Wholesale 101
Inventory Pricing Strategies Best for Online Sellers: Learning is Earning
Yesterday we discussed the 4 Types of Pricing Strategies. Today we are going to dig deeper so you can decide what is best for you.As mentioned yesterday, there is no "set price" that is best for everyone. NO, you DO NOT need to buy a book about pricing or pay for an online class. These things are a total waste of money because there's so many factors that go into pricing. Let's start by looking at pricing facts:FACTS: 1. You do not need a “set markup”. Not EVERYTHING you
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30th Aug 2020
Inventory Priced Low and Still Not Selling? The Problem with UNDER-PRICED Items
“I have this friggin thing priced at only $5.99 and it’s STILL not selling! What do these buyers expect?! Am I supposed to do, GIVE IT AWAY FOR FREE?!?” If you have found yourself in this position, YOU ARE NOT ALONE! So today we are going to look at why UNDER PRICING could truly be the reason you're losing out on sales!Let’s start by showing you two listings for the same item:Looking at the image above, which hoodie would you rather buy? As a SELLER you may jump at the $2 hoodie, but
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5th Feb 2020