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Akshat Aggarwal

Building Triangles |... • 1y

Calling out all experts ! 🙋 Building a marketplace from scratch is no walk in the park. So, I'm turning to the fellow experts how can one build a killer consumer marketplace from scratch. What features are MUST-HAVES for initial launch? Should

Hawk

Product Ops Wizard a... • 1y

Building one from scratch is waste of investment, I would recommend use a low cost solution like Shopify to start it off then at the backend hire someone to create something custom for the long run. As for the traffic, use IG content and ads to beg

Akshat Aggarwal

Building Triangles |... • 1y

Great advice! 💯 One more question I would like to raise: How will you solve chick and egg problem? I mean unless you have a good traction you can't provide good discounts and competitive prices and unless you have competitive prices you can't get t

Hawk

Product Ops Wizard a... • 1y

Well I’m not a big fan of product discounts or competitive pricing. I would rather have my product & service speak for themselves. Prime example of this is “Zdio” even though they offered clothing at cheaper rates but they are still called a cheap rip off of premium brands. Offering discounts and competitive pricing isn’t always a proper use case in the online e-commerce segment.

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Product with Competitive in nature is a COPY CAT product of Business to run But Product without Competitive in nature is a product of Creativity to Rule in Business

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Anonymous

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Nothing, just a fan of shark tank came to try its another product

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Adithyan Selvaraj

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Thought of pricing the product directly instead of striking out the higher price and show the lower price. For example, The product cost is posted as Rs.5000 ,striked it and the final price is Rs.2000. Do you think that strategy still works? I th

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Aadi Karani

Learning is key to s... • 1y

Come-on guys let's learn about the PRICING today ! Price of a product is the amount which a buyer is willing to pay & seller is willing to charge/sell for the product. Price of the product may also determine the success of the product at some exten

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Aditi
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I'm personally not a fan of their services but he really really hit a sweet spot when it came to pricing eye wear in India. Other optical stores made incredibly high margins until lenskart disrupted this. Plus most of their stores are retrofitted wit

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Shuvodip Ray
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How do we determine the value of a product or service when setting prices, and what factors should be considered in deciding pricing strategies?

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Only Buziness

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Pricing Strategies:- 1. Cost-Plus Pricing: Adds a markup to production costs. - Example: A $10 product sold for $15 ensures profit. 2. Value-Based Pricing: Prices reflect perceived customer value. - Example: Apple charges premium rates for i