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Pricing your products as an ecommerce store owner is one of the most difficult tasks you'll ever undertake for your company. Though pricing isn't usually a deal breaker for consumers, as often they are not simply looking to buy the lowest priced product however it's a vital part of the equation.

It is essential discover the optimal quantity of profit you can make per unit and the most effective number of purchases. There are numerous strategies to market your products and enable you to achieve the above however the best method is to usually mix at least 2 strategies.

Pricing can really make or break your ecommerce business, consequently it's imperative to devote enough time on this to get it right. Don't forget that depending on your overall strategy , you might want to add additional tactics into the mix to increase the profit from each customer and the value they will bring to your business over time.

The method for working is it is as simple as taking the amount of a product as specified in step 1. (transportation and other costs that are variable as well as other variable costs) and then either simply add the desired margin on top of that or a simple fixed amount of money you believe to be the most optimal. The total will be that final price of the item.

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Source: www.lyst.com

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Source: www.lyst.com

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