Economy Pricing is a business strategy that helps make the general commodity appealing. It creates a significant price difference between branded and local products. Most customers look for the prices, and thus all these companies based on the economy pricing work better in the field. In this article, we will discuss many more details about … Read more
Market Based Pricing is similar to competition based pricing. It asks you to set your prices based on market demand and trends. It is among the best pricing strategies for almost every product or service business. This guide will discuss every relevant thing about market-based pricing and how to implement it in your business. Let’s … Read more
Low cost strategy is among the most used approaches. It means to produce a company’s products or services at the lowest possible cost in the entire market. It will let you control the other aspects of your business much better & it perfectly complements competitor-based pricing. Thus, you will eventually rule the market among all … Read more
Even the best suitable product with world-class marketing tactics can only make good sales with the utilized product mix pricing strategies. Therefore, pricing is one of the most significant factors in the buyer’s decision. It affects the company’s revenue, profit, and overall profile. Even the McKinsey report revealed that a 1% price increment could boost … Read more
Are you also looking for a detailed guide on Economy Pricing Strategy? If yes, then you’re at the right place! After researching numerous top-level real-life companies, we have figured out the appropriate definition and implementation of the Economy Pricing Strategy. It is a volume-based strategy where companies seek to serve more and more customers at … Read more
Are you also looking for a Promotional Pricing Strategy for your business? If yes, then you’re at the right place! Promotional Pricing Strategy refers to a sales strategy where companies and brands lower their product prices for a short period to increase sales. Implementing promotional pricing in any business can help it grow exponentially. Thus, … Read more
Markup price refers to an add-on-the-cost price to form the selling price consisting of a required profit. This method has various elements that can make your business grow at a good pace. Thus, if you also want to make your pricing strategies wiser and more profitable for you. Please read this article carefully; we have … Read more
Competition based pricing requires a massive amount of research. You analyze here the pricing strategies of your competitors. You even get to familiarize yourself with the customer’s expectations as well. It provides the foundation to set your product’s or service’s pricing range. Thus, if you’re also looking to implement competition based pricing, read this guide … Read more
You can have your same targeted customer at two different geographical locations. But two other locations will always have a separate case for purchasing a product. There are significant differences in interest, needs, and buying power between the two local people. Thus, Geographical Pricing has been introduced in the business field. It teaches businesses and companies … Read more
Individual branding is one of the top-notch branding methods that helps brands to expand universally. It enables the brands to establish a different brand for a specific product or service. Tide and P&G are great examples of individual branding. Thus, if you also want to set up individual branding in your business, this guide will … Read more
Are you also looking for “Brand Positioning Mapping?” If yes, then you’re at the right place! After analyzing hundreds of brands and their mapping technique, we have created this ultimate brand positioning mapping guide to help you know all the essential information. Brand Positioning Mapping will help you decide your brand’s marketplace if you optimize … Read more
Nike is one of the world’s best athlete wear manufacturing and supplying companies. From the daily workout clothing & shoes to the signature shoes & sportswear, Nike designs everything. Nike has collaborated with various famous sports athletes globally in every sport. After working from 1964, Nike brand positioning was established for a few years. Nike … Read more