Pricing News Daily > 9/28/17

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

The Nokia 8 gets the pricing right, but just how right is it? | BGR

The Nokia 8 gets the pricing right, but just how right is it? | BGR

After a trend of slight overpricing to cash in on the Nokia brand name with its first three products, the Nokia 8 gets the price right. I’m left wondering how and why… Smartphone pricing is perhaps my favorite thing ever (okay, not really), because I usually tend to guess the price right. And even if […]

 

European Central Bank might raise capital requirements for neobanks | Business Insider

European Central Bank might raise capital requirements for neobanks | Business Insider

As neobanks continue to proliferate, regulators around the world are assessing how best to license them. The European Central Bank (ECB) is the latest body to publish its thoughts on the matter, with a draft guide for fintechs thinking of applying for a banking license issued last week. The guide outlines the criteria the ECB will assess an […]

 

Medical innovation has a price: BioNJ Roundtable — Biopharma execs share what’s behind drug pricing | NJBIZ

Medical innovation has a price: BioNJ Roundtable — Biopharma execs share what’s behind drug pricing | NJBIZ

It’s no secret that biopharmaceutical companies have become the target of heavy criticism from politicians and consumers due to high drug prices, especially at a time when health care reform in the U.S. has become a hot-button topic. The topic is especially of interest in New Jersey, given that some of the state’s largest employers […]

 

Prescription drug pricing is totally broken, even for generics—here’s what happened — Quartz

Prescription drug pricing is totally broken, even for generics—here’s what happened — Quartz

Much less attention has been paid to the price of prescription drugs that tens of millions Americans take every day–that is, the 85% of prescriptions that treat common chronic conditions such as high blood pressure, high cholesterol, chronic pain, diabetes, and depression–and are usually generic medications, not brand-name drugs. Generics are the versions of drugs […]

 

Mark Shenton’s Week: Dynamic ticket prices risks leaving angry patrons out of pocket | The Stage

Mark Shenton’s Week: Dynamic ticket prices risks leaving angry patrons out of pocket | The Stage

It has long been the case when travelling by aeroplane, that you could be sitting beside someone who has paid half the price – and of course you will both arrive at your destination at the same time. The exact same thing happens in the theatre, too, in which you could watch exactly the same […]

 

Ticketmaster exec talks politicians, touts and dynamic pricing | Music Ally

Ticketmaster exec talks politicians, touts and dynamic pricing | Music Ally

Ticketmaster’s strategy is a mixture of technology to try to separate fans from touts when making tickets available for pre-sale – this is where Verified Fan comes in – and encouraging artists to try airline-style ‘dynamic pricing’ for at least a portion of their tickets. “If you were on an Easyjet flight together, you wouldn’t […]

 

Best Buy’s Secrets for Thriving in the Amazon Age | The New York Times

Best Buy’s Secrets for Thriving in the Amazon Age | The New York Times

Happy-looking people were huddled around tables filled with the latest gadgets from Microsoft and Apple. The video game aisle was bustling. Blue-shirted employees were helping a customer pick from a glowing wall of flat-screen TVs. There was a line — a line! — at the checkout counter. Many people, myself included, assumed that the entire […]

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BPCL to increase focus on highway segment to arrest diesel market share decline | Economic Times

BPCL to increase focus on highway segment to arrest diesel market share decline | Economic Times

New Delhi: Bharat Petroleum Corporation (BPCL), the country’s second-largest fuel retailer, plans to ramp up focus on the highway retail segment in order to arrest the decline in the company’s diesel market share. Company officials are mulling ways— including strategic pricing, upgraded loyalty programme and changing the look of retail outlets – to bring about […]

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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 […]

 

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

 

DigitalPricingSummit_300x250

Conference: Digital Pricing Summit | IQPC

Pricing transformation through digital disruption.

DIGITAL TRANSFORMATION AND E-COMMERCE | DIGITAL PRICING STRATEGIES FOR B2C | E-COMMERCE PRICING IN THE B2B CONTEXT | VALUE CREATION AND CHANNEL MANAGEMENT | DIGITAL SUBSCRIPTIONS AND PAYMENTS | REVENUE MANAGEMENT & COMMERCIAL EXCELLENCE

  • Understand how digitalisation and online services are changing the future of commerce
  • Develop superior pricing strategies in the highly competitive B2C space
  • Explore how digital transformation and ecommerce are interdependent in the B2B context
  • Value creation, communication, managing partners and channel conflict
  • Leverage margin enhancement in digital subscriptions and leveraging digital payment platforms
  • Identify revenue management and commercial strategies for pricing excellence
  • Learn about setting up ecommerce platforms, subscriptions, data analytics and applications for pricing excellence.


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

“Perhaps the reason price is all your customers care about is because you haven’t given them anything else to care about”

     – Seth Godin

 



 

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