You can do this by considering production costs, what your competitors charge, how much customers are willing to pay, and how they perceive your value.
Figuring out the correct pricing and promotion strategies for your product or service is crucial. You can do this by considering production costs, what your competitors charge, how much customers are willing to pay, and how they perceive your value. Regarding promotions, you could offer discounts, coupons, loyalty programs, referral incentives, or team up with other businesses.