July 27, 2009

Are you over priced?

Have sales been slow lately? You can say it is the economy but the truth is you are probably over priced. One great way to see if your items are over priced is to put an item on eBay and start it off at 99 cents. If you get no bids or the item sells at 99 cents you either have a non-demand item, item is poorly made or 99 cents is all that people are willing to pay for it. Shelf that item or product line until the demand goes up or you make improvements to the item line. Unfortunately you are competing with not only other people in the same line of business but small business in China and India that flood the market with their cheap items.

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