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ThexArm, post: 206741 wrote:
Interesting thing in your numbers is your sale price of your product. When your nearest competitor sells the similar product for $59, why would you sell it for $49.99.? I mean you can easily increase the price closer to your competition. There is extra profit to be made for the same efforts.

Hi, many thanks for your comments :)

Of course I could charge more but that is one of the reasons why I considered it a hobby and not a business…it wasn’t all about making money…one of my customers repairs old boats and sells them at cost to retirees who would otherwise never be able to afford one.

Interestingly the product I sell used to cost $90 to $100 before I came along. From a competition perspective my price now may be considered anti-competitive.