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pricing models Tagged Articles
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Collaborate Rather Than Compete
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| Many would say that our entire free-economy system is built on the foundation of competition. Competition drives the supply and demand curve, it is the catalyst in pricing models, and it fuels the need for innovation. Yet some have suggested that cooperation and collaboration with our competitors can be valuable. |
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Other pricing models Related Articles
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Price The Direct Link to Your Bottom Line
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| Setting the correct pricing strategy for your products and services is a great challenge. Pricing has tremendous impact on your profits, because pricing not only determines the quantity sold, but also the direct contribution to your bottom line. Following are a few key points to consider when setting prices. |
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What Should I Charge? First Understand What You’re Selling
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| Designers spend an inordinate and disproportionate amount of time determining pricing and fretting over it. But there is no right or wrong answer when it comes to pricing. This article helps designers figure out a pricing structure that works for them. |
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Selling Value - Hear Yes to These Questions
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| No matter what your pricing philosophy is at your company, buyers always buy based on value. Hearing yes to three quesions will allow you to build greater value in your pricing. |
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How to Set Prices and Discounts: a Primer
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| If you're having difficulty setting or structuring your pricing, this article will show you where to start. Covers basic techniques of pricing and discounting methods, and how to avoid setting your pricing well below the value you provide. |
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Choose Your Reality and Create Your Future
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| Each and every one of us forms mental models as to what we believe is real and what is not. These models establish how things should or shouldn’t be done and what is possible or not possible for us. |
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Collaborate Rather Than Compete
| |
| Many would say that our entire free-economy system is built on the foundation of competition. Competition drives the supply and demand curve, it is the catalyst in pricing models, and it fuels the need for innovation. Yet some have suggested that cooperation and collaboration with our competitors can be valuable. |
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Avoid Being the Dumbest Competitor
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| Pricing is the tip of the profit spear. It is often said that profit is made on the buy side of the equation in wholesale distribution. That is a true statement. However, it only holds true if you are disciplined enough not to give that profit advantage away during the quoting and pricing process.
The Quotation - Pricing Process
"Your customer has no need for you to make a ‘fair' profit unless there is no other distributor willing to take your place."
This is quite a sobering thought, but one that we should keep fresh in our minds.
Pricing strategy starts by providing guidelines for your quotation process. If we do not have a vehicle, a scorecard or some methodology to determine how we are doing then we are driving through a tunnel with our lights off. Not having a formal quotation process increases our chances of becoming the |
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It's All About Value
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| Cost plus pricing, the method of pricing where a business adds on a specific amount over the cost of their products and services to give themselves a profit margin and to ensure all costs are covered. It is easy to implement and the most used method of pricing in the business world today.
It is also a hugely flawed methodology |
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Small Business Coach - Do Your Pricing Strategies Maximize Your Profits?
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| Pricing strategies are often the last marketing mix tactic that most business owners consider important, but the first to get attention the moment sales decrease! Maybe you've never considered how your pricing strategies can maximize your profits. This is the first of a series of articles on using pricing strategically to maximize your marketing results. So, we'll start with some basics - here's seven pricing options you can consider when initially setting your prices. |
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Some Pros & Cons of Posting Your Pricing
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| To post pricing or not to post pricing, that is the question. With all apologies to Shakespeare for that terrible rip off of Hamlet's big angst-ridden speech, here are some of the arguments for and against posting pricing on our websites. |
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