Pricing your products can be challenging. You want to account for production costs, use price points that customers can afford, and generate enough revenue to continue operations.
Outside of business-specific factors, you also want to ensure that your prices are competitive. Low costs will attract customers but generate less revenue, and higher prices will send consumers to your competitors. Overall, what you’re looking for when making these decisions is a pricing strategy.
There are a variety of different models to use, but, as mentioned above, it’s essential to understand what is trending amongst your competitors. In this post, we’ll go
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This post was originally published on this site
By: Sales Roadmap
Title: 6 Pricing Trends to Consider When Valuating Your Product
Sourced From: salesroadmaps.com/6-pricing-trends-to-consider-when-valuating-your-product/
Published Date: Tue, 23 Feb 2021 12:30:00 +0000
source https://salesroadmaps.com/6-pricing-trends-to-consider-when-valuating-your-product/
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