Pricing is a journey, and you should always be looking to tweak and fine-tune your pricing, as well as seeking to understand if your overall pricing strategy is working. This post covers 9 indicators that may be telling you it’s time for a change in your pricing plan.
Topics: Pricing Strategy
How to Use Quoting Software to Supercharge Your Company
Many industry leaders use Configure Price Quote (CPQ) software to inject speed and accuracy into their sales engines. Now could be the time for you to make a strategic investment in quoting software to increase your operational efficiency and give your company profits a real boost.
Topics: CPQ, Configure Price Quote, Quote Manager, Quotation Software, Quote System, Configure Price Quote Software
14 Pricing Strategies to Help Grow Your Retail Company
Even if a lot of our high streets are suffering from the competition offered from ecommerce sites, shoppers are still willing to visit a "real-live" shop and be tempted to purchase if the prices to them seem reasonable and competitive.
It's a misconception that online prices will always be cheaper – and there's nothing tempts shoppers to part with their hard-earned cash more than an attractive shop window display or instore promotions.
Topics: Retail, Pricing Strategies
Monte Carlo Simulation (also known as the Monte Carlo Method) provides a comprehensive view of what may happen in the future using computerised mathematical techniques that allow people to account for risk in quantitative analysis and decision making. It tells you not only what could happen, but how likely it is to happen.
Topics: Monte Carlo Simulation
Use These Pricing Strategies to Grow Your Ecommerce Site
Feeling downhearted that you can't compete with the "major players" in the Ecommerce world? OK, so you're not going to take on Amazon anytime soon but there are other canny ways to compete - and it all starts with thinking about, then developing, a competitive ecommerce pricing strategy.
Topics: Pricing Strategies, Ecommerce
Hot off the press is our latest guide for online retailers entitled: 'The Ecommerce Pricing Guide'.
You can download it here.
Topics: Pricing Strategies, Ecommerce, Online Retail, Pricing Guide
Use These Pricing Strategies to Grow Your Manufacturing Company
Manufacturers face their own unique pricing challenges with ever-changing products and demand.
It's a real conundrum to accurately estimate a fair market value for manufactured products whilst at the same time managing to keep a close eye on the bottom-line. Just keeping the whole process ticking over can be an achievement in itself ; looking forward to a healthy profit at the end of a revised pricing process should provide momentum and be an added bonus in these difficult times.
Topics: Pricing, Manufacturing, Pricing Strategies
This post was sparked off the back of a tweet I was shown by my good friend Doug Ayling, when we were debating, over a pint of course, why some software companies don’t show their pricing.
Topics: Pricing, Transparency
Competitive-based pricing is used by many businesses in order to keep prices low while still making money. It's also known as "price leadership."
Why You Need to Understand Competitor Pricing
Competitive-based pricing, or market-oriented pricing, involves setting a price based upon an analysis of what the competition is up to pricing-wise. You can choose to price-match - or price your goods higher or lower, dependent on what your overall business goals are and how you wish your product to be perceived.
Topics: Pricing, Competitor Pricing