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Blog Page 5
May 10, 2023
What Is Revenue Management? An Explanation of How the Strategy Works
Revenue management allows you to use your resources as efficiently as possible and increase your company's revenue by making attractive offers for customers.
Apr 25, 2023
Checkout Mistakes: Reasons Behind & Strategies to Avoid Them
Read about the 8 most common checkout mistakes and how to fix them. Improve your checkout page, attract customers, increase sales, and increase revenue.
Apr 24, 2023
What Is Dunning Management: A Comprehensive Guide
In this article, you will learn everything about dunning management: advantages, strategies, and application tips. Study the dunning process and prevent involuntary churn.
Apr 24, 2023
What Is Customer-Based Pricing?
Customer-based pricing is the concept of setting prices for products based on consumer perceptions of product value, considering demand and willingness to pay.
Apr 24, 2023
What Is Cost-Plus Pricing? Advantages, Disadvantages & When to Use It
One of the simple and effective pricing strategies is cost-plus pricing. Find out how to apply it, in which areas, and also with which strategies it can be combined.
Apr 24, 2023
What is Hedonic Pricing? Explanation of the Hedonic Pricing Method
The most effective way to form a fair price for real estate is hedonic pricing — a pricing model that includes all the factors needed and creates a fair price.
Apr 17, 2023
What are Google Shopping Feeds? How to Set Up and Use Them
Learn about the types of Google Shopping feeds and how to provide precise product data to Google Merchant Center and improve the shopping experience for your customers.
Apr 17, 2023
What Is a Price Taker: A Comprehensive Guide
Find out the definition of a price taker, and get some examples in a competitive market and in a monopoly. Which companies are price takers and which are price makers?
Apr 17, 2023
How to Deal with Slow-Moving Inventory?
Is your business suffering from slow-moving inventory? Find out how to get rid of it and avoid unnecessary expenses for the maintenance of unclaimed goods.
Apr 13, 2023
What Is Category Management & Why Is It Important?
Find out how category management works in retail, why it is used for managing product segments and procurement, and what tools can help with pricing and strategies
Apr 13, 2023
What Is Customary Pricing?
What is customary pricing, what is used for, using customary price as a strategy, examples of customary pricing.
Mar 30, 2023
How to Let Customers Know About a Price Increase Without Losing Them
Discover insights on how to inform customers about a price increase for products or services and retain loyalty. Get tips on writing a price increase letter or notice.
Mar 30, 2023
What are Product Codes? Basic Product Codes for Online Sellers
Find out what product codes are, what sorts of identification numbers are used in different countries and industries, and how to use unique codes in retail.
Mar 30, 2023
What Is the Marketing Mix? How to Use the 4 Ps of Marketing
A detailed guide to the marketing mix strategy: its definition, the roles of the four major elements (product, price, place, promotion), alternative versions, and examples.
Mar 30, 2023
What Is Price Variance?
Everything you need to know about price variance: formulas to calculate it, how it helps to define the optimal cost of items, and how to interpret it.
Mar 30, 2023
What Is Multiple Unit Pricing?
An all-round guide to the multiple unit price formation strategy: examples of products and services, types and use cases, pros and cons, and ways to implement it.
Mar 30, 2023
What Is a Price Maker: A Comprehensive Guide
The ultimate guide to price makers: how sellers dictate market pricing as monopolies, examples of price makers, and the adverse effects of this phenomenon.
Mar 28, 2023
10 Causes of Low Sales and Ways to Eliminate Them
Sales are falling, but competition is growing? The first thing to do is to identify the causes. Out of 10 reasons for low sales, you will be able to find your case and overcome the problem.
Mar 28, 2023
What Is Basket Based Pricing? How to Use This Pricing Strategy
Basket based pricing is a great way to increase sales and make customers more loyal to your business. Learn how to apply this strategy and improve your bottom line.
Mar 23, 2023
What is Time-Based Pricing?
Want to implement a dynamic pricing strategy? Read our guide on the time-based pricing method in online retail: how it works, ways to implement it, and its advantages and risks.
Mar 24, 2023
What is Yield Management Pricing? A Complete Guide With Examples & Strategies
How to boost the revenue of your business? Use the yield management pricing strategy – this guide explains how it works, what benefits it brings, and how to use it.
Mar 23, 2023
What is Odd-Even Pricing? A Complete Guide to the Odd-Even Pricing Strategy
How to use psychological tricks to boost sales? Odd-even pricing is one of the most essential techniques – find out how to use it.
Mar 23, 2023
Behavioral Pricing: A Comprehensive Guide for Online Retailers
Detailed guide to behavioral pricing: examples, structure, principles, and explanation of how customers can react to price changes.
Mar 15, 2023
What Is Absorption Pricing?
The ultimate guide to the absorption pricing strategy: how to calculate the cost of goods, and why this approach to price formation is not enough.
Mar 15, 2023
What is Cost-Based Pricing? A Definitive Guide to Strategy
The ultimate guide to the cost-based pricing method: how it works, its formula, pros and cons, and ways to implement it in your retail business.
Mar 13, 2023
What is Life Cycle Pricing?
Check out this ultimate guide to the life cycle pricing strategy: find out how to set the price for your products depending on their life cycle.
Mar 13, 2023
What is Pay What You Want Pricing?
It’s time to observe the Pay What You Want pricing model: find out how it works, what companies can benefit from it, and how to earn by offering free products.
Mar 10, 2023
What is Keystone Pricing? Everything You Need to Know
Keystone pricing is one of the simplest and most effective pricing strategies. Find out how to use it, plus its pros and cons, and for whom it is suitable.
Mar 10, 2023
What Is a Price Waterfall? A Guide to Increasing Profits & Fixing Your Price
Do you feel a leakage of income? Is it unclear where the money goes? Try a new method of price analysis: price waterfall. A universal way to avoid losing money and build the most profitable pricing model.
Mar 07, 2023
What Is a Pricing Audit? Performing a Pricing Audit to Maximize Profitability
Do you want to know how to properly conduct a price audit? Do you know why it’s necessary? What benefits can you get from a price audit? Here you can find out all the information.
Mar 10, 2023
What Is Price Anchoring & How Does It Work?
Anchor pricing is one of the most effective ways to increase revenue. In this article, you can learn how the anchor works and how to apply this strategy.
Feb 21, 2023
Demand-Based Pricing: A Comprehensive Implementation Guide
Learn how the demand-based pricing strategy generates sales, profit, and loyal customers. Choose your business growth model powered by customer demand and technology.
Feb 24, 2023
What is Predatory Pricing?
How does a predatory pricing strategy work? Is it legal? What could be the consequences? All this, as well as examples of companies, you can find in this article.
Feb 20, 2023
Everything About EAN Codes: Barcode Information & Tips
All the necessary information about EAN Number in this article. And also: EAN Code variations - EAN-13 and EAN-128, application and how to get an EAN Code.
Feb 21, 2023
What Is Captive Product Pricing & How Does It Work?
Everything about captive pricing: examples, tips, strategies and FAQ. Learn how to use captive pricing and increase revenue, sales and customer loyalty.
Feb 17, 2023
What is Pricing Performance? How to Measure Pricing in Your Company
How to measure the performance of your pricing strategy effectively? This guide explains the ways to assess and improve your pricing policy, and why cost isn’t the only benchmark.
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