How to Set Competitive Prices for Your Online Products
Set Competitive Prices is one of the most powerful tools you have.If your price is too high, customers will leave.If your price is too low, you’ll lose profit.The trick is to find a sweet spot where you make good profit and customers feel they’re getting great value. Here’s how to set perfect prices for your e-commerce products! 1. Calculate Your Total Cost Before anything, know your total cost: Example: 2. Add Your Desired Profit Margin After knowing your cost, add a margin based on your niche: Example:If your cost is Rs. 500, you can sell at Rs. 1000 to Rs. 1200 easily, depending on product demand and competition. 3. Research Competitor Pricing Always check what similar products are selling for: Tip: You don’t always have to be the cheapest. You can win by offering better service, packaging, or faster delivery. 4. Psychological Pricing Use price numbers that feel smaller to buyers: It sounds silly — but it works!Customers psychologically feel they are spending less. 5. Offer Bundle Deals Increase your average order value by offering bundles: Example: 1 makeup brush set = Rs. 1200, but a bundle of brush + sponge + mirror = Rs. 2500. 6. Factor in Seasonal Pricing Adjust your pricing for special occasions: Offering limited-time discounts creates urgency and boosts sales. Final Words Smart pricing = Higher sales + Good profits.It’s not about being the cheapest — it’s about offering the best value at a fair price! And remember:AAQAF can assist you with product pricing strategies, promotional campaigns, and bundle creation ideas to maximize your store’s profitability — all in a very affordable way.









