One simple way to ensure your prices are fair to you (and other artisans) is to look at sellers in your niche. Find 3-5 who are selling items similar to yours and find the average price. This can give you an idea of where your own pricing might fall, but should, in no way, dete...
A high profit margin means you buy items for much cheaper than you sell them online for. But there’s more to sticking an arbitrary figure on your products. Your customer base is heavily influenced by price. Get it right through research and analysis to avoid scaring them away. Learn more...
Price them too high, and no one buys them. Price them too low, and you don’t make enough money. Price them just like every competing product, and you need to find other ways to differentiate yourself. In this article we’re going to look at how to price products from two perspectives...
If you sell online, they can place the order right then, and either get it shipped to their door or come pick it up in-store the next day. Selling online enables customers to engage with you at their convenience. They can shop when they want, pay how they want, and retrieve items ...
Speaking of websites, every online food business needs an eCommerce storefront. This is essential not only for your customers to find you, but to streamline all of the work you’ll be doing as a business owner. Price and Market Your Goods Pricing is one of the most difficult aspects of...
In this model, you would sell a number of items from different brands or makers, curating collections that are unique to your brand. While you aren’t designing and making the items on your own, there is a need for creativity in building a cohesive brand and for usingstorytelling,photography...
Price Comparison Tools Payment Methods for Additional Savings The Top Three Tips for Saving Online Shopping online is convenient, and it’s a great way to find the best possible price before making a purchase. Retailers know the competition is heavy online, which means they’re eager to make ...
Contrary to popular belief, retailers pay a lot of attention to product descriptions and images. This helps them get a better idea of the items before they make a bulk purchase. If you want to make a solid impression on buyers, make sure to take high-quality images of your products. This...
It’s easy to determine a product’s variable baseline cost if you purchase inventory. But, if you make it yourself, your product’s cost is the price of bulk materials divided by the number of items produced. Next, look at hourly or daily wage, and divide that by the number of items...
In many instances, these are unique, one-of-a-kind or handmade products, making them some of the most popular items bought online. Niche products are often made in small batch runs or on demand. Think of a unique beaded necklace, a collectible antique, handmade frozen yogurt, or a leather...