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Pricing News Daily > 7/1/15

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, business owners, creative professionals, and independent contractors.

This Edition is brought to you by: APP-400dpiLogo

 

 

Asia Pricing Professionals

Asia Pricing Professionals (APP) is a not-for-profit community of pricing management practitioners. Our key objective is to raise the profile of pricing management in Asia through:

  • Organizing formal and informal meetings where we discuss the latest trends and challenges in Pricing
  • Sharing industry specific knowledge related to pricing management with interested parties
  • Building a network of industry pricing experts who are easily accessible

Click a link below to learn more…

 

Headlines

Can An Upscale Grocer Succeed In A Downscale World? Pricing Lessons From Whole Foods | Forbes

Can An Upscale Grocer Succeed In A Downscale World? Pricing Lessons From Whole Foods | Forbes

Whole Food recently announced that it was opening a new chain of lower priced stores. The company seems to have come to the conclusion that its strategy of selling “exotic” (to me who is not a member of the millennial generation) foods like kale and quinoa is no longer giving it a competitive edge. Perhaps […]

 

 

Pricing Your Illustration Work | Business of Illustration

Pricing Your Illustration Work | Business of Illustration

Pricing your work is one of the most stressful things to do in the business of illustration. Asking for too much money may cause the client to walk away, but asking for too little will leave a lot of cash on the table that could have been yours. So, how does an illustrator determine an […]

 

Value-Based Pricing: A Smarter Way to Set Freelance Writing Rates | The Write Life

Value-Based Pricing: A Smarter Way to Set Freelance Writing Rates | The Write Life

Who’d hire a writer at $300 an hour? That sounds like what you’d pay a plumber to fix your hot water tank on a holiday, after midnight! In reality, a writer with the right experience, skills and knowledge can create a brilliant article in one hour that perfectly matches the client’s content marketing strategy. The […]

 

Govt may cap orthopaedic implant prices | The Times of India

Govt may cap orthopaedic implant prices | The Times of India

MUMBAI: Soon, there may be ceiling prices, fixed by the government, on orthopaedic implants. Alarmed with the sharp spike in prices of orthopaedic implants, drug pricing regulator National Pharmaceutical Pricing Authority (NPPA) has directed manufacturers — such as Johnson & Johnson (J&J), Zimmer and Stryker — to submit details of production and pricing of their […]

 

How, and Why, to Raise Your Fees | ThinkAdvisor

How, and Why, to Raise Your Fees | ThinkAdvisor

Once you have analyzed your costs and determined what your competitors are charging for comparable services, then you can start developing your own pricing strategy. Generally, the process begins with a segmentation plan. Segmentation is not about rationing service, but rather about understanding the cost of the services you deliver for a price. For example, […]

 

Consultant’s Corner: Planning a Price Increase | GoSmallBiz

Consultant’s Corner: Planning a Price Increase | GoSmallBiz

Question: I’d like to re-evaluate my pricing schedule, but I am not sure how much to increase my prices. Where can I get a start on understanding the pricing game? Competitive prices are critical in order to maintain customers and market share; however, you still need to maintain adequate profit margins and profitability. We do […]

 

Are department store prices phony? | RetailWire

Are department store prices phony? | RetailWire

Through a special arrangement, what follows is an excerpt of an article from Retail Dive, an e-newsletter and website providing a 60-second bird’s eye view of the latest retail news and trends. For many purchases, it’s hard to know what the fair price is. That’s in part because of the constant barrage of sales, but […]

 

Navigating the Pricing Waters | NRF

Navigating the Pricing Waters | NRF

What’s needed is a pricing strategy and tactics to back it up. These days, the only way to achieve that kind of optimization is through automation. More than half of retailers surveyed last year have plans to implement automation in their pricing optimization strategy. In 2013, 36 percent planned the same move; in 2015, the number […]

 

Four ways to raise your rates without resistance | Client Attraction Business School

Four ways to raise your rates without resistance | Client Attraction Business School

How do you know when it’s time to raise your rates? I found the best system was to raise my rates as my business started to fill. Once your company is growing and you are in high demand, it’s easier (and feels safer) to raise your rates. 1) Test your pricing on new clients I […]

 

 

Looking for news related to Pricing Psychology?

Search through our ever growing database of top pricing articles on Pricing Psychology. You can also find the latest on other “Hot Topics” in the news via the drop down list added under the “News” navigation menu. Examples of the latest follows… Think of Pricing as One Element of Persuasion (Video) | Inc.com Valerie Casey, founder […]

This Week in Pricing > 6/27/15

Headlines
How to Win a Price War | MIT Sloan Management Review

5 Psychological Tips That Will Improve Your Product Pricing | Kissmetrics

Discount-mania: Are the days of charging full price over? | Retail Dive

Transformed by the Power of Pricing | bcg.perspectivesart

Analysts: Latest Sprint Promo Is Bad for Everyone | Wireless Week

…and more

Webcast: Improving Margins Through a More Strategic Approach to Pricing | SPA

When: July 15 2015 2:00 PM Eastern

Register to attend our webcast where a SPA client will share their journey to pricing excellence and how they are leveraging science-based strategic pricing tools to improve margins through a more strategic approach to pricing. To implement a solution that enhanced profitability, developed pricing discipline, and removed emotion from the […]

Webcast: Increasing Prices and Margins Without Sacrificing Sales Volume | SPA

When: August 12 2015 2:00 PM Eastern

Register to attend our webcast where a SPA client will share their journey to pricing excellence and how they are leveraging science-based strategic pricing tools to increase prices and margins without sacrificing sales volume. To implement a solution that enhanced profitability, developed pricing discipline, and removed emotion from the pricing […]

Webcast: How to Change the Pricing Culture in Your Company | SPA

When: September 23 2015 2:00 PM Eastern

Register to attend our webcast where a SPA client will share their journey to pricing excellence and how they are leveraging science-based strategic pricing tools to change the pricing culture in their company. To implement a solution that enhanced profitability, developed pricing discipline, and removed emotion from the pricing […]


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

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“There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man’s lawful prey.”

     – John Ruskin

 

Pricing Resources

Explore our archives of valuable pricing resources including:

First Asia Pricing Professionals Networking Tour | Asia Pricing Professionals

As President of Asia Pricing Professionals (APP), it brings me great pleasure to announce that we will soon embark on a short Networking Tour of South East Asia. It is something we have been planning on doing for a while and something we are very excited about. … These networking events will be a great […]

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.

 

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