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In essence, you must to establish the proper balance of profit-making per unit and the ideal number of purchases. There are a variety of ways to price your products and assist you with the above however the most effective method is usually to mix at least two strategies.
Pricing can make or determine the success or failure of your eCommerce business, so it's important to spend enough time here to get it right. Also, keep in mind that, based on your overall strategy you can incorporate other strategies into the mix to increase the revenue from each customer and the value they will bring to your business over time.
The way to do this is it is as simple as taking the amount of a unit , as defined in step 1 (transportation and other cost variables in the equation) and then adding the preferred margin over that or choose to set a predetermined amount of money you find to be optimal. The total amount will be your final price for the product.
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