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Step 6 of 10 in this module#96 of 1,000

6. Step 4: The Strategic Pricing Formula

Part 1 • Creating Your First Product Listings

Pricing determines your profitability and your brand's perceived value. Pricing too low can make your brand feel cheap; pricing too high can deter customers. The goal is to find the sweet spot that ensures a healthy profit margin while aligning with market expectations. The industry-standard formula is to aim for a 40-60% profit margin. Here's how to calculate it: (Retail Price - Base Cost) / Retail Price = Profit Margin. For example, if a T-shirt costs you $9 and you sell it for $25, your margin is ($25 - $9) / $25 = 0.64, or 64%. This is a very healthy margin.

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In this module: Creating Your First Product Listings10 steps
  1. 1The Goal: A High-Conversion Product Page
  2. 2Step 1: Uploading Your Artwork
  3. 3Deep Dive: Print-Ready File Specifications
  4. 4Step 2: Curating Your Mockups
  5. 5Step 3: Writing Your "1-Chunk" Description
  6. 6Step 4: The Strategic Pricing Formula
  7. 7Recommended Price Ranges (Revisited)
  8. 8Publishing and Syncing Your Product
  9. 9The Importance of a Size Chart
  10. 10Congratulations: Your Store is Now Live