What is the profitability of price skimming?
Asked 3 years ago
Is price skimming a strategy that is worth trying if my Shopify store is still very new?
Ido Talmor
Monday, March 21, 2022
Price skimming can reap the following benefits:
- Charging high prices at the launch time will generate more Return on Investment (ROI).
- Price skimming helps you create a brand image. A higher price indicates that the product is high quality, attracting status-conscious customers.
- Early adopters will benefit you by promoting and marketing your brand.
Do in-depth research and homework before applying a price skimming strategy for your Shopify store. You must analyze and perceive your customer behavior before setting high prices. Further, consider your cost of production, revenues, consumer trends, and competitors' pricing.
Please follow our Community Guidelines
Related Articles

Top 3 Disadvantages of Manual Bookkeeping in Ecommerce
Brody Hall
February 10, 2023

Setting up Third-Party Carrier Calculated Shipping Rates on Your Shopify Store
Brody Hall
February 10, 2023

Ultimate Guide to Shopify AB Testing With Sample Data
Jameela Ghann
November 8, 2023
Related Posts
Answers
Ashley Stander
How to Find Your Competitor Pricing
Can't find what you're looking for?