Pricing model for your digital products

[Nomad]

Pricing strategy is very important for businesses because if you do not price your product rightly, you will lose the opportunity to sell. How do you set your product prices, especially digital products, so that you get profits as well as sales? My strategy is to price the product slightly below your competitors while maintaining high-quality standards. When you are a new seller, you can attract customers who look for cheaper products. You need to incorporate a modest profit margin to ensure your efforts remain financially rewarding.

 

[Abdulhamid01]

Knowing your competitors especially on the platform you wish to sell your product and instead of saying $100 , you could say $99.9$ , the difference of $0.1$ might be insignificant to you but customers still consider them.