Best Pricing Strategy For Small Business: Why So Many SMEs Struggle With Pricing? ⌛
So many SMEs struggle with pricing because they think a one-size-fits-all pricing proposition is good enough in the early stages when it’s not. We understand that setting up a business is full of challenges. It needs a huge amount of willpower, patience, time and effort. If…
Unlocking The Potential Of Membership Pricing Strategy In Retail 💳
Retail enterprises, including discount stores, grapple with a significant dilemma — customer spending is diminishing owing to the surge in the cost of living. Consequently, these companies are actively pursuing inventive pricing tactics as a means to reinvigorate their operations. Among the strategies under consideration, one…
What Is The Pricing Strategy Of Airlines? Why Are The Airfares So High? 🛂
With the holiday season nearing, people wonder if airlines will lower ticket prices to create a more festive atmosphere. Yet, various factors indicate this probably won’t happen. Numerous studies predict that airfares will remain expensive in the coming years. In such a costly market, airlines face…
How Value-Based Pricing Drives Expensive Concert Ticket Prices 👩🏻🎤
Price isn’t solely a number; it must embody valuable experiences for customers. Take, for example, concert ticket prices, which often command a premium, yet fans eagerly purchase them for the experience. It’s crucial for businesses to formulate pricing strategies that harness emotional connections and cultivate a…
What Supermarkets Can Do When Their Price Is Too High For Consumers 🧨
In any successful business, the alignment of price, value, and consumer’s ability to pay is paramount. For businesses, especially those selling essential goods like supermarkets, pricing plays a crucial role in ensuring affordability for their target market. It’s essential to strike a balance between offering competitive…
