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Find out how to get the most out of Pricing Software

So, your business has made the decision to implement a pricing tool such as BlackCurve. Fantastic! You’re well on your way to get an average 1% - 3%+ gross margin improvement.

This is because pricing tools help maintain pricing accuracy, make the pricing process more efficient and effective, as well as help you identify better price points for your goods and services that drive overall business growth.

The new year provides us all with an opportunity for a fresh start.  Most people's personal new year resolutions tend to revolve around getting healthier or to get better organised.  In retail it's also a good idea to think about starting afresh after the Christmas rush and making some positive new year resolutions around your pricing strategy. To make it more fit for purpose, because a reinvigorated pricing structure will drive revenue and profit growth for the whole year.

Read on to find out more about dropshipping and the pricing strategy you can use. 

Black Friday 2019 in the UK - Is it a scam?

Black Friday is known as the day when retailers hope to make enough sales to put them in the black for the year.

Why should you stop stressing about competitor prices? In this post, we will share why only using competitor data to inform your pricing strategy is a red herring that will cause more harm than good to your business; and the key to fully optimising the prices of your products online or in your physical stores, is to use competitor data, as one of many data sources to make pricing decisions.

BlackCurve recently hosted its first Pricing Breakfast at Cargo Works, London.  The topic under discussion was “How Pricing Software Can Help Your Retail Business”.

Paul Rowley and Dr Rob Horton recently held a webinar entitled “7 Ways Retailers Can Maximise Profits”. 

• The London-based SaaS pricing optimisation platform helps retailers make smarter pricing decisions

• BlackCurve will use the investment to accelerate its commercial development, doubling its team, and strengthening its product offering

• Nauta Capital, a pan-European VC focused on capital-efficient software companies, leads the round.

According to eMarketer.com, global eCommerce retail sales are expected to top $27 trillion in 2020 and the biggest eCommerce retailer by a mile is Amazon.  Bryan Eisenberg recently published the book “Be Like Amazon: even a Lemonade Stand Can do It (co-authored by Jeffrey Eisenberg and Roy H. Williams).  Perhaps you could experiment with some of Amazon’s most successful strategies?

Want to know how you grow your profit margins? Profit margin is a measure of your profitability.  The figure varies from business to business but is a pretty good indicator of how successful you are.  As author Doug Hall says, “If your profit margins aren’t rising, chances are your company isn’t thriving.”  With retail, some of the biggest brands commonly achieve profit margins of 50-60%. In 2017, Ted Baker had a profit margin of 60%, Inditex 57%, and M&S 56%.