Deciding how to price your product can be difficult. Try pricing your products similar to those of the competition. You can also research Weber’s law and use their strategy or perhaps a simpler strategy of taking the cost of the product divided by the mark up percentage and multiplying by 100. You could also try using the MSRP or even try placing your product by a more expensive one–yours will look like a bargain! These are just a few simple strategies your can use to price your products.
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