How do you calculate dynamic pricing?

Use the following methods to calculate your dynamic price for each product:

1. Cost-plus Pricing: Apply the desired margin to create a selling price.
2. Competitor-based Pricing: Prices are set based on the competition. For example, you may aim to undercut a particular rival.
3. Value-based Pricing: It is a dynamic pricing method that envisions demand principles and adds to extra sales and overall profit. The worth of a product can be calculated by the customer's willingness to pay.

If you aren't sure which method to utilize, let an optimized pricing app do the work for you.