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…
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…
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….
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…
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…
How to Succeed with Your Skimming Pricing Strategy
Let’s assume you have a product you’re ready to launch. You’ve weighed all the possible pricing strategies that are out there, and you’ve opted to go with a skimming pricing…
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…
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…