Product Pricing 101
Going to retail too early- This one is tricky for firms that need to manufacture products. It’s always best to wait and analyze consumers completely before you jump into retail.
‘The first thing you have to understand is the selling price is a function of your ability to sell and nothing else. What’s the difference between an $8,000 Rolex and a $40 Seiko watch? The Seiko is a better time piece. It’s far more accurate. The difference is your ability to sell’.
Source: FounderCEO Feeds