The pricing strategy during the product’s growth period should be flexible, and prices should be set according to different situations.
After the product’s sales volume stabilizes at a dozen or dozens of orders per day, you can appropriately conduct price increase experiments in “small steps”, such as raising the price by $0.5 each time, and observe the changes in product sales.
If the product sales volume remains the same after the price increase, you can continue to increase the price slightly after a few days until the product sales volume is affected.
The process of price increase is not only a process of establishing the influence of the product, but also a process of slightly increasing the profit margin. If the product sales volume drops significantly after the first small price increase, it means that the strength of the product has not yet reached the level of price increase.
Therefore, even if the product has entered the growth period, sellers should not take it lightly, and should still make careful decisions on pricing to prevent sales declines. I hope the above content is helpful to you!