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Pricing your products as an ecommerce store owner is one of the toughest tasks you'll ever undertake as a business. Although pricing is not always an issue for consumers because they're not simply looking to buy the lowest price in the market, it's still an important element.

In essence, you will need discover the optimal percentage of profits per unit and the optimal number of purchases. There are numerous strategies for pricing your items that will enable you to achieve the above however the most effective method is to blend at least two strategies.

Pricing can make or the difference in your ecommerce business which is why it's essential to spend enough time getting it right. Also, don't forget that based on your overall strategy you might want to add additional tactics into the mix to increase the revenue generated from each buyer and their lifetime value

It works through simply taking the cost of a unit as identified in step 1. (transportation and other expenses in the equation) and then either simply include the margin you want over it or by putting in a basic fixed amount of money that you deem optimal. The final amount will be ultimately the price of the product.

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