Cost Plus Pricing: How to Use Cost Based Pricing In Marketing 🌺
Cost-plus pricing or cost-based pricing – a fixed sum or a percentage of the total cost of creating a product is added to its selling price. In the pricing and revenue management community, the term cost-plus pricing has increasingly come to have a very negative…
Making a Strategic Plan for Business To Improve Your Pricing 🏉
Sometimes making a strategic plan for business to improve pricing can be difficult. Is the plan right or wrong? How do you know if prior to this point capability in pricing has been low? For example, you may have constructed a great business strategy and…
Tiered Pricing vs Volume Pricing: Which One is Ideal For Your Business? 🔊
Tiered pricing vs volume pricing: Which one is the best option for your business? Many businesses concentrate on protecting their margin during a downturn, and ultimately, their profitability by focusing on cost reductions, improving efficiency and output via improving procurement and stock inventory management. However,…
How to Price an App: Creating a Profitable and Scalable Mobile App Business 📱
Do you know how to price an app? Do you price your app based on assumptions i.e., how much you think it’s worth? Or does your app pricing give you profitability and scalability? These days, mobile apps are more than just a fad. They serve…
What Role Does Price Play In The Consumer Buying Decision Process? 🍱
What role does price play in the consumer buying decision process? What runs through your mind when you’re trying to purchase something in the store? Like when you’re deciding to buy a dress, trousers, shoes, or even simple stuff, like a loaf of bread from…
