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Pricing your items as an online store manager can be one of the most difficult tasks you'll ever be asked to complete in the field. Even though pricing isn't often an issue for buyers and they're not simply seeking the lowest priced product However, it's an important element.

In the end, you need to figure out the best proportion of profit per unit and the optimal number of purchases. There are many ways to price your product and aid in this process however the best method is to usually mix at least 2 strategies.

Pricing can be a major factor in whether or not you can break an e-commerce company, so it's vital to spend enough time to get it right. Keep in mind that depending on your overall strategy , you can include other strategies in the mix to increase the profits from each customer and the value they will bring to your business over time.

The method used is using the cost of a product as specified in step 1. (transportation and other variable costs in the equation) and then either simply apply the necessary margin on top of that , or use a simple fixed amount of money that you feel is ideal. The amount you choose to add will be your final price for the product.

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Source: www.ebay.com

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