How can i price my own product that i made my self

millerz · Dec 11, 2019

Hi guys
Many of you adviced me to make my own Shopify store to sell my own product that i make in my workshop . But the problem is the shipping cost in my country is little bit expensive ... Like 20 bucks (5-7 days shipping time ) .
Now my product is like 17cm × 17cm × 7 cm home decoration item ... If i sell it for 20 $ ... The whole price (product + shipping) gonna be 40 bucks ... Di you think that gonna be a good price. ?

MisterF · Dec 11, 2019

You need to look at your competitors and spend time evaluating their products and prices.

If there is a similar product which costs $25 and $5 shipping, which will most buyers go for?

Are there other shipping methods open to you?

Is the product possibly fragile? Will you need insurance for that extra level of cover?

Have you checked say Amazon? Would it be better to send say 25 into Amazon and sell FBA?

defi logic · Dec 11, 2019

Where do you live?

I suggest you start selling to the locals first and checking the market response. You've got to know the demand before giving up your profit margin.

millerz · Dec 11, 2019

MisterF said:
You need to look at your competitors and spend time evaluating their products and prices.

If there is a similar product which costs $25 and $5 shipping, which will most buyers go for?

Are there other shipping methods open to you?

Is the product possibly fragile? Will you need insurance for that extra level of cover?

Have you checked say Amazon? Would it be better to send say 25 into Amazon and sell FBA?

This is kinda funny but the prices of shipping methods in my country are the relatively the same and the shipping period differs from one method to an other ... For example
Shipping method N°1 : Cost 18$ (20 to 30 days )
Shipping method N°2 : Cost 20$ (5 to 7 days )

You see so it is better to choose the second one since there is only a difference of 2 dollars .

MisterF · Dec 11, 2019

praer said:
Where do you live?

I suggest you start selling to the locals first and checking the market response. You've got to know the demand before giving up your profit margin.

This would be a good indicator if there is a local market or craft fair or even car boot sale.
Spend $5 or $10 to get a stall for a day and take products there and price them at a price you'd expect to sell for. If they sell a small number, you have an idea as to your price point. If they fly off the shelf in a matter of an hour, you have priced them maybe a little too cheap.
If you sell none, maybe the price is too high.

millerz · Dec 11, 2019

praer said:
Where do you live?

I suggest you start selling to the locals first and checking the market response. You've got to know the demand before giving up your profit margin.

i sell it actually loca

praer said:
Where do you live?

I suggest you start selling to the locals first and checking the market response. You've got to know the demand before giving up your profit margin.

I sell it locally for 25 $ shipping included (5$)

millerz · Dec 11, 2019

MisterF said:
You need to look at your competitors and spend time evaluating their products and prices.

If there is a similar product which costs $25 and $5 shipping, which will most buyers go for?

Are there other shipping methods open to you?

Is the product possibly fragile? Will you need insurance for that extra level of cover?

Have you checked say Amazon? Would it be better to send say 25 into Amazon and sell FBA?

Yes the product is little bit fragile and i think amazon is a good point that i'm gonna try ... Thank you

MisterF · Dec 11, 2019

millerz said:
Yes the product is little bit fragile and i think amazon is a good point that i'm gonna try ... Thank you

Advantage with using FBA is they have the responsibility to get the product to the buyer.
If it gets lost in transit, they still pay you. Same if it gets damaged.
Also you'll get the buy box and people trust Amazon as a seller.

millerz · Dec 11, 2019

MisterF said:
Advantage with using FBA is they have the responsibility to get the product to the buyer.
If it gets lost in transit, they still pay you. Same if it gets damaged.
Also you'll get the buy box and people trust Amazon as a seller.

Seems a good deal ... Have you done it before ?

KHR · Dec 11, 2019

millerz said:
If i sell it for 20 $ ... The whole price (product + shipping) gonna be 40 bucks .

Try Amazon FBA. Hope this will give you a better result.

How can i price my own product that i made my self

millerz

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MisterF

Repeat Selling Out MP - Doxxing - Harass Comps.

defi logic

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millerz

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MisterF

Repeat Selling Out MP - Doxxing - Harass Comps.

millerz

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millerz

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MisterF

Repeat Selling Out MP - Doxxing - Harass Comps.

millerz

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KHR

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