amp0193
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Hi people,
I am selling this product on Amazon with little competition. I am trying to figure out at what price to sell it for. The idea was to measure every week how much I sell for X price and then decide which pricing gives the most profit.
The problem I have is that even if I don't change the price of the product, the sales volume differs from week to week. How should I go about testing/finding out what price gives the most profit? Maybe even measing per month could give different sales with the same price..
Thanks in advance!
When I was selling a lot on Amazon, I used Split.ly to do this for me. They run the test until their is a statistically significant outcome either way. Check it out here: Amazon AB Testing & Split Testing – Optimize Your Product Listings | Splitly