setting the right price for your product

i went to meet with a trademark attorney a while back and informed him in our conversation that i wanted every woman in america to be able to afford my product and told him the price of my lifetime bracelet was just $24.95 including handling fees.

he then informed me that my product might be to inexpensive and i should have another bracelet priced in a higher range due to the fact that some women would only wear it if it cost more.

as things stand at present ,the price is still $24.95 but it did make me think how pricing an item is one of the hardest tasks of entrepreneurs.

just some information you might ponder for your own business adventures.