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Pricing your products as an ecommerce store manager can be one of the most challenging jobs you'll ever perform in the field. Even though pricing isn't often the sole factor that consumers consider when buying for the most part, since they're not looking to purchase the cheapest product, it's always an important element.

It is essential to determine the ideal ratio of profit-making per unit and the optimum number of purchases. There are numerous strategies for pricing your items that will help you do the above, but the best way is to usually combine at least 2 strategies.

Pricing can really make or you or your business's success, consequently it's imperative to devote enough time on this to get it right. Be aware that based on your overall strategy you could add other strategies into the mix to boost the profit from each customer and the value they will bring to your business over time.

The method used is using the cost of the unit that was identified in step 1. (transportation and other cost variables including) and then add the desired margin over that or choose to set a predetermined amount of money that you think is the best. The total sum will be the final cost of the item.

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