What is the main factor do you consider when setting the selling prices?

Stardom22 · Apr 16, 2024

For me l would consider the cost of the production or the business operations. After having a balance on those factors l would arrive at the selling prices.

SHAHID987 · Apr 16, 2024

Particularly when I sell something prepared at home like some sweets then I do it's costing, and then consider how much labour cost used there and then fuel cost and finally my profit margin.

Cam · Apr 16, 2024

I’d say the main factor is profitability. You have to find that sweet spot where you’re able to sell a product at the right price while also covering all of your costs. There needs to be enough profit for it to be sustainable and worthwhile in the long run.

Ratine · Apr 16, 2024

In most cases, the selling price of the products on your business depends on the prices for the competitors.

Shavkat · Apr 16, 2024

I will consider the total cost of the products and the prices of the competitors. In this way, I can have the idea how much the pricing of these things should be offered in the market.

timewo · Apr 22, 2024

For domains, I consider the market price and whether I am likely to use the domain in future. At present it is very difficult to sell advertising, so I am letting several domains drop.

Bisolami · May 7, 2024

Stardom22 said:
For me l would consider the cost of the production or the business operations. After having a balance on those factors l would arrive at the selling prices.

That’s exactly what I do. If I transported it with bus or something, I always make sure that I include the money too so that I won’t lose when I begin to sell

bestwriter · May 21, 2024

I would work around all factors and see that I earn a profit margin of atleast 20 percent

What is the main factor do you consider when setting the selling prices?

Stardom22

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SHAHID987

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Cam

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Ratine

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Shavkat

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timewo

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Bisolami

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bestwriter

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