Is there such thing as a perfect price point? Well, to get anywhere close to that, you must conduct market research. You also must consider your profit margin. Normally, your margins are 30% or higher. Keep this in mind when determining your prices. Retailers may require a profit margin of greater than 50%, so bear that in mind when calculating the profit margin. Although you have no control over the final price that retailers set, you may want to provide a “recommended retail price” to help ensure that merchants price your goods competitively.

For more on finding that perfect price point, check out the resource below.