Carpon
Valued Contributor
Pricing is a very vital part of business and the price at which you sell your items will determine your profit or loss and the kind and number of patronage you will get in your business. The following are things to consider when choosing a price for your business.
✓ First you need to make reference to the amount at which you purchased your stock. This will help you to avoid pricing at amounts less than the actual price of the item or far higher than it.
✓ Next you will find it necessary to go to other shops and find out about the price at which they sell similar items. This will help you know how best to level up either by reducing your own price if it does not affect your profit or adding to it if you see Potential in that.
One thing that is sure is that people will always go for cheaper stores where they get good treatment.
✓ First you need to make reference to the amount at which you purchased your stock. This will help you to avoid pricing at amounts less than the actual price of the item or far higher than it.
✓ Next you will find it necessary to go to other shops and find out about the price at which they sell similar items. This will help you know how best to level up either by reducing your own price if it does not affect your profit or adding to it if you see Potential in that.
One thing that is sure is that people will always go for cheaper stores where they get good treatment.
