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Price testing
Updated over 7 months ago

Testing product pricing is a crucial aspect of a successful business strategy. It ensures that the price point for your product is optimal for both the company and the consumer. You don't want to leave money on the table or cheapen your brand by pricing your product too low and you don't want to lose out on a large audience by setting the price too high compared to your competitors.

Questions you could ask:

"Would you pay $[insert price] for a product like this that was made from sustainable materials?"

"How much more would you pay for this product if it also came with the accessory, would it be worth the extra amount?"

"What do you think is a fair price just by looking at this product overview?"

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