional Custodians of Country, the Aboriginal people of the many lands that we work on and their language groups throughout Western Australia and recognise their continuing connection to the land and waters. We respect their continuing culture and the contribution they make to the life of our regions, and we pay our respects to their Elders past, present and emerging.

© Morrgul Pty Ltd, 2026 (ABN 28 163 168 796)