OnDemand WTP Pricing Research

Pricing News Daily > 7/24/19

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:

Value Innoruption Advisors

Founded by Dr. Stephan Liozu, Value Innoruption Advisors provides training and consulting resources for organizations interested in embedding value-based methodologies in their go-to-market strategies related to innovation, marketing, pricing, and sales. Value Innoruption Advisors offers two popular value and pricing management certification programs – Customer Value Modelers™ (CVM™) and Change Agent in Pricing™ (CAP™).

Click a link below to learn more…

Job: Pricing Manager | Dollar General Corporation

Job: Pricing Manager | Dollar General Corporation

Description Dollar General (NYSE: DG) is a Fortune 200 company with more than 15,400 retail locations in 44 states, 16 distribution centers and 135,000 employees that embody our mission of Serving Others each and every day. We work in an energetic atmosphere that embraces innovation, diversity and teamwork, all while keeping our customers and communities […]

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Sorry Folks, AMD RX Pricing Drop Didn’t Sucker NVIDIA Into Anything | Futurum

Sorry Folks, AMD RX Pricing Drop Didn’t Sucker NVIDIA Into Anything | Futurum

What Happened: Recent media speculation, specifically an article featured on Tech Spot, has made claims that AMD orchestrated a strategic move on NVIDIA, forcing the company to cut prices on their new RTX 2060 and 2070 Supers.  The thesis of the article is built on a brief history of events starting with when AMD launched […]

 

Why dynamic and personalized pricing strategies haven’t taken over retail — yet | Retail Dive

Why dynamic and personalized pricing strategies haven’t taken over retail — yet | Retail Dive

All the way back in 2000, when Amazon was mostly an online book and media store, it experimented with charging different prices to individual customers for the same DVDs. The customer response was so swift and negative that, nearly 20 years later, the e-tailer still avoids the practice. Customers caught Amazon treating them differently, and […]

 

Molson Coors: Pricing Power And Dividend Increase Make It A Top Consumer Staples Stock | Modest Money

Molson Coors: Pricing Power And Dividend Increase Make It A Top Consumer Staples Stock | Modest Money

While volumes were an issue companywide, Molson Coors was very effective at passing along higher prices, which help offset volume declines. For example, U.S. net sales increased 3.7% despite a 3.8% decline in volumes. Revenue for Canada improved 1.9% in constant currency even as brand volumes were down 6%. Net income improved more than 8% […]

 

American Express to Refund $1.6 Million After Foreign-Exchange Pricing Probe | WSJ

American Express to Refund $1.6 Million After Foreign-Exchange Pricing Probe | WSJ

American Express Co. AXP -0.65% is terminating foreign-exchange employees and refunding money to nearly 200 customers after it found salespeople misrepresented pricing to customers. The company on Tuesday began mailing out reimbursements totaling about $1.6 million to forex customers, an AmEx spokeswoman said. It also terminated 10 employees in the foreign-exchange international payments department and […]

 

Netflix launches mobile-only streaming plan in India for less than $3 per month | The Verge

Netflix is launching a mobile-only version of its streaming service in India today. The lower-priced plan will cost Rs 199 ($2.80) per month, and it’s restricted to a single mobile device with standard 480p streams. While the new tier is only launching in India today, Netflix has hinted it would test the service in select […]

 

Why the NDIS needs a pricing shake up | PBA

Why the NDIS needs a pricing shake up | PBA

Researchers at the Centre for Social Impact (CSI) believe the scheme’s approach to price setting is too centralised and detached from the realities of service delivery. NDIS providers have long argued that the main challenge for the sector was unrealistic pricing limits – which set the maximum prices that providers can charge participants for specific […]

 

Canadian wireless pricing some of the highest in the developed world: report | Daily Hive Vancouver

Canadian wireless pricing some of the highest in the developed world: report | Daily Hive Vancouver

It’s no secret that Canadians pay far too much for wireless data. It’s recently gotten so bad that a number of Canadian telecom giants have been going head to head trying to offer customers cheap(er) data plans and device financing options. But how does Canada’s wireless pricing compare to the rest of the world? A new […]

 
 

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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