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Pricing News Daily > 2/18/15

pricingnews-DailyPricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals.

This Edition is brought to you by:

Wiser

Wiser provides a complete suite of solutions to give retailers, brands, and manufacturers the edge to stay both competitive and most importantly, profitable. Wiser’s flagship product is WisePricer, a full-featured dynamic pricing and merchandising engine that monitors, analyzes and reprices retail products in real-time. WisePricer enables retailers to boost profit margins and revenue, price with confidence, and improve merchandising through powering the development of a sound pricing strategy. Wiser also offers a MAP monitoring solution, WiseMapper, for brands and manufacturers to monitor and protect their pricing across the thousands of retailers selling their products.

Click a link below to learn more…

 

Headlines

Target Agrees To $4M Settlement For Inaccurate Pricing | CBS Minnesota

Target Agrees To $4M Settlement For Inaccurate Pricing | CBS Minnesota

The suit, filed by prosecutors in California, claims Target also misrepresented the weights of products and that it didn’t check the accuracy of its pricescanners. A Target representative says some of the problems stemmed from promotional signs not being removed immediately after a promotion ended. Read complete article here: Target Agrees To $4M Settlement For […]

UPS Hates Coming To Your House, To Begin Tacking On Surcharges For Residential Delivery | Consumerist

UPS Hates Coming To Your House, To Begin Tacking On Surcharges For Residential Delivery | Consumerist

Last week, in advance of its quarterly earnings report, UPS admitted that it over-spent on holiday shipping in 2014 and that it wouldn’t make that mistake again. Today, with those quarterly earnings announced, the company announced how it’s going to make back some of its money — by tacking on surcharges for residential deliveries. The […]

OPEC is waging war on American shale producers | Business Insider

OPEC is waging war on American shale producers | Business Insider

There could be a danger for OPEC if demand for its oil rises in 2015. The price could rebound to a level where US shale production could be revived, starting the whole cycle of a glut in crude all over again. In its Monthly Oil Market Report issued Feb. 9, OPEC said low oil prices […]

Unconventional Pricing for Creatives | Jake Jorgovan

Unconventional Pricing for Creatives | Jake Jorgovan

Both designers are similar, but one works significantly more than the other. How does this happen? The difference is in the pricing. I know this because those two designers are both me. The first designer was me at the start of my freelance career. I was handling my pricing in all the wrong ways and […]

6 Tips to Develop a Competitive Product Pricing Strategy for Ecommerce | Shopify

6 Tips to Develop a Competitive Product Pricing Strategy for Ecommerce | Shopify

Do you know how much your products are worth? How low are you willing to price an item to compete with another ecommerce retailer? With the advent of highly competitive pricing tools, winning the online pricing war can be a lose-lose for ecommerce retailers. Large online retailers like Amazon have an advantage in competitive pricing, […]

Pricing Is Not a Marketing Campaign | Selling Out

Pricing Is Not a Marketing Campaign | Selling Out

Everyone knows that pricing of tickets affects sales, and the main way this is usually observed is when prices drop, ticket sales go up. What does this mean? Why does it work like this? Is it the equivalent of a word-of-mouth marketing campaign that gets people excited and talking about the tickets for sale? Not […]

The Most Important Thing to Know About Pricing For Client Work (Video) | FilmmakerIQ.com

The Most Important Thing to Know About Pricing For Client Work (Video) | FilmmakerIQ.com

In this clip from the CreativeLive class with The Marketing Mentor, Ilise Benun, she explains the best way to set your prices so they align with your business strategy and reflect the value you bring to your clients. Read complete article here: The Most Important Thing to Know About Pricing For Client Work.

