Price Leap Discussion.

Discussion in 'Growing and Managing a Business' started by Adam, Jan 17, 2010.

  1. Adam

    Adam
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    Heya.

    I have only done this a few times on some selected items I sell on ebay and have found it to work in my favour and ofcourse I make even more money then I did at the lower price, but what I was wondering whether id be able to do it again on this example product below.

    I originally sold an Paul Frank Iphone Julius Silicone Case for £4.50 and it sold really well, but then I thought "hey I could raise my price abit" and so I raised it to £7.50, see here:
    http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=260526147463#ht_1112wt_1165

    I then compare myself to sites such as apple;http://store.apple.com/uk/product/TV757LL/A
    and find that my price is considerably less then them which makes me wonder whether or not I could put my price up even more, but what too?

    I dont want to price them too high incase people dont buy as I do not really want the trouble of lowering the price and them to not sell, id like them to sell pretty much as easily as the last lot did.

    Any thoughts are appreciated with regards to what price I should sell them at,the product description/layout or any other suggestions.

    Thanks
    Adam
     
  2. seanstevens

    seanstevens
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    Adam, you are facing the problem that every small business encounters, what price to sell at?

    It would be easy to keep selling at your original price, but then your profit will always stay the same. It may be worth doing a test and placing some of your items at a higher price for a short period. If they sell then great, if not then you know you can lower them back to the price you know they sell at.
     

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