Major brands BASEUS UAG NILLKIN MERCURY told us a few month ago. I will see price going up.

Some of them even sent us notice in advance for the following month price adjustment.

  • Production Costs: Costs to produce and distribute your products play a key role in pricing. If those costs increase, you’ll need to raise prices to accommodate the added expense.
  • Material Costs: Similarly to production costs, the price of materials can also go up which will affect your bottom line. Any adjustments to upgrade the quality of your product will impact pricing as well.
  • Industry Trends: If you’re not a first-mover into your industry, chances are you’ll need to keep up with competitors to make sure your business stays relevant. Conduct a competitive analysis (if you haven’t already) to stay on top of industry standards. If you find deficiencies in your current business model, bringing your company up to speed may result in a price increase.