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When you're selling something online it's always hard to figure out an exact price of what you should list your items at. It's hard because there is so much competition out there trying to fight for the sales that if you price your items too low you won't make money and if you price it too high you won't make a sale. Getting that sweet spot is what you're targeting and it's not always easy. People selling something they made themselves have it even harder because you can't really compare your brand to something another person made because there are so many variables.
Research Research Research.
Whenever I'm planning on making something I always do research on my competitors prior to diving in. Soon I'll be having another physical product coming out and before I started making them I did my competitor research for around 3 months. You'll need to figure out various things about your competitors as well as your own system.
A few things you need to research
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Cristian
Anyways, I really like you guide Razzy and I agree, research is everything, you can't stay a step in front of your competitors if you don't do a proper research first. XX.8 always seems like a better deal for me, I know how to spot the nines and I immediately think to myself, well this is a marketing technique, I'm not going to fall for it. So basically anything that doesn't contains nines is fine with me. Anyways, I really like you guide Razzy and I agree, research is everything, you can't stay a step in front of your competitors if you don't do a proper research first.
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