Pricing Your Products: The 411

Pricing Your Products: The 411


So first off, what does “the 411″ mean? I remember that little saying from middle school & that was like, so 15 years ago! Whoa, that makes me feel old. Weird.

Pricing Woes

Anyway, pricing products is always a struggle. At least for me it is. You have to consider so many different factors & it varies depending upon what your selling & the value associated with your product. Ugghh!

Well, I just found a little pricing formula that helped me recently so I changed all my prices in my shop & honestly I’m still deciding what I think about it. I’m still getting traffic & some sales, but not as many as I was before. I’m in the process of continuing to evaluate my market & my competitors. Eventually I’ll know if it was a good move or not.

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I recently learned an easy way for me to price my items. I start by deciding how much I want to earn per day. As an example, if I want to earn $500.00 per day, and I can produce 35 items a day, then I would charge about $14.50 per item. My new way of pricing is very easy for me. When I decide I am worth more, then I increase how much I want to earn each day.

So now we know that she has trouble pricing and what to include in our pricing. But we got that from the first few articles. This doesn't tell me anything.


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