How to Manage Pricing and Gain Profits

Posted by Moira McCormick on December 8, 2016

The fastest and most effective way for a company to realise its maximum profit is to get its pricing right. The right price can boost profits far quicker than increasing sales volume; the wrong price can shrink profits just as quickly.

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Topics: Margin Growth, Price Management, Pricing, Profit Maximization

10 Pricing Strategies to Increase Your Profits

Posted by Moira McCormick on October 4, 2016

The ingredients of profit are costs, selling price, and the unit sales volume. They must all be in the proper proportions if your desired profit is to be obtained.

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Topics: Pricing Strategy, Profit Maximization, Profits

8 tricks to find the best price for your products

Posted by Moira McCormick on September 7, 2016

Is your company big or small? Do you sell b2b or b2c? Are you the market leader or new to the marketplace? Wherever you sit you will all have one thing in common – the need to achieve the best price for your products to maximise both sales and profits.

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Topics: Price Strategy, Profit Maximization

6 Tips for Profit Maximisation

Posted by Moira McCormick on September 5, 2016

The right price can boost profit faster than increasing volume ever will. The wrong price can shrink a profit just as quickly. You may understandably be wary of increasing prices for fear of alienating or losing customers but the result of not managing your price performance could be far more damaging.

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Topics: Profit Maximization

Your Priority should be Profitable Growth not Higher Prices

Posted by Moira McCormick on August 10, 2016

Do you have a conflict in your business between the pricing team and sales department? Certain members of your sales team probably think that all your pricing manager cares about is higher prices – which can make it more difficult for some in sales to close deals.

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Topics: Price Optimisation, Profit Maximization

Grow Faster by Making Pricing Strategy a Team Effort

Posted by Moira McCormick on July 26, 2016

Pricing Optimisation is a central part of your business – if it isn't then it should be! Everything from your marketing and sales to your product and operations should be used to either drive potential customers to make an order or support the loyalty of that customer once they’ve made a purchase.

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Topics: Price Communication, Pricing Team, Profit Maximization

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