Questions

I'm not sure what the best method is to show my prices: if I list my best/most competitor's prices, then I won't have much room to give out any discounts because I would be cutting my margins too thin.

Pricing anything is a little bit of science and art. It really depends on what you are selling. You'll be looking at cost plus or value pricing. If you're selling goods in a highly competitive market, you're stuck with pricing to beat competitors and product differentiation. If you're selling a service or you're lucky to have little competition, you could price based on the value your customer receives.

Any pricing strategy will have to start with an understanding of the market. If you'd like, we can find a time to talk and discuss your product and market.


Answered 4 years ago

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