Vendors: How should I price my products?

2020-06-30| CG Wardrobe

Here are some key points that may help in pricing your products.

  • Remember to never sell yourself short. It might be tempting to dramatically lower your prices to increase sales. However, prices that are too low may be perceived as being cheap or low quality and could hurt your brand.
  • Check other marketplaces for similar products.
  • What is the quality of your product compared to others?

Creating bundles/packs of the same type or similar items are a great way to increase sales. For example: 2 pillows $5 or 5 pillows for $10. Individual suit pieces: jacket, pants, or bundle.

Lastly, put yourself in the consumer’s shoes. How much would you value your item and would you buy it?

Categories: Vendors