Every price you set is a hypothesis. You're predicting the precise point where a stranger's perception of value intersects with your need for profit. Most sellers base this hypothesis on one of two flawed models: gut feeling ("This seems like a $50 chair") or lazy mimicry ("Everyone else is asking $75"). The result? Items that sit unsold for weeks or money left on the table. To price for maximum profit, you must master a dual-discipline approach: the cold, hard science of data and the nuanced art of human psychology.
This guide moves beyond basic "check sold comps" advice. We will dissect how to gather and interpret the right data to establish your price floor and ceiling. Then, we'll layer in powerful psychological principles that nudge buyers toward purchase, increase perceived value, and make your listing feel like an undeniable deal. This is the framework used by successful retailers and marketplaces worldwide, n…
