Pricing Strategy Posted on May 16, 2017 How Often Should You Adjust Your Pricing? Every business that seeks to achieve maximum levels of profitability needs to think carefully about its pricing. Specifically, it needs to think about how often to change its prices. Once…
Pricing Strategy Posted on May 10, 2017 Your Competitors Already Know This About Your Pricing Strategy Keeping an eye on what your competition is doing is a great way for growing your business. Identifying who they are and what they are offering can prove invaluable to…
Product Pricing Posted on May 9, 2017 Pricing Benchmarks: Where Do You Stand? Let’s start off with the basic definition – what are pricing benchmarks? It’s the process of comparing your prices to the prices of the competition in a specific market segment….
Pricing Strategy Posted on Mar 10, 2017 Be Sure To Avoid These 5 Strategic Pricing Mistakes Pricing strategy is rightfully one of the most heavily debated aspects of any business. No matter what your product is or where you lie within your industry, your price point…
Pricing Strategy Posted on Nov 18, 2016 What is Market Price & How to Set it for Your Product Regardless of what type of product you’re selling, you know you need to set a price to sell it. Knowing that you need a price is the easy part. Determining…
Pricing Strategy Posted on Nov 17, 2016 Price Skimming Strategy: Definition, Benefits, and Business Impact How do retailers capture value when demand is high and competition is limited? For many businesses, the answer lies in price skimming. Whether launching a breakthrough innovation or introducing a new version of an…
Retail Analytics Posted on Jan 22, 2016 Empower Retail Performance With Real-time Dashboards Retail success in the 21st century is multifaceted- today, brands and retailers can no longer rely on just one key metric of performance as trends, technology, and consumer demands grow…
Pricing Strategy Posted on Oct 30, 2015 How to Utilize Competitive Price Intelligence for Best Results What is Price Intelligence? Price intelligence is a data-driven process for tracking, monitoring, and analyzing market trends and competitor price movements to make informed pricing decisions. It utilizes dynamic data-mining…