Pricing News Daily > 8/4/17

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.

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Strategic Pricing Solutions

Strategic Pricing Solutions, LLC (SPS) is a management consulting firm helping clients with pricing strategies, data analytics, and pricing processes. SPS was formed by Scott Francis in 2005 with a vision of enabling B2B clients to build sustainable strategic pricing capability to significantly improve their profitability. By providing flexibility in how we serve our customers, SPS consulting enables clients to build sustainable strategic pricing capability and continuous improvement in profitability through better pricing decisions.

Click a link below to learn more…

 

Headlines

Uber drivers work together to create price surge and charge customers more, researchers find | The Independent

Uber drivers work together to create price surge and charge customers more, researchers find | The Independent

Uber drivers are deliberately going offline in unison so that prices surge and they can charge customers more when they log back into the app, according to new research. Uber’s so-called dynamic pricing model means that it responds to supply and demand, increasing the cost of a trip at busy times such as when bars […]

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Is Dynamic Pricing the Silver Bullet for C-stores? | Convenience Store News

Is Dynamic Pricing the Silver Bullet for C-stores? | Convenience Store News

The retail environment for convenience stores has never been more challenging and the list of influences that can negatively impact profitability is growing. Although convenience stores are known for providing speed and convenience, today’s shoppers are more price-sensitive, have complete price transparency, and are becoming more resistant to paying a premium price. According to Nielsen, […]

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Will new iPhones make Apple Inc the first $1 trillion company? | Financial Post

Will new iPhones make Apple Inc the first $1 trillion company? | Financial Post

Even though an iPhone ‘super cycle’ has attracted a lot of attention, Hall believes that analysts’ forecasts still fail to capture the size of the likely replacement cycle – assuming Apple delivers a compelling product this year. His revised price target of US$176 per share (up from US$165) reflect both higher volumes and a materially […]

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Burning Man hiring help to facilitate raising big bucks | San Francisco Chronicle

Burning Man hiring help to facilitate raising big bucks | San Francisco Chronicle

A GoFundMe campaign seeking contributions raised $500,000 in one day, a much higher amount than was foreseen, reports the Poynter Institute. Snopes managing editor Brooke Binkowski was “stunned and humbled” by the response. Tickets for Giants games may be going for a song, but parking is still going for an aria. Gary Tobin noticed that […]

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Spirit Airlines’ Return to Unit Revenue Growth Looks Short-Lived | The Motley Fool

Spirit Airlines’ Return to Unit Revenue Growth Looks Short-Lived | The Motley Fool

The long-awaited return to unit revenue growth won’t last The revenue story for the quarter mostly played out as expected, as Spirit continued to make progress with revenue-boosting initiatives including dynamic pricing of seats, and benefited from trends in fare pricing. Fornaro noted that this was the first time in two-and-a-half years that either passenger […]

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Selling Your Home? Strategies for Estimating Its Value | ZING Blog by Quicken Loans

Selling Your Home? Strategies for Estimating Its Value | ZING Blog by Quicken Loans

If you’re looking at selling your home, it’s a really good time to do so. We’re on an upward swing in terms of property value. Home value is definitely a key consideration, though. If you price your home too high, buyers who are looking at a lot of homes won’t bite. If you price too […]

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Business Toolbox: Setting a Price | Tire Review Magazine

Business Toolbox: Setting a Price | Tire Review Magazine

Establishing price is based on three things: 1) Your costs 2) The profit you hope to make 3) The price your customers are willing to pay Assessing that final component can be daunting, but you should try to gather clues about how customers perceive your products and services – and your dealership as a whole. […]

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FireEye Looks To Revamp Pricing, Go-To-Market Strategy With Partners – Page: 1 | CRN

FireEye Looks To Revamp Pricing, Go-To-Market Strategy With Partners – Page: 1 | CRN

FireEye is entering the second phase of its company transformation, looking to revamp its pricing and go-to-market strategy to appeal to a broader set of customers. … Mandia said FireEye would be looking to undergo a holistic pricing review over the next 11 to 12 weeks, working both with external consultants and inside employees. He […]

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Featured Content and Events

Book: 8 Keys to Price Optimization

Book: 8 Keys to Price Optimization

Summary: Price optimization enables companies to move beyond cost-plus pricing and determine the range of prices that could be charged for a variety of customers and products. Price optimization can increase current operating income by 1 to 4% of sales, which in many cases will translate into a 20 to 50% increase in operating income. The most sophisticated […]

 

IQPC RPO Chicago 2017 300x250 Ad

Conference: Pricing & Revenue Optimization Executive Forum 2017 | IQPC

Date: August 23-24, 2017

Location: Chicago, IL

Blending Art and Science to Spark the Next Pricing Evolution – A More Meaningful Way for Qualified Senior Pricing Leaders to Share Strategic Insights

A Series of Facilitated Executive Roundtables for the Senior Pricing Professional

Bringing together a roster of master innovators in the pricing space, the inaugural Pricing and Revenue Optimization Executive Forum offers a rare opportunity to step outside the myopia of your day-to-day.

After extensive surveys of pricing leaders across multiple industries, we’ve created a program around the imminent challenges that you’re tackling now.

It will get intense. Maybe even a bit heated. But either way you’ll walk away with a more expansive outlook on how to optimize your margins.

 

Conference: 28th Annual Fall Pricing Workshops & Conference | PPS

Conference: 28th Annual Fall Pricing Workshops & Conference | PPS

Date: October 24-27, 2017

Location: Hilton San Diego Bayfront in San Diego, California

Hear from our President, Kevin Mitchell, give insight on the conferences we offer.  Please make plans to join us and well over 500 of your peers for the best event anywhere as we discuss Data, Change Management and the Profit Landscape. Don’t miss out on the Early Bird Discount (Buy 2 Get 1 Free). It expires September 15th!

CONFERENCE HIGHLIGHTS

  • 12 Certified Pricing Professional Workshops
  • 4 Breakout Tracks
  • Over 40 Speakers
  • 2 Full Conference Days
  • Over 100 Hours of Networking

 


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

“You can determine the strength of a business over time by the amount of agony they go through in raising prices.”

     – Warren Buffett

 

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