Posted by Megan Moyer
When you are deciding on a price point for your product you have to consider a number of factors. The perceived value of your product could be one of the most important ones; however, that insight isn’t always clear-cut and easily available.
Value is a very personal thing. What you value and what I value can be totally opposite of each other. When it comes to your product, once you’ve accounted for costs, fees, and margins, you still have to understand how your target market measures the value of it before you can recommend a final retail price.