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Things to consider before setting the price of a product
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[QUOTE="Jasmine, post: 256442, member: 49159"] I sell print-on-demand products. I don't have to spend money creating products, but when the product is sold, the print-on-demand marketplace charges money for manufacturing and shipping the product. Before I list the product for sale, the marketplace tells me how much cost I will incur on the product, I will add $2-$5 profit margin when listing the product. If I want I can even set 100 percent profit margin but I will also have to see my competitors' price, I will always have to keep my selling price just below my competitors' price. I also dell digital products. When pricing my product, I consider how much the similar products are selling for and how long I spent on building the product. These days I don't dropship, but when I was doing dropshipping, I used to add $2-$3 per product as my profit margin, by doing so I keep the chances of generating sales alive. [/QUOTE]
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Things to consider before setting the price of a product
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