Non-competitive price

[rakib432]

Unreasonably high or low price. This mistake is made by entrepreneurs who want to quickly return their investment and start earning. However, a high price will scare off customers and force them to look for other competitors' sites with a more adequate price. If the product is not unique, this can be done without difficulty. You should not go to the opposite extreme to your own detriment. Too low a price will alert buyers, causing doubts about the quality of the product. It is important to analyze the market for competitors' prices. If the product is somewhat unique (handmade, special materials, etc.), it is necessary to indicate this in the card with its description. The buyer should know what he is paying for - only then will he agree to give more money than expected. Are the site's products exclusive? You will have to try to convince customers of this.



Recommendations:

In general, price is what people come to your site for in whatsapp number data 90% of cases. If you do not have prices on your site, at least "from ...", you should not expect high conversion. People compare, estimate prices, if there are no prices on your site, most likely, you will not be considered as a contender for delivery and will leave your site. If it is not possible to accurately indicate the cost of your product or service, write down what the cost is made up of, ask the client to leave their phone number in exchange for calculating the cost of their order within, for example, 15 minutes or during the working day.





If you don't know what price will be competitive, you can manually monitor competitors' prices with a certain sample by their number or, for example, use price parsers. Google it and you will find different offers for price parsers. In short, a price parser monitors your competitors' prices on various platforms (Yandex.Market, [email protected], price.ru, etc.). You can specify the region, set up report parameters for daily or weekly price monitoring, analyze only the information that is important to you and quickly decide what to do with your own prices.