Setting the right price is crucial for attracting buyers and making a profit. Here's a breakdown of the factors to consider when pricing your products on Osokony.
Cost of Goods Sold (COGS): This includes the cost of materials, manufacturing, or acquiring the product.
Production Costs (if applicable): If you manufacture the product yourself, factor in labor, overhead, and other production expenses.
Shipping Costs: Consider how much it will cost to ship the product to customers. You can choose to include shipping in the product price or charge it separately.
Market Research: Research what similar products are selling for on Osokony and other online marketplaces. Understanding the competitive landscape is key.
Profit Margin: Determine your desired profit margin – the percentage of revenue you want to earn after covering all costs.
Commission Fees: Osokony charges a sales commission on sales for only products sold directly online through Osokony Website.
Taxes: Factor in any applicable sales taxes or VAT.