Definition of Keystone Pricing
It’s a pricing strategy that incorporates multiplying the wholesale price by two to get your retail price.
Description of Keystone Pricing
This is helpful when, for example, your item has a slow turnover, has costly shipping and delivery expenses, or are rare, then there’s a big chance that you can sell your item at a higher price.
Advantages of Keystone Pricing
It’s a quick and simple way to figure out your profit. It’s also highly beneficial when you are the only owner since you don’t have to cut their salary out of your profits
Disadvantages of Keystone Pricing
It’s typically illogical to price your item that high based on how available and competitive an item is. This method also isn’t helpful when your item can be easily accessed or made by someone else.