How to Pick a Price for Your Product by Amazon Product Manager
The Product Podcast
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Why Pricing Is Important?
If you can increase your pricing by 1% or your price by 1%, the average net profit growth you see 11%. Only 6% increases the scene if you improve your cost or cost of goods sold. If you work really hard towards making your processes efficient and everything, you'll see an average 4% increase in your net profit margin. So that's why pricing is important. Just not for so it talks about a top line, but it translates into a very effective, very huge bottom line growth.
Play episode from 02:30
Transcript
