Posts and articles about Product prices
What is the easiest way to create Shopify barcodes?
Does anyone have experience with creating barcodes for their products on Shopify? If so, can you please get in touch asap!
How to create a price rule using the Multi-Store Sync Power app?
Hi there! I have been bulk editing product prices on my Shopify store using the Shopify platform's bulk editor, however I am looking to start using the Multi-St...
Can you sell below MAP pricing?
Hi, what will happen if I cut below the minimum advertised price? Will it start a price war?
What is the most effective pricing strategy?
Hi, I'm looking for recommendations for which pricing strategy I should use. When it comes to implementing the right strategy for your store, which works the be...
What percentage is keystone mark-up?
Hi, what is keystone mark-up, and how is it calculated? Should I use this pricing strategy for my online store?
What is the formula for calculating marginal cost-plus pricing?
Hi, how do I calculate marginal cost-plus pricing?
How do you overcome competitive pricing?
Hi everyone. I checked out the competitors' pricing today, and their prices are so low that I don't see how it would be possible to put my product prices lower ...
How do you justify value-based pricing?
Hi, I can't seem to wrap my head around value-based pricing. I understand that making a profit is essential. I can't help but wonder how one justifies asking th...
Is price skimming legal?
I can understand why using price skimming could be advantageous, but it also seems a bit unethical. This has me wondering whether it is illegal?
How effective is penetration pricing?
Who here has entered the online shopping world through the penetration method? How successful was it? Do you have to have a big cash flow already, or is it an e...
What makes premium pricing psychological?
I read somewhere on the web that premium pricing is a psychological game. I don't really understand where the psychological part comes in? Also, how does psycho...
Can you calculate bundle pricing in excel?
Hello everyone! WHo here uses excel for the Shopify store calculations? Is it possible to set up a spreadsheet with formulas in excel so that I can easily cal...
How does a dynamic pricing algorithm work?
Hi, does anyone here use dynamic pricing as their strategy and know what determines the pricing for a customer?
Is price tracking the competitor legal?
Is it fair and legal to be tracking my competitors' pricing?
How do you analyze competitors' pricing?
Hi guys I've looked at the prices my competitors are selling at, and I didn't know what to do next. I'm following an online guide on what to do next, but I'm n...
What is an example of a competitive pricing strategy?
Hi, I need to come up with a competitive pricing strategy for my online store, and I'm looking for examples. Thanks in advance.
How do you respond to competitors' price changes?
A Shopify competitor lowered their product prices. This means I must reduce mine too, right? It makes sense that I do, but I also don't want to start a price wa...
When competition increases do prices increase?
Which factors influences prices to increase and decrease in the online market? Is it the competition or the demand?
Will a lack of competition result in lower prices?
Which factor in the market causes product prices to become lower? Is it the lack of competition?
What does it mean when a product is MAP protected?
I found a product that I think will be good in my Shopify store, but it says that it is MAP protected. What does this mean?
What products are best used with price skimming?
Hi guys, are there specific products that work well with particular pricing strategies like price skimming, or can it be any product with any pricing strategy?
How do you adjust prices to maximize your revenue?
I don't know where to begin when it comes to optimizing my product prices. How do you know if it should be going down or up?