The Price Is Right - How To Arrive At The Best Price For Your Products
The Price Is Right - How To Arrive At The Best Price For Your ProductsBy Chris Malta & Robin CowieAvoiding Common Mistakes
A trap many E-Biz owners fall into is trying to set their prices by simply adding a percentage or flat amount to an item’s cost — they buy a watch for $20, slap another $20 on the price tag, and pass it along to their customers. The problem with this type of pricing is that your costs aren’t fixed. For example, your wholesale costs for buying and reselling 100