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Pricing News Daily > 8/13/19

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

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Perfect Price

The Perfect Price AI platform makes millions of pricing decisions for forward-thinking companies around the world. Our cloud-based service allows customers to quickly anticipate and react to changes in demand in real-time – enabling them to maximize revenues, profit, and utilization.

Its machine learning leverages proprietary data – the biggest competitive advantage–to increase average rates, utilization, and profit. Perfect Price works with forward-thinking companies in industries ranging from rental car and airline to sports clubs and gas stations.

Walmart (WMT) to Report Q2 Earnings: Factors You Must Watch | Yahoo Finance

Walmart (WMT) to Report Q2 Earnings: Factors You Must Watch | Yahoo Finance

Omnichannel: A Major Growth Driver Walmart’s second-quarter fiscal 2020 results are likely to gain from its solid omnichannel efforts. To this end, the company’s focus on enhancing merchandise assortments and undertaking store remodeling initiatives bodes well. Also, its compelling pricing strategy is a sales driver. These factors along with Walmart’s strong e-commerce business have been […]

 

Discovery Bank’s complex pricing | Moneyweb

Discovery Bank’s complex pricing | Moneyweb

Discovery Bank’s monthly account fees compare fairly favourably with those of its rivals, especially when one looks at the prices of its bundled offerings. Its bundled Gold account (technically the Discovery Gold Card and Transaction Account) has a monthly account fee of R90, the bundled Platinum account costs R135 per month, and the bundled Black […]

 

30 states allow kWh pricing, but non-Tesla EV drivers mostly miss benefits | Electrek

30 states allow kWh pricing, but non-Tesla EV drivers mostly miss benefits | Electrek

North Carolina is now the 30th state to allow public EV charging companies to offer pricing by the kilowatt-hour (kWh), instead of charging per minute. The change was thanks to bipartisan legislation — House Bill 329, Renewable Energy Amendments — passed by the legislature and signed by Gov. Roy Cooper. The vast majority of Americans now live […]

 

If the Tuition Doesn’t Get You, the Cost of Student Housing Will | Bloomberg

If the Tuition Doesn’t Get You, the Cost of Student Housing Will | Bloomberg

In 2015, Sabrina Martinez got into the University of Texas at Austin, the UT system’s flagship campus and its most selective. She was thrilled. Her parents, not so much. “They were just like ‘Nope. You can’t afford it. You shouldn’t go. Loans are ridiculous.’ ” They encouraged her to go to the cheaper University of […]

 

How to Invest in Self-Storage Real Estate | US News

How to Invest in Self-Storage Real Estate | US News

IN A HOT real estate and stock market, investors may be looking for new and innovative opportunities beyond the high-priced apartment buildings and buildable land. Self-storage facilities have the upside of being “fairly resilient through both economic booms and downturns,” and capitalize on society’s need to accumulate stuff, says Paul Letourneau, manager of commercial loan […]

 

How to create profitable pricing | CMO Australia

How to create profitable pricing | CMO Australia

How do we price goods and services? As business leaders, we have asked ourselves this question since the history of trading. Today, many companies employ people to analyse a multitude of data to determine the best pricing approaches to take. But how successful are these approaches really, and how do we know whether we are leaving […]

 

Bringing transparency to the notion of price transparency | STAT

Bringing transparency to the notion of price transparency | STAT

Health care price transparency is making headlines again. In late July, in accord with a recent presidential executive order, the Centers for Medicare and Medicaid Services issued a proposed rule requiring hospitals to make more price information publicly available. The growing interest in price transparency isn’t limited to one side of the aisle or one […]

 

Cars for sales: Price hikes on new vehicles may finally slow | USA Today

Cars for sales: Price hikes on new vehicles may finally slow | USA Today

Sticker prices on new vehicles are approaching $40,000 as the nation’s SUV craze continues. But relief may finally be in sight. A confluence of factors, ranging from a glut of SUVs to increasing discounts and the slowing market for new vehicles, may be poised to slow the ascent of prices. That doesn’t mean new cars […]

 

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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