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In the end, you need to figure out the right level of profit-making per-unit and also the number that is the best for purchases. There are a variety of ways to price your product and aid in this process however the most efficient way is usually to mix at least two strategies.
Pricing can really make or determine the success or failure of your eCommerce business, so you must spend enough time to get it right. Keep in mind that, based on the overall strategy you may add additional strategies to the mix to increase the profit from each customer as well as their lifetime value.
It works that you simply take the cost of the unit that was identified in step 1. (transportation and other costs that are variable including) and then place the amount you would like to profit on top of that or a fixed amount of money that you find to be optimal. The total cost will be ultimately the price of the product.
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