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Tag Archives: pricing strategy
1 Cent No More: Will You Need to Change Prices in Your Online Store?
The U.S. penny is on its way out. After more than a century in circulation, the 1-cent coin is being phased out due to rising production costs and the increasing dominance of digital payments. While the change might seem simple … Continue reading
Posted in E-commerce, Marketing, Technology in the News
Tagged digital payments, e-commerce, ecommerce pricing strategy, end of the penny, marketing strategy, online store, online store pricing, outdated, penny discontinued, penny phase out, pricing strategy, psychological appeal, psychology
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How to Craft an Effective Pricing Strategy
A well-executed pricing strategy is the cornerstone of any successful business. It directly impacts your revenue, profit margins, and overall brand perception. Here’s a step-by-step guide to help you develop a pricing strategy that maximizes your business potential. 1. Understand … Continue reading
Posted in Business
Tagged a/b testing, brand image, branding, break-even point, bundle pricing, competition-based pricing, competitive prices, competitor pricing, cost-based pricing, customer loyalty, dynamic-pricing, fixed costs, identify trends, large market share, long-term goals, market penetration, market skimming, odd-even pricing, optimize revenue, premium prices, prestige pricing, pricing, pricing objectives, pricing strategy, profit margins, profit maximization, psychological pricing, survival pricing, target market, tiered pricing, track sales, unique selling proposition, usp, value-based pricing, variable costs
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