Cornell adds fee to fight health care costs | Ithaca Journal

Cornell adds fee to fight health care costs | Ithaca Journal

ITHACA – Those not enrolled in the Cornell University health insurance plan will pay a $350 fee starting in the fall as the university searches for ways to keep pace with rising health care costs. The added health fee charged to those not enrolled in the Cornell Student Health Insurance Plan will augment the current […]

Not so obvious: Consumers don’t just assume bundled products are a better value | Phys.org

Not so obvious: Consumers don’t just assume bundled products are a better value | Phys.org

In one study, consumers were more likely to purchase a coffee maker that came with a milk frother than the coffee maker alone only when it was compared to the same coffee maker without the milk frother. When the bundle was contrasted with the single product, consumers were more likely to notice the add-on and […]

Lorillard sales rise on higher pricing | MarketWatch

Lorillard sales rise on higher pricing | MarketWatch

Lorillard Inc., awaiting approval for its merger with Reynolds American Inc., said sales edged up 1.4% in its fourth quarter as higher pricing offset lower cigarette volume. The Newport maker said its cigarette sales grew 2.4% in the most recent period, despite a 0.9% drop in wholesale cigarette unit volume. Lorillard is in the midst […]

 

This Week in Pricing > 2/15/15

Top Headlines

B2B Pricing: Emotional & Economic Value | OpenView Labs
Ten questions to ask when pricing your product | The Globe and Mail
Facebook adds Craigslist-like features for buying and selling | Mashable
8 Pointers for Setting a Price in Negotiations | Entrepreneur
Evaluating the Merits of Building Negotiating Into Your Prices | Entrepreneur
How To Create An Effective Pricing Strategy That Doesn’t Kill Your Profits | Sales Benchmark Index

 

Events

Webcast: Learn How Iowa Fluid Power Improves Price Realization with SPA | SPA

When: February 18, 2015 2:00 PM Eastern 

Register to attend our webcast where Jim Kaas, President of Iowa Fluid Power, will share their journey to pricing excellence and how they are leveraging science-based strategic pricing tools to improve price realization by identifying price-sensitive products and services. To implement a solution that enhanced profitability, developed pricing […]

Webcast: Stopping Margin Erosion with Pricing Technology | SPA

When: March 11, 2015 2:00 PM Eastern

Register to attend our webcast where Brandon Liebhard, Vice President at Hodell-Natco Industries, will share their journey to pricing excellence and how they are leveraging science-based strategic pricing tools to stop margin erosion by identifying price-sensitive products and services. To implement a solution that enhanced profitability, developed pricing discipline, and […]

Seminar: The Value-based Pricing of Innovation | Stage-Gate International

When: April 14-15, 2015

Where: Washington DC

Are you capturing the value of your innovation? Firms are pouring billions in innovation investments every year with the goal of creating differentiation and competitive products and services. Many, however, forget two critical elements in the innovation management process: the clear definition and measurement of […]

Conference: Manufacturing Pricing Excellence – Barcelona 2015

When: May 20-22, 2015

Where: Barcelona, Spain

Event Overview On behalf of Copperberg and the entire Pricing competence team I am delighted to announce our 3rd Annual Manufacturing Pricing Excellence conference scheduled for 20-22nd of May 2015 in Barcelona, Spain. Since our last edition in Amsterdam, together with our advisory board and delegate network we have been […]

 

Pricing Resources

Explore our archives of valuable pricing resources including:

Pricer’s Points Blog Series

This blog series provides a forum for pricing professionals to share their insights and experience. Our guest bloggers share their knowledge about specific product or industry challenges, geographic complexities, strategies, tactics, and technologies.

Check out some recent additions…

Top Discussions

This blog category offers a collection of top pricing related conversations on LinkedIn or in the comments section of pricing related blogs and articles.

Check out some recent favorites…

Pricing News LinkedIn Group

Join 1,000’s of your peers in the our LinkedIn discussion group. The group offers a place to share the latest pricing strategy and technology, news, events, resources, thought leadership, and discuss the latest pricing related successes and failures in the news.

The following is a daily-dose of pricing cartoons and quotes, enjoy…

 

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“Nowadays people know the price of everything and the value of nothing.”

     – Oscar Wilde

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