What is the best price strategy for a Shopify furniture store?

These are some of the pricing strategies that you can use for your furniture store:

1. The cost-plus pricing strategy is where you base the price on the cost of producing the furniture. Do you markup the furniture based on how much you'd like to profit

2. The high-low pricing strategy is where you sell at a high price but then lower it when it drops in quality or trend. You can lower the price by having discounts, clearance sales, black-Friday sales, and year-end sales.