How to Determine the Sales Price of Your New Product ?
13m
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From Product Idea to a Thriving Business
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When you want to determine the selling price of your new product, you need to consider the production cost, the competition, and the target market.
There are many factors that influence your final selling price and profitability of your new product.
If you want to have a profitable product you need to carefully calculate the total costs to get from product idea, through, development, manufacturing, shipment and launch.
Let’s dive in how you can determine the selling price of your new product.
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