Pricing of computer components

[sarfraz]

This might be a weird question but since I need some advice, I will post it. As I have become a reseller of computer parts from various manufacturers, I wanted to know how to price these components for the customers? Like how much percentage increase in the price? Currently, when I see prices on Amazon, I try to stay below their price but different components are priced on various percentages and the cost price changes every week or every month at least. If anyone is working or has worked in this field will be able to help me easily. I live in India and have an offline store recently open with the help of some people on this forum. 

[Firewrath9]

Look at local prices, and try to stay a bit below.

[Sa1tama]

I agree to @Firewrath9 you should probably take a look at the local market. If you find something for cheaper than usual then calculate the delta (Difference in prices) and divide it by 2. I don't know much about India, but it works for me in Europe. 

 

[sarfraz]

It means that I should not look at profit percentage but rather the local market prices. Hmm. It will take a lot of time but I think I have to do this. 

[Zmax]

You could try  PCPARTPICKER

 

https://pcpartpicker.com/

 

It will give a base comparison  in US dollars

[Nicnac]

Prices fluctuate all the time especially if you look online. I get that pricing your items is hard because of that but you should try to adjust prices as often as possible if you are selling online. If you are more of a walk in store you can keep your prices more rigid as people probably will not compare online when they need something right now.

Large internet stores have scripts for that

[dizmo]

Kind of an odd question. If you're a businessman, shouldn't you have the ability to figure this out on your own? It's a pretty basic aspect of running a company.

 

[sarfraz]

1 hour ago, dizmo said:

Kind of an odd question. If you're a businessman, shouldn't you have the ability to figure this out on your own? It's a pretty basic aspect of running a company.

 

I have just started. So, I don't have enough idea. 

[Pixel5]

while it is generally a good idea to look at the local market prices you should anyways have done this calculations ahead of time.

 

This is what you would usually call a business plan, how much does it cost to keep the store open, how much money do i need for myself and how much do you need to buy new products.

you need to have enough margin on each sale that you can more than cover your expenses at whatever rate you are selling products.

 

you can either archive this by pushing low prices and selling many products which is something small stores usually can not do or you can go for higher prices and know you will not get some sales because people buy elsewhere.

[LoboTechnician]

Find the equilibrium/market price in your area for the products you are trying to sell

[dizmo]

12 hours ago, sarfraz said:

I have just started. So, I don't have enough idea. 

It's something you figure out before you start a business, during the planning stage, or school. Not something you learn as you go.