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what is a good way to determine a Selling price for a customized Xbox controller?

what is a good way to determine a Selling price for a customized Xbox controller? h #marketing #entrepreneurship #electronic #pricing

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Colin’s Answer

Also check ebay, amazon, google shopping and craigslist for current asking prices/going rates
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Conor’s Answer

See what other people are charging for a similar customized Xbox controller. Chances are they have done some thinking about what to charge, so that is a good reference point to start with if you do not want to try to come up with a price yourself (which can be a lot of work!)
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MelissaWilliams’s Answer

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Hello!


Definitely agree with myhrvold that you should see what other people are charging. You can do that by googling "custom xbox controller." When I did that, I got the following site:


http://www.gamermodz.com/


http://www.thecontrollershop.com/


Both of these sites have prices. I'm don't know how you've modified your controllers, but check out these sites to figure out a competitive price.

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Sikawayi’s Answer

Hello Jlowery, thank you for the question. for a customized controller most gamers would probably willing to pay between 75-100 dollars for. You will get a better idea of how much they go for if you go online and ask for the same kind of controller and when you start getting responses find out how much money there asking for there's. Best of luck.
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Peter’s Answer

My decision to setup selling price for product as a pricer would be set by following:

1. price competitiveness - competitors average weighted price on a market ,value the advanced features compare to competition to reflect in selling price
2. market research - targeted market
3. pricing elasticity
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Julio’s Answer

I agree with the previous answers, a market price study is paramount.

You need to take into account as well the product’s gross margin (percentage of the selling price left after paying for the cost of producing one unit ) 30%to 50% is a common margin for consumer electronics. (this number is orientation, as it will depend on the manufacturing scale of your units, if you are going to have retailers (if so you should add into account the percentage that they are going to take)
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