This is the audio version of the YouTube broadcast.  If you want to watch the entire video, head to YouTube and check it out: https://youtu.be/QrUNPdTWgnk

Many sellers price their ecommerce products too low.  In this video, you see some of the considerations for pricing – with the most important element to understand your costs.  If you sell services, check out the video on what you should charge for your services: https://youtu.be/9gZ4XgEbz6Q   

If you’re interested in the Print on Demand eCommerce model (which we highly recommend), we put together an entire playlist to walk you through everything you need to know about Print on Demand.  

Check out that playlist here: https://www.youtube.com/watch?v=msM6EnrtgIU&list=PLhXBOWDWTLHCxob-AmS1J42CMRzD2zCdv 

Check out the Business Tips playlist: https://www.youtube.com/watch?v=bRbdkrLLVU0&list=PLhXBOWDWTLHDPMqwFl9cpYDfahDON0-W7   

For the more advanced topic on how to reduce processing fees, check out this video on Paypal and Stripe Alternatives: https://youtu.be/3Yg6qA0i3GA 

Timestamps:

0:00 The Profit Sweet Spot – How to price products in eCommerce 

0:09 What is the profit “sweet spot”? 

2:09 What is “profit”? 

3:58 Traditional Retail eCommerce pricing example 

11:05 Digital Product eCommerce pricing example 

13:58 How do you price your products considering everything mentioned? 

20:38 Recap of Print on Demand (what it is) 

22:40 Pricing Print on Demand Leggings – core concepts 

23:53 Excel Sheet Calculations for Print on Demand Example 

35:03 How do you figure out pricing? – Tips 

39:08 What about people selling cheap stuff – how do I compete with them? 

46:43 Check out the Services pricing video if you offer Services: https://youtu.be/9gZ4XgEbz6Q 

Check the channel for more topics and to see the current Live Q&A time: https://youtube.com/c/littlebizresources