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How to price correctly according to the stage of the company : ecommerce

How to price correctly according to the stage of the company : ecommerce

Hi everybody, I’ve been a member for fairly a while and that is my first submit right here, the truth is that is my first submit in Reddit. I’m making ready to launch my ecommerce and there’s something caught in my head. What is an efficient price mannequin that I ought to comply with for my product and may it change all through the stage of the company? I would like to begin with a low price for the first 6 months after which increase it by perhaps 30% and hold this price for some good years, that is primarily due to get some traction going. Important notes that you simply want to bear in mind:

  1. This is a single product retailer, it’s a fountain pen and I’ll solely promote one mannequin for the first 12 months

  2. This being a single product and a easy PEN, it could rely closely on my branding and on my viewers. This viewers goes to be centered on minimalism, focus and mindfulness, constructed primarily with social media and youtube.

  3. The web site shouldn’t be construct but, however it’s going to be VERY minimalist. The entire thought of the product and the web site is to train FOCUS (and for me, it’s going to facilitate the administration course of so I can hold it as a facet hustle)

  4. Starting price: $39

  5. Final price: $ 49

Any opinions, even when not associated to the price mannequin may be very welcome! Thank you.

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