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Pricing News Daily > 7/11/19

PND is a digest of pricing focused news, thought leadership, events, training and certification resources for pricing professionals.

This Edition is brought to you by:

Professional Pricing Society

Currently, PPS produces three major annual pricing conferences in Europe and North America. Each conference also houses a technology hall where sponsors display the latest in Pricing Solutions software. PPS also offers more than two dozen, full-day training workshops every year, taught by leaders in the pricing community. These workshops serve as the foundation for PPS’s Certified Pricing Professional (CPP) designation, our state of the art pricing certification program. Candidates may be certified after mastering a multi-stage curriculum followed by rigorous testing. Successful CPPs have acquired the core knowledge which not only places them in the top rungs of the pricing field, but also gives them the tools to enhance substantially their own careers.

Click a link below to learn more…

 

Perfecting Your Amazon Prime Day Strategy from Start to Finish | MarTechSeries

Perfecting Your Amazon Prime Day Strategy from Start to Finish | MarTechSeries

What to do DURING Prime Day It might sound nice to sit back and watch the action of Prime Day rollout, but unfortunately, products don’t sell themselves. The marketplace is too competitive to let listings be without adjusting them throughout the days based on consumer activity. Monitor competitors’ prices at each hour to ensure price […]

 

Price Transparency Can Improve Ambulance Rides and Save You Money | IWF

Price Transparency Can Improve Ambulance Rides and Save You Money | IWF

No one wants to find themselves dialing 911. Unfortunately, life takes unexpected turns and having emergency responders is something to be thankful for. That being said, ambulance rides are notoriously expensive, and not always medically necessary. Because specific internal paperwork, third-party preferences in hospital, and lack of competition, people in emergency situations are often left […]

 

Attorney General’s Office offering aid to victims of price gouging | 23ABC News

Attorney General’s Office offering aid to victims of price gouging | 23ABC News

Whenever there is a natural disaster affecting our neighbors, people continue to prove that they will come out to help in the worst situations. That has been proven here in Kern County following the devestating quakes that hit the Ridgecrest, Trona areas. Unfortunately, there will always be those who will try to take advantage of […]

 

Judge axes price disclosure rule for drug ads | Modern Healthcare

Judge axes price disclosure rule for drug ads | Modern Healthcare

The Trump administration cannot force drug manufacturers to disclose prices in their pharmaceutical ads to consumers, a federal judge ruled Monday. U.S. District Judge Amit Mehta said HHS didn’t have the authority to require drugmakers to publish list prices, a blow to the administration’s strategy to curb pharmaceutical costs. The agency hoped the final rule […]

 

Job: Principle Pricing Analyst | Worldpay

Job: Principle Pricing Analyst | Worldpay

Description Principle Pricing Analyst The Company Worldpay is a global payments leader powering international commerce with deep fintech expertise and a shared passion for our customers. Whether in-store, online, or on a mobile device, we process over 40 billion transactions annually and offer more than 300 payment methods supporting 126 currencies across 146 countries. It’s […]

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Marriott facing lawsuit over ‘deceptive’ resort fees that allegedly harm consumers | MarketWatch

Marriott facing lawsuit over ‘deceptive’ resort fees that allegedly harm consumers | MarketWatch

The District of Columbia has sued Marriott International, alleging that the hotel company violated consumer protection laws for at least a decade by charging resort fees that it doesn’t disclose upfront to its customers. The lawsuit, filed by D.C. Attorney General Karl Racine in the Superior Court of the District of Columbia, claims that Marriott […]

 

Scrapped electricity fee was planned to bridge pricing gap: City Power | Herald LIVE

Scrapped electricity fee was planned to bridge pricing gap: City Power | Herald LIVE

The fixed surcharge on prepaid electricity which the City of Johannesburg scrapped on Tuesday was supposed to bring an equilibrium between prepaid and conventional tariffs. That is what City Power spokesperson Isaac Mangena said in a statement on Tuesday. “The gap between prepaid tariff and conventional tariff is caused by basic charges levied on conventional […]

 

Why Luxury Home Pricing Is Critical When Listing For Sale | MortgageRealty

Why Luxury Home Pricing Is Critical When Listing For Sale | MortgageRealty

Luxury homes have an even higher standard when it comes to getting sold since the marketplace of buyers is already smaller than it is for non-luxury homes. With fewer buyers that means luxury home sellers need to be on top of their game when it comes to presenting the home for sale. Pricing is one […]

Webinar (On-demand): Successful Price Increases using Market Insights | PriceBeam

Digitalization is everywhere of course. But whereas some industries are 100% digital from birth, others are still transforming from traditional consumer or industrial products to more of a digital service industry. Regardless of where your industry and company is on the digitalization path, pricing practices are severely impacted. Digitalization means increased transparency, more information,  as well as internationalization of buying and selling, but also new opportunities for value-adding and new services that can be offered and monetized.

Participants and viewers of the webinar will learn about:

  • What trends in digitalization mean for pricing.
  • Avoiding (some) pricing pitfalls when digitalizing existing offerings
  • Using digital insights to better understand opportunities
  • How to predict optimal prices for digital services using market research

The webinar will be available from the end of May 31st, 2019. If you have already signed up you will receive a link by the end of this date. Otherwise, sign up on the right and receive a link by email to view the recording.

 

 

Webinar (On-demand): Setting the Right Price on New Products or Services | PriceBeam

In this webinar PriceBeam co-founder and Chairman, Finn Hansen, together with The Pricing Coach, Mark Peacock walk viewers through various challenges around the pricing of new products or services.

This on-demand webinar covers:

  • Common challenges when creating new products or services
  • How pricing should play a more prominent role in the innovation process
  • The various steps of product development and how pricing can add value at each step
  • Different types of price research that can improve the value of the new product
  • Psychological pricing tactics to improve the introduction of the new product or service.

 

Webinar (On-Demand): Using AI To Get C-suite Attention For Pricing | Perfect Price and PPS

Pricing is high impact, but are you getting the attention you deserve? In any enterprise environment, the struggle for attention and resources is always an issue. As a pricing professional, how can you get c-suite attention for prioritizing pricing initiatives and allocating budget?

Aligning yourself with your company’s digital transformation initiatives is a great way to move pricing into the fold as a key driver. In particular, focusing on disruptive technologies like Cloud Technologies, AI, Machine Learning, and Decision Automation, can help to spark executive interest.

By choosing an AI vendor over other pre-internet vendors you’ll find more approachable budgets and rapid implementation timelines, which will aid immensely in getting executive buy-in. AI-based pricing tools, like Perfect Price, have measurable ROI and are proven to simulate pricing better than other technologies.

 

 

30th Annual Fall Conference & Workshops October 15-18, 2019 | PPS

We are excited to announce we’ll be in Las Vegas, NV for our 30th Annual Fall Pricing Conference & Workshops October 15-18, 2019! You can register now and take advantage of our Early Bird Offer.

 

15th Annual European and Global Pricing Workshops & Conference November 27-29, 2019 in Berlin, Germany | PPS

We are excited to announce we’ll be in Berlin, Germany for our 15th Annual European and Global Pricing Workshops & Conference to be held November 27-29, 2019!

 

“The single most important decision in evaluating a business is pricing power,” Buffett told the Financial Crisis Inquiry Commission in an interview…

“If you’ve got the power to raise prices without losing business to a competitor, you’ve got a very good business. And if you have to have a prayer session before raising the price by 10 percent, then you’ve got a terrible business.”

     – Warren Buffett

 

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