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five ways to increase your gross margin without negotiating costs or simply selling more the gross margin is the difference between net sales and cost of goods sold here are the five tips increase your prices or lower your discounts spend some time on price increases and donamp;#39;t just focus on cost savings product mix focus on the products with the highest gross margin these are not necessarily the most expensive ones use value-based pricing rather than cost pricing make sure your price reflects what customers are willing to pay rather than a simple markup of your costs sell extra features options and upgrades since these often allow for better margins reduce content without dropping the price example sell a flashlight without supplying the batteries the price is the same but the content is less click like and subscribe to our channel if you enjoyed this video
