Here are a few tips that should guide your product pricing:
- The commission percentage you selected will be deducted from the total amount you set, and you will be paid the balance. For example, if you set N20,000 and you set a commission percentage of 10%, N2,000 will be deducted and you will be paid N18,000.
- Agents are motivated to promote products with high commission percentage, as they will earn more from it. However, this should not cause the product price to be too high, as customers also run away from overpriced products.
- The final price of the product after adding the commission that will be paid out should be very market competitive, so that customers will be happy to purchase your products.