Are you confused about how to price your products? In this tutorial we're going to explain a history of pricing, proven strategies to understand the best way to price your shopify, dropshipping products. Today we will be looking at 3 methods for how to price your ecommerce product. We also gonna learn how to add value to these products and a bit of history on pricing. We'll also go through a workflow for staying out of price wars and boosting your product value so you can charge customers higher prices while still providing quality.
0:48 Method #1 Fixed Cost Pricing
2:06 Method #2 Competitor Research
3:29 Method #3 Value Based Pricing