Sabtu, 03 Agustus 2024

Price Pricing Mark Up

 



ROUND 30K OR 29,6K?

For pricing, here are some considerations:  

1. Psychological Pricing:  

   - **28,600 IDR** gives the impression of a more affordable price, making it look like a deal.  

   - **30,000 IDR** is a rounded number, easier for customers to remember and simplifies transactions.  


2. Market Positioning:  

   - If your target is price-sensitive customers, **28,600 IDR** may attract more buyers.  

   - If you want a premium feel, **30,000 IDR** is better.  


3. **Tokopedia Fees & Profit Margin**:  

   - Check Tokopedia's transaction fees. Sometimes, slightly rounding up (e.g., **29,900 IDR**) helps cover fees while keeping it psychologically appealing.  


4. **Competitor Pricing**:  

   - If competitors sell at 30,000 IDR or higher, staying at 30,000 IDR is safe.  

   - If they sell lower, you might need to offer better packaging, branding, or bundle deals.  


### Recommendation:  

**30,000 IDR** is easier for customers and keeps your product perceived as a quality choice. If you want to push sales faster, **29,900 IDR** is an alternative.  

1. **Easier Transactions**: People prefer rounded numbers, especially for cash payments or e-wallet top-ups.  

2. **Minimal Difference**: The 400 IDR gap is small and unlikely to influence buying decisions significantly.  

3. **Perceived Value**: 30,000 IDR feels like a quality product, while 29,600 IDR might make it seem like you’re trying too hard to look "cheap."  

CONCLUSION 😸 😀

I’d go with **30,000 IDR**. It’s cleaner, easier for transactions, and doesn’t feel like you’re trying to make it look cheaper. Plus, the small difference won’t really impact sales, but it keeps your margins slightly better.


5 TIMES?

Common is 5 times mark up. Here's almost 50 times mark up ( crazy 😧)

https://youtu.be/LkhQQOzfczc?si=FQ0qCwlaoGV7b7Sg

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