Chapter 3

Costs went up, so why haven't my prices?

Giá nhập đã tăng, sao giá bán vẫn nằm im?

The chapter's question

The last time purchase prices rose, how long until I changed selling prices?

Big idea

When purchase prices rise and selling prices stay the same, profit leaks daily without anyone seeing.

In this chapter

  1. Part 3.1

    Tracking Cost Changes

    How do I find out purchase prices have changed?

  2. Part 3.2

    Repricing on Arrival

    Who changes the selling price when a batch at the new price arrives?

  3. Part 3.3

    Old Stock, Old Price

    Should old stock bought at a lower price be repriced immediately?

  4. Part 3.4

    Telling Customers

    Do I need to say anything to regulars when prices rise?

The reading for this chapter is inside Conan School

This chapter has 4 readings, with case stories and exercises. Chapter 1 of The Price Tag is free to read right here.

Read in Conan School

Chapters of The Price Tag

  1. 1.Do a few items make my whole store look pricey?
  2. 2.What's wrong with one markup for everything?
  3. 3.Costs went up, so why haven't my prices?
  4. 4.When there's no price tag, do people even ask?
  5. 5.What does one wrong price at the till cost me?