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The Art of Pricing Your ProductsThis is a thread in the General Retail Discussion forums.hi all....if you are running a retail biz, i'm pretty sure many of you belong to one of the following: ... |
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![]() Join Date: Feb 2009
Location: The little Red Dot
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![]() hi all....if you are running a retail biz, i'm pretty sure many of you belong to one of the following:
1) you have a shop front or pushcart or even both + an online shop 2) you have an online shop and take part in fairs & bazaars on a regular basis 3) you have an online shop, take part in fairs & bazaars occasionally & having a full time or part time job... 4) you consign your items to shops, you have an online shop and also take part in fairs & bazaars does any one of the above describe you, especially scenario 2, 3 & 4? if yes, i'm really curious to find out how do you price your products at various points? ie for the same item, do you sell at the same price regardless of the rental rates and overheads? e.g. this bazaar A charges just $20 for 2 days and bazaar B charges $300 for 2 days for a booth, do you still sell your items the same price at bazaar A & B? also, if you are just running a blogshop with no or minimal overheads and having a pushcart at the same time, you price your items the same pricing? i'm quite baffled by this because i intend to start a blogshop where the overheads is minimal, i could afford to price my items lower, but next month, i intend to take part in a bazaar that will cost me a few hundreds in rental for 2 days, then i cannot sell my items the same price, if not i would not be able to cover back my costs and earn profits. what should i do? ![]() |
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