Good Pricing Strategy. - Deepstash
Top 7 TED Talks On Customer Success

Learn more about problemsolving with this collection

How to create customer-centric strategies

The importance of empathy in customer success

The impact of customer success on business growth

Top 7 TED Talks On Customer Success

Discover 42 similar ideas in

It takes just

6 mins to read

Good Pricing Strategy.

Good Pricing Strategy.

Pricing strategy helps you determine the price point at which you can maximize profits on sales of your products or services. Factors to be considered includes:

Costs: Overheads, production and distribution.

Competitors: Offerings and positioning strategies.

Customer: Target customer profile.

58

679 reads

MORE IDEAS ON THIS

3. Economy Pricing.

3. Economy Pricing.

Used by a wide range of businesses including generic food suppliers, commodity traders and discount retailers, economy pricing aims to attract the most price-conscious of consumers. Businesses using this strategy should be well positioned for cost savings and higher sales volumes.

55

162 reads

1. Pricing at a premium.

1. Pricing at a premium.

Premium pricing is the practice of setting the price of products or service artificially high. Premium pricing is often most effective in the early days of a productโ€™s life cycle, and ideal for small businesses that sell unique goods.

60

270 reads

2. Pricing for Market Penetration

2. Pricing for Market Penetration

Penetration strategies aim to attract buyers by offering lower prices on goods and services. While many new companies use this technique to draw attention away from their competition, penetration pricing does tend to result in an initial loss of income for the business.

57

192 reads

6. Bundle Pricing

6. Bundle Pricing

Bundle pricing is a strategy to sell multiple similar products packaged together at reduced price. This is an effective way of moving unsold items that are taking up space, but it can also increase the value perception in the eyes of the customer and increase the average sale value.

Bundle...

57

116 reads

5. Psychology Pricing

5. Psychology Pricing

Psychological pricing is a pricing and marketing strategy based on the theory that certain prices have a psychological impact. Marketers encourage customers to respond on emotional levels rather than logical ones.

For example, setting the price of a watch at $199 is proven to attract more c...

59

175 reads

4. Price Skimming

4. Price Skimming

Price Skimming involves setting prices high while competition is low, during the introductory phase. Prices can then be reduced to stay competitive as competition increases.

56

213 reads

Keep in mind.

Keep in mind.

Make sure overheads are adequately included in the price of products at reasonable sales volumes.

It is much easier to reduce prices in the future than to increase them. Start high and offer temporary discounts.

Keep your pricing system as simple as possible. This will assist with fu...

55

178 reads

CURATED FROM

CURATED BY

paulgoosen

I am on a personal journey to discover myself and to better understand my role in the universe. To live a good life and to be a good husband, parent and provider. Where possible share the knowledge that I collected.

Related collections

More like this

6 common pricing strategies for small businesses (part 1)

  • Cost-plus pricing: You make the product, add a fixed percentage on top of the costs, and sell it for the total.
  • Competitive pricing: It refers to using competitorsโ€™ pricing data as a benchmark and consciously pricing your products below theirs.

stash-superman-illustration

Explore the Worldโ€™s

Best Ideas

200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

Take Your Ideas

Anywhere

Organize your ideas & listen on the go. And with Pro, there are no limits.

Listen on the go

Just press play and we take care of the words.

Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Google Play

samz905

Donโ€™t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

โ€œ

Shankul Varada

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

โ€œ

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

โ€œ

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

โ€œ

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

โ€œ

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

โ€œ

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

โ€œ

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

โ€œ

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Access to 200,000+ ideas

โ€”

Access to the mobile app

โ€”

Unlimited idea saving & library

โ€”

โ€”

Unlimited history

โ€”

โ€”

Unlimited listening to ideas

โ€”

โ€”

Downloading & offline access

โ€”

โ€”

Personalized recommendations

โ€”

โ€”

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates