Pricing Basin
Make sure the price is right…

Remember what you learned in Value Valley about the value of Bob’s orangeade? Before you begin earning money, you need to figure out what the value of your work is for yourself and for other people. If you charge too little, you’ll have plenty of customers, but you won’t earn very much — and you’ll run out of energy and time. But if you charge too much, you may not find any customers willing to pay your price, and you still won’t make any money.

For instance, Malik’s sisters, Rose, Lily, and Iris, earn money by babysitting. Click on the orange arrow to see who earns the most and why.

Rose: $2 x 20 hours = $40
Lily: $8 x 10 hours = $80
Iris: $15 x 2 hours = $30

Each week, Rose earns $40. That may sound pretty good, but after 20 hours of babysitting, she has no free time left over to see friends or even do homework. Iris, whose price is too high for most of her neighbors, only earns $30. At that rate, she doesn’t have much left over to save for college, where she’ll be going next year. Lily earns $80 per week — the most of all three sisters. The price Lily charges is reasonable enough for her to be hired often. Plus, she earns enough spending and saving money, and still has plenty of time for friends and school.