How much should I sell these items for?

Discussion in 'Growing and Managing a Business' started by Adam, Nov 19, 2009.

  1. scifi

    scifi
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    Price surely depends on quantity ..Infact this strategy can be employed when you are on a very stiff competition with your customer....Then you can play on volume of the products rather than profit margin per piece of product...

    eg- price of a product is $10
    Profit margin is $4
    Cost of acquiring products (multiple units say x no. )- $100
    So you have to sell atleast 10 product units to reach $100 mark @ $10.
    But if you will reduce your price to say $9, there are chances that you will need more sales to reach that breakeven point...
    But it is also a fact that as price reduces sales go up...so your profits will be based on volume rather than profit margin per unit of product..
     
  2. haiwin

    haiwin
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    do some research of price of your competitors on ebay ,then you will know how much you should sell these products
     
  3. angola

    angola
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    g-phone or ? if can give a full name of the products, we can search them online and compare the price to give you the advices
     
  4. Fergal

    Fergal
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    Welcome to Business Advice Forum angola. Did you read the first post in this thread? It not only names the product but includes pictures of it.
     
  5. flagella08

    flagella08
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    are these products new or second hand? your price must depend on how they cost in your local markets. if you wanna capture customers attention, try offering them in lower prices.
     

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