setting prices

Amazon 104 – Amazon Pricing: Setting Appropriate Prices

Determining the right price for your item on Amazon can be tough and there are a number of things to consider. This article walks through two methods that you can use for finding the elusive pricing sweet spot where customers will pay it and you’ll still be profitable. Pricing is all about trial and error, so we recommend using both of them together and seeing what works best for you and your business. Method 1 – “Bottom-Up” When you look at your Amazon pricing from a “bottom-up” perspective, you’ll take all of your costs into account, determine the margin you want to make, and set a price that way. 1. Start With Your Raw Materials Keep track of what materials you use to make your…