Post by account_disabled on Feb 24, 2024 8:14:03 GMT 1
The the online price war. And thats not what we want. There are simple pricing strategies you can use Price based on value Valuebased pricing also called customerbased pricing consists of setting prices that depend on the value that the customer perceives in the product. Robert Cialdini has written about this in his book Influence. In one study a company was selling a product at too low a price and no one was buying it but the moment they decided to raise the price people started buying it It happened because the price generated an increase in perceived.
value in certain types of consumers. And in principle low prices do not attract the attention of Phone Number List certain customers who think that if the product is very cheap its quality must be inferior. Its like Rolex watches people buy them for social status without caring too much about the price. So when setting your prices you have to look at your customers Who are they What do they expect from your store What motivates them to buy your products As you can see to correctly apply this pricing strategy you need to know your customers well . And the best way to learn about them is by applying onsite analytics that track your visitors purchasing habits.
For example lets say you discover that most of your customers search for paid coupons. to explore what your customers value most about your products. Youll probably find that your visitors are generally looking for deals. Although there are some niche markets such as the luxury goods sector whose customers care less about price. If your data analysis reveals that your customers are not those who are looking for deals you should avoid making them. Price depending on the market This is a very clear strategy according to which prices are those dictated by the market for the.
value in certain types of consumers. And in principle low prices do not attract the attention of Phone Number List certain customers who think that if the product is very cheap its quality must be inferior. Its like Rolex watches people buy them for social status without caring too much about the price. So when setting your prices you have to look at your customers Who are they What do they expect from your store What motivates them to buy your products As you can see to correctly apply this pricing strategy you need to know your customers well . And the best way to learn about them is by applying onsite analytics that track your visitors purchasing habits.
For example lets say you discover that most of your customers search for paid coupons. to explore what your customers value most about your products. Youll probably find that your visitors are generally looking for deals. Although there are some niche markets such as the luxury goods sector whose customers care less about price. If your data analysis reveals that your customers are not those who are looking for deals you should avoid making them. Price depending on the market This is a very clear strategy according to which prices are those dictated by the market for the.