Any business you do, whatever product you sell, pricing your products appropriately will enhance your sales and lay a wonderful foundation for your business to prosper further. Your pricing strategy will impact almost all aspects of your business like your cash flow, your profit margins and the expenses you can cover. Let us learn the things to focus on how to price the products? First, understand your priorities. What exactly you want to achieve from this business? You may want to give the best quality product rather than being cheapest on the market. In this case, you should quote a higher price to reflect the product quality. Now understand your customers. Know about their demographics, background and what they look for? Are they price sensitive or ready to pay for better quality? Figure out the segment you are targeting and price your products accordingly. Now the next important part is to know your costs. Sum up the cost price of all the raw materials, labour and the time taken to finish that particular product. Add a margin to that sum. This simple and straight forward strategy will give you the basic idea of pricing your product. However you should also consider your competitors before finalizing the price. As online consumers tend to compare the price of the products in various sites, it is very important to analyse competitors too. Socially app is the most cost effective way to promote your online business. With this app, you can avail excellent graphic design posters with highly engaging correlated content for your products in best price. You can further optimize the poster by adjusting its color in relevant to your products in a single tap. Share these posters on any online platform to drive traffic and multiply your sales.