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{TIP #4} CREATE A RETAIL PRICING STRUCTURE

Jul 01, 2020

 

After you have your assortment all laid out, you need to make sure that you also have a pricing structure set up. 

When you are in retail, there is only one source of income: from the products you sell. When you start to set your pricing for your products, you need to make sure that you set up a pricing structure that ensures you will become a profitable business. 

If you underprice your items, you end up hurting your bottom line. You also need to find a balance in your price value relationship. 

If you are reading this and have no idea where to start building a pricing structure, I want to encourage you to leave a comment below! 

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