Whether you are a beginner or an experienced seller, setting the right purchase price is always challenging. If you define your prices too high, customers will turn their back to you, and if your prices are too low, you are not going to see much...
Regardless of the product, service, or industry type, pricing strategy is definitely one of the most important parts of any business. Pricing is never easy to get right, for both larger and smaller companies. The market became very dynamic and everything that once was a profitable...
Customers are very sensitive to price changes. People’s spending habits are limited by their budgets. And any price change can affect and change them. Because of this, the demand for some products will change due to the price changes (up or down). This is known as the price...
In every store, you see signs that say “Buy one get one free”, “Buy this product and get a discount for that product”. The situation is the same at the fast-food restaurant “Buy meal deal, save $3”. Everywhere you look there are special offers, discounts...
It is a very common mistake to think that dynamic pricing and price discrimination are the same thing. But they are not. The difference between the two is what they are based on. Dynamic pricing is based on market conditions at that given moment and on...
The importance of using the right pricing strategy has been accepted by many companies. A 1-percent price increase or decrease will influence the results in terms of profit. Therefore, thousands of pricing decisions are made by different companies in every year - in order to...
Over the last 2 decades, well-managed companies realized the significant role of pricing. The right pricing strategy is the fastest and most effective weapon for managers in order to increase profits and drive company performance. A pricing process can be difficult, especially in such a competitive...
Automated repricing is a very appealing feature to many online merchants. It is attractive and popular among retailers because it seemingly makes price change process fully automated. However, behind that appeal there is a big controversy, and we'll try to shed some light on it...
If you're using our Pricing strategy wizard, there is a new feature you should check out. So far, pricing opportunities were suggesting only products that were available. However, since Price2Spy is a tool used by hundreds and hundreds of clients, not all of them use...