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

[Stardom22]

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]

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]

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]

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

 

[Shavkat]

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]

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.