How do I determine a price for my patented billiard product?

By Tim Berry •

Opinions expressed by Entrepreneur contributors are their own.

My product is called The Laser Rack. It incorporates laser technology into a billiard rack to allow for visible confirmation that the rack is perfectly aligned. I have received a lot of positive feedback from pros as well as amateurs. My dilemma is setting the price.
I suggest you do a google search for "pricing is magic" and read through the various articles that come up with that.  You can just click here to go straight to that search.

Tim
Tim Berry

Entrepreneur, Business Planner and Angel Investor

Tim Berry is the chairman of Eugene, Ore.-Palo Alto Software, which produces business-planning software. He founded Bplans.com and wrote The Plan-As-You-Go Business Plan, published by Entrepreneur Press. Berry is also a co-founder of HavePresence.com, a leader in a local angel-investment group and a judge of international business-plan competitions.

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