How To Price Your Products for E-Commerce - Choctaw Nation Small Business Development

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1. What are the diverse ways to approach pricing?*

2. What do you need to take in account for pricing your time and materials?*

3. Selling your product to a consumer is called retail.*

4. If you add up the cost of goods sold and the cost of your time this is?*

5. The formula in the video for pricing wholesale is: Manufacturing costs x 2 to 2.5.*

6. The formula for pricing retail is: Wholesale costs x 2 to 3.*

7. Using a wholesale formula of manufacturing costs X 2, what would your wholesale price be if the item cost you $10 to manufacture?*

8. Buying in larger quantities could get you a lower price.*

9. What can you change as your business changes?*

10. What are some additional considerations when pricing a product?*