As a sales and marketing person how to fix a price for your product

Question

Accepted Answer

To fix a price for a product as a sales and marketing person, consider factors such as production costs, competition, target market, and value proposition.

Analyze production costs, including raw materials, labor, and overhead expenses.
Research the market and competitors to understand pricing trends and positioning.
Identify the target market and their willingness to pay for the product.
Consider the value proposition and unique selling points of the product.
Determine the desired profit margin and pricing strategy.
Test different price points through market research or pilot programs.
Regularly review and adjust the pricing strategy based on market dynamics.

Accepted Answer

Be goal ready,include all cost efficiently, let your customer decide,keep all cost flexible and some other things also

Accepted Answer

This is printing stickers. So it must be showing brand any base product. First we know the base product price and in that maximum 8% only packaging cost. For our product only printed sticker, it must be maximum 3% on base product price.

As a sales and marketing person how to fix a price for your product

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