Comments on: The Price is Right. Or Is It?? http://www.startupnation.com/business-blogs/index.php/2009/11/24/the-price-is-right-or-is-it/ By entrepreneurs. For entrepreneurs. Sat, 26 May 2012 12:06:44 +0000 http://wordpress.org/?v=2.5.1 By: T http://www.startupnation.com/business-blogs/index.php/2009/11/24/the-price-is-right-or-is-it/#comment-146169 T Wed, 09 Mar 2011 23:55:08 +0000 http://www.startupnation.com/blogs/?p=4641#comment-146169 I am a 3rd party wholesaler and am trying to figure out what price to sell my products to local retail stores? I sell the products at trade shows at a 4 times mark-up to the customer equal to my competition. But that same customer could purchase the product from the web for 1/2 the price I sell it to them for. The local retailers could also do that same research...so what would the ideal pricing formula be for my situation? Example: $20 wholesale cost from internet distributor x 2 = internet retail x 2 = local market value I am a 3rd party wholesaler and am trying to figure out what price to sell my products to local retail stores? I sell the products at trade shows at a 4 times mark-up to the customer equal to my competition. But that same customer could purchase the product from the web for 1/2 the price I sell it to them for. The local retailers could also do that same research…so what would the ideal pricing formula be for my situation? Example: $20 wholesale cost from internet distributor x 2 = internet retail x 2 = local market value

]]> By: EAH http://www.startupnation.com/business-blogs/index.php/2009/11/24/the-price-is-right-or-is-it/#comment-35006 EAH Tue, 22 Dec 2009 23:18:58 +0000 http://www.startupnation.com/blogs/?p=4641#comment-35006 Speaking of IS the Price is Right...check this article http://www.ehow.com/how_5736622_win-price-right.html Speaking of IS the Price is Right…check this article
http://www.ehow.com/how_5736622_win-price-right.html

]]> By: PBCDanielle http://www.startupnation.com/business-blogs/index.php/2009/11/24/the-price-is-right-or-is-it/#comment-33969 PBCDanielle Wed, 02 Dec 2009 17:15:23 +0000 http://www.startupnation.com/blogs/?p=4641#comment-33969 This is a great article! Pricing is one of the most important things when you are trying to sell a product. I think that is very important to know your market, know your product, and know your competitor! When pricing your product, you want to price it to sell! I think this article offered many great tips, and it also highlights the importance of when "the price is right" what it can do for your business! This is a great article! Pricing is one of the most important things when you are trying to sell a product. I think that is very important to know your market, know your product, and know your competitor! When pricing your product, you want to price it to sell! I think this article offered many great tips, and it also highlights the importance of when “the price is right” what it can do for your business!

]]> By: Young Entrepreneur Blog http://www.startupnation.com/business-blogs/index.php/2009/11/24/the-price-is-right-or-is-it/#comment-33581 Young Entrepreneur Blog Wed, 25 Nov 2009 22:49:02 +0000 http://www.startupnation.com/blogs/?p=4641#comment-33581 This is good stuff. I also recommend pricing your products with a "7" at the end instead of a "9". You will see this all over sales pages everywhere on the internet. People know that "$99" is really "$100" but they seem to be more willing to jump at a "$97" deal. It sounds cheaper. You lose two bucks per sale but this trick should increase your conversion rates. Cheers, Cody This is good stuff. I also recommend pricing your products with a “7″ at the end instead of a “9″. You will see this all over sales pages everywhere on the internet. People know that “$99″ is really “$100″ but they seem to be more willing to jump at a “$97″ deal. It sounds cheaper. You lose two bucks per sale but this trick should increase your conversion rates.

Cheers,
Cody

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