You have created a lovely soap that is sure to sell, but the question remains: what price should you charge for it? There are a number of factors to consider including the cost of ingredients, shipping, and the labor it took to make it. However, there are some pricing strategies that you can easily implement.
You can charge your soap at premium pricing in order to get the maximum amount of money, which can be profitable but will lower your sales overall. You can also go the other direction and keep your prices lower than other soap shops in order to compete, but that could be costly if you aren’t careful. You could always fit in with the crowd by charging a similar rate as other online soap shops, but you’d have to find a way to stand out in order to draw more customer attention. There are pros and cons to any pricing scenario. For more details on this topic, click here:: 3 Pricing Strategies for Small Business