How do you set your optimal product price ?

[El_Globo]

So far, I just set my goods with just a .10 € above the market price.
But I wonder if there's a subtil mechanic yet behind the mechanic :
1) I already had some customers complaining about high prices when I forgot to lower price from market lowering but will they buy more if we set a discount under the average market price ?
2) Did you found the max cap at which they won't buy the product ? Is it a flat value, let's say 30 cts above the average or is it a % of the average price ?. I didn't tried yet, that's why I ask....

[MudeJoe]

I go for 20-30c above the market price for most items, which worked fine so far, for things like coffee that are more expensive I went way higher and they never complained. But I had complaints at 1$ above the price for the first oil, for example. I guess it's a % thing.

[RBLZ Lexi]

Originally posted by MudeJoe:

I go for 20-30c above the market price for most items, which worked fine so far, for things like coffee that are more expensive I went way higher and they never complained. But I had complaints at 1$ above the price for the first oil, for example. I guess it's a % thing.

lucky you D: My customers already cry when i go just under the market price xD

[C E X M A S H E E N]

i've been setting mine .25 to .80 more than average market price or just a logical rounded off number.

milk: average market price 2.65. I set it to like 2.99 or 3.15

If I get numerous complaints i'll adjust the price down as i too fall victim to not price checking as usually when i save and quit is when a change in price happens. and if you want a good seller just set the price a bit cheaper where you'll still be netting cash. by day 7 i was making 1k off the products and thats after acquiring the section 1 and product license 1 & 2 upgrades.

[Wype]

looks like no difference when giving discounts as was getting same amount of customers & items sold when i gave discounts or higher price. Only time it effected me was when price was too high where effected item just didn't sell and get no experience points from customer.

For putting the price up i usually .10c extra every 5$ otherwise they seem to moan. So 1-5 is +.10c, 5-10 is +.20c and 10-15 is +.30

Im sure it can be better tuned but should give a decent baseline

[Calistrasza]

I just put market price for everything, I never have any complaints. Only time I see complaints is if I forget to check if the market price has fallen before I open my store.

[Wype]

Originally posted by Calistrasza:

I just put market price for everything, I never have any complaints. Only time I see complaints is if I forget to check if the market price has fallen before I open my store.

should at least mark everything up by at least .10c from market price which is safe. The profit margin at end of day is quite noticeable

[Lilrex]

One thing that would be nice as you open more items and increase the store the tolerance for price hikes should increase. I don't want poor people coming to my store.

I see how some of these girls be dressing. They can afford an extra $20 for coffee.

[Mystified]

Perhaps a percentage. LIke 10%? If something costs 2.69 market, maybe 2.99 (rounding up). $4.99 market might be $5.50. But I haven't tested it.

[resonance]

Originally posted by MudeJoe:

I go for 20-30c above the market price for most items, which worked fine so far, for things like coffee that are more expensive I went way higher and they never complained. But I had complaints at 1$ above the price for the first oil, for example. I guess it's a % thing.

Pretty sure you are right. If I go over by 40c on a cheap item, they will all throw a fit, but my beer kegs are about $3 over market and no one complains.

[Mr Lucas]

I add 15% to market price for everything, which most seem happy with.

[Joney-F]

The only thing we know for sure is that, at least up to a certain level, a customer will only buy a maximum of two of the same item in a single shopping trip. Therefore, no matter how high the price is, what counts in the end is the quantity of products.

[Buckshot]

I add 20 cents above market price for everything. I may get a couple complaints a day but I dont care. Haha.

[Knottypine]

Originally posted by Joney-F:

The only thing we know for sure is that, at least up to a certain level, a customer will only buy a maximum of two of the same item in a single shopping trip. Therefore, no matter how high the price is, what counts in the end is the quantity of products.

I don't believe so. See customers all the time buy more than two of the same item, don't think that's level dependent.

[Joney-F]

Originally posted by Knottypine:

I don't believe so. See customers all the time buy more than two of the same item, don't think that's level dependent.

Please check again. I may buy two of the same type, but I never buy more than three.

[Natasha :)]

Customers can buy up to 3 of each item. That is the most I have seen.