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#415 - How to Justify a Premium Pricing Strategy on Amazon (Beyond Just Branding)
Manage episode 465289465 series 2866043
Most Amazon sellers think branding alone lets them charge premium prices, but that’s not the full picture. In reality, two key factors determine if you can charge more: Supply & Demand dynamics and Obvious Perceived Value.
If you don’t get these right, no amount of fancy branding will justify a higher price. Today, I’m breaking down the real strategy behind pricing premium on Amazon and how you can make customers choose your product over cheaper alternatives.
➡️ All of my resources: https://www.andyisom.com/
399 episodes
Manage episode 465289465 series 2866043
Most Amazon sellers think branding alone lets them charge premium prices, but that’s not the full picture. In reality, two key factors determine if you can charge more: Supply & Demand dynamics and Obvious Perceived Value.
If you don’t get these right, no amount of fancy branding will justify a higher price. Today, I’m breaking down the real strategy behind pricing premium on Amazon and how you can make customers choose your product over cheaper alternatives.
➡️ All of my resources: https://www.andyisom.com/
399 episodes
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