A constant challenge of running an eCommerce business is figuring out how to price your products. It is very important that you set your prices right.
Your products need to be priced smartly so that they are conducive not only for your profit margins as business owners but also agreeable to the customers.
While you may choose a particular pricing strategy out of many, pricing models effectively are meant to help you arrive at a selling price for your product or service depending on your ultimate business goal.
Here are a few things you can keep in mind when faced with the question of how to price your product.
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Originally published at https://get.store on June 6, 2019.