
Your Progress

Pricing That Pays Off
Make Money Without Losing Customers
Hey, youâve made it to the pricing part! This is where you figure out how to charge enough to cash in but still keep folks coming back. Weâre going to break it down into bite-sized pieces so you can set prices that work for your business and feel right for your buyers.
Pricing 101
No magic formula fits every marketâcosts change, and customers donât all want the same thing. But a few handy tips can steer you toward prices that bring in the dough. Weâll show you:
- How to tally up what youâre spending.
- Why some items make more than others (and how to balance it).
- Tricks to pull in shoppers with your prices.
Step 1: Add Up Your Costs
You canât guess hereâknowing what you paid is the starting line. Do this:
- Total up the whole load, shipping included.
- Split that number by how many pieces youâve got.
- Thatâs what each one costs you. Now youâve got a base to build your prices on.
Step 2: Play Highs and Lows
Some appliances will rake it in, others wonâtâand thatâs no big deal. Mix it up like this:
- Cash Cows: Big-ticket stuff like fridges that pad your wallet.
- Crowd-Pleasers: Cheap washers or dryers that get people through the door, teeing up bigger buys.
- Heads-Up: Toss out a bargain to hook them, then point them at the good stuff.
Step 3: Beat the Sticker Shock
People hunt for deals. Knock 20â30% off what stores usually chargeâespecially for scratched-up or fixed-up units. Theyâll think theyâre winning, and youâre still banking plenty.
Step 4: Stretch the Whole Haul
A few duds wonât sink you if the rest shines. Set prices to pull 60â100% profit across the load. The trick? Donât sweat the small lossesâeye the big win.
Step 5: Match Your Crowd
Your town isnât like the next one over. Peek at what nearby sellers do and whoâs buying. Some NEU folks even charge near full price by playing the âlocal trustâ card.
Quick Ideas:
- Scope out the competitionâs tags.
- Talk up why local beats onlineâfast help, no waiting.
- Throw a sale now and then to grab newbies.
Why This Counts
Pricing isnât just mathâitâs how you keep the lights on. Nail this, and youâll:
- Reel in more shoppers.
- Clear out stock quick.
- Stack up cash.
Onward and Upward!
Youâre getting the hang of pricing now. Next stop: âCost of Acquisitionââitâs about buying smarter to save more.
Click below to roll on!
Your Progress
