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Pricing News Daily > 8/9/18

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:

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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…

 

Headlines

Eight Psychological Pricing Techniques to Test on Your E-Commerce Store | MarTechSeries

Eight Psychological Pricing Techniques to Test on Your E-Commerce Store | MarTechSeries

Psychological Pricing Is a Strategy Which Is Based on the Idea That Prices of Certain Products Create a Greater Psychological Impact in the Mind of a Consumer. Pricing Strategies Are Important Components of Growing Your E-Commerce Business and Increasing ROI Warren Buffett had quipped, “The single most important decision in evaluating a business is pricing […]

 

Impact of cost of programming on Pay-Tv pricing | Vanguard News

Impact of cost of programming on Pay-Tv pricing | Vanguard News

A little over three years ago, I was one of many Nigerians fuming at the upward price reviews made by MultiChoice, the leading Pay TV operator in the country. I believed, like many others, that the prices being charged for the service were extortionate. Explanations by the company that it had no option than to […]

 

Surgical price transparency tied to improved volume, revenue | Medical Press

Surgical price transparency tied to improved volume, revenue | Medical Press

(HealthDay)—Ambulatory surgery centers experience increases in patient volume, patient satisfaction, and revenue after adopting price transparency, according to a study published recently in The American Surgeon. Ambar Mehta, M.D., from Johns Hopkins University in Baltimore, and colleagues used data from six ambulatory surgery centers to characterize the impact of price transparency on a surgery center’s […]

 

MoviePass slashes plan to three movies per month | engadget

MoviePass slashes plan to three movies per month | engadget

After borrowing emergency funds to keep the lights on and toying with a price increase, MoviePass is trying to stave off the Grim Reaper by limiting how many movies you can see each month. You won’t be able to see a movie every day with your plan after August 15th. Instead, you can only grab […]

 

Algorithms feeding unsustainable price cuts online | Retail Dive

Algorithms feeding unsustainable price cuts online | Retail Dive

While consumers and sellers alike may think that Amazon itself is driving price competition, it’s now often third-party marketplace sellers, on Amazon and Walmart, that initiate price-based skirmishes, according to the report. Dynamic pricing algorithms have enabled retailers to detect every online price change, including temporary promotions, and that’s, “leading to race-to-the-bottom behavior and permanent drops […]

 

CSX profit tops Wall St target on cost cuts, pricing power | Reuters

CSX profit tops Wall St target on cost cuts, pricing power | Reuters

(Reuters) – CSX Corp (CSX.O) on Tuesday posted quarterly profit that topped Wall Street’s target, as the No. 3 U.S. railroad operator benefited from an ongoing cost-cutting drive and rising prices for carrying freight. CSX shares gained 3.2 percent to $66.50 in extended trading after the company also raised its 2018 revenue forecast, citing strength […]

 

Discrimination based on driver bias remains a major issue for Uber, Lyft and other ridesharing services | news wise

Discrimination based on driver bias remains a major issue for Uber, Lyft and other ridesharing services | news wise

They looked at dynamic pricing and if the incentives offered by higher prices can reduce the extent of such bias. Their findings suggest that may be necessary for ridesharing platforms to adopt a dynamic fee structure that incentivizes drivers to accept rides from social groups or in specific areas of cities that are traditionally underserved. Mejia and […]

 

MoviePass had everything going for it—except economics | Quartz

MoviePass had everything going for it—except economics | Quartz

In March, MoviePass started asking members to take pictures of their ticket stubs so it knew they weren’t giving away the tickets. Members were then barred from seeing titles more than once. MoviePass introduced surge pricing next. And the app later blocked access to blockbusters altogether. Now, the company is planning to raise prices. Customers […]

 

Events and Resources

Conference: Asia Pricing & Commercial Excellence Summit 2018 | IQPC

Date: August 14-15 2018

Location: Novotel Singapore on Stevens, Singapore

With expansive global competition and today’s consumers readily disrupting traditional pricing and revenue management methods, it is vital for pricing strategists to understand changing perceptions of value, evolving customer behaviours and the new demands of an omni-channel operating environment.

How can Asia’s pricing and commercial leaders achieve commercial excellence with outstanding pricing and revenue management strategies? How can organisations harness new-age pricing tools such as pricing analytics and pricing automation to win, retain and convert customers?

Join the 4th edition of our Asia Pricing & Commercial Excellence Summit this August to gain valuable B2B and B2C insights on how Asia’s business leaders can continue to innovate and optimise their pricing strategies to drive the next phase of business growth.

 

Fall Pricing Workshops & Conference | PPS

Date: October 23-26, 2018

Location: Renaissance Dallas Addison Hotel in Addison, TX

Please make plans to join us and well over 450 of your peers for the best event anywhere. We will be in Dallas, TX,October 23-26, 2018.

Don’t miss out on the Early Bird Discount (When 2 people from the same firm register at the same time (item of equal or lesser value), the 3rd registrant can attend FREE of charge). Offer expires September 14th!

14th Annual PPS European & Global Pricing Conference & Workshops | PPS

Date: November 28-30, 2018

Location: Mövenpick Hotel Amsterdam City Centre in Amsterdam, Netherlands

The Professional Pricing Society team and I are very proud to announce that we will be returning to Amsterdam for our next great event – The 14th Annual PPS European & Global Pricing Conference & Workshops held 28-30 November.

Conference keynotes, breakout sessions, and networking opportunities highlight the conference day on 30 November; While 28-29 November will be used for workshop days to help you enhance your pricing knowledge.

 

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.

 

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.

 

Pricing News LinkedIn Group

Join over 5,000 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.

 

Pricing Resources

Explore our collection of valuable pricing resources including:

 

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

 

 

“Pricing decisions are not easy to make; they are often inherently ‘soft’.”

     – William E. Johnson

 

 

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