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Setting the Appropriate Price for Your Goods
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[QUOTE="Mika, post: 266816, member: 29399"] Pricing is a very important decision a business owner has to make, if you don’t price your product well, your business might fail. In my opinion, the best pricing tactic is clickbait pricing. Well, it might sound controversial but let me explain. Consider that you are a retailer of T-shirts in various sizes, you offer different baby sizes (baby size, toddler, preadolescent, etc.) as well as adult sizes (small, large, extra large, extra-extra-large, etc.) You charge $10 for a baby-size T-shirt and $40 for an adult-size (XXXL). When you list your product, you should $10 price value. Since the product shows the lowest price, a lot of people will be interested in clicking your product, and even might be tempted to buy for the higher price points. This is a good sales strategy because the price you have decided to display is associated with one of the goods you are offering. [/QUOTE]
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Setting the Appropriate Price for Your Goods
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