How to optimize pricing for my e-commerce store?
Asked 3 years ago
Hello! I run an online store where I sell organic cosmetics. I have set my prices based on what I have seen competitors do, but recently I am second guessing whether my prices are the best they could be. Does anyone know what the best way would be to go about price optimization for my e-commerce store?
Jolina Regin
Wednesday, November 16, 2022
Conducting a competitor pricing analysis is also one of the ways of determining the pricing of your products. some other methods are dynamic pricing where your prices are flexible and change according to demand and supply. The other method is testing different pricing points to find the best price or demand ratio.
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