There are a multitude of factors that affect profitability and a merchant’s bottom line. Setting the right price for your products is an important step toward achieving that profit. Out of the profit margin comes the cash to cover expenses and the income for you, the owner. In a competitive industry like ecommerce, however, pricing can be a surprisingly troublesome beast.
Christmas is fast approaching, and many retailers are already on the countdown to final product assortment. As a well-organized ecommerce merchant, you’re also looking to jump on the assortment planning bandwagon.