The world’s worst pricing model is also one of the world’s most popular. It is cost-plus. I’m talking about anything where the price is based on a mark-up applied to costs. Notice that this includes all professional service providers who charge hourly or daily rates! Cost-plus pricing has many apparent advantages. It is simple to use, […]
“How do you price your good or service? It’s one of those questions that you have to have an answer for on day one. And you really, really want to get the right answer,” says John Henry, entrepreneur, venture capitalist and host of eBay’s Open for Business Podcast. “It all starts back in 2008 when […]
It’s about YOUR hourly rate The only number I am concerned with at my business is my hourly rate. By knowing my costs, I can utilize my time and effort attracting the type of clientele that I know can afford my service. I don’t necessarily want to be the cheapest price; I want to be […]
Whether you’re a new business launching your first ever product or service, or simply adding a new addition to your range of products or services, pricing is one of the most crucial aspects. It closely ties in with your production and marketing, which helps determine the price you need to set. The right price can […]
The “Pricer’s Points” 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. This Edition is Sponsored by: Wiser Wiser provides a complete suite of solutions to give retailers, brands, and manufacturers the edge to […]
Pricing 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. This Edition is Sponsored by: Wiser Wiser provides a complete suite of solutions to give retailers, brands, and manufacturers the edge to stay both competitive and most […]
Last week, we took a look at the most-oft used pricing strategy – competitive pricing – the act of glancing at your neighbors’ tables at the farmers’ market and pegging your price to something comparable. As we discussed, this strategy leaves much to be desired, mainly because you’re using someone else’s factors to influence one of […]
Whenever I get a chance, I always tell people not to base pricing on cost. Even Bart Simpson above is conveying the same message. However much of the pricing we are facing is cost based pricing. The most apparent when living in Asia is out everyday visit to the food courts. Last week I was […]
Pricing 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. Today’s Headlines Uber’s Brilliant Strategy to Make Itself Too Big to Ban | WIRED Uber wants to grow as quickly it can, and right now, it’s chasing […]
Pricing 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. Today’s Headlines Is There Ever a Good Time to Sell a Price Increase? | The Sales Hunter Price increases are a part of the selling industry, as […]
This Week in Pricing > 10/21/17
This Week in Pricing is a recap of the week’s best pricing focused news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals. This Edition is brought to you by: Professional Pricing Society Currently, PPS produces three major annual pricing conferences in Europe and North America. Each […]
Pricing 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: Professional Pricing Society Currently, PPS produces three major annual pricing conferences […]
Webcast: Boost Profitability with Better Contract Management | SPA
Contracts often play a vital role in a company’s profitability by representing millions in gross revenue. However, contracts can be challenging to manage and fully understand across the business. Do you find yourself asking questions like: – Am I spending too much time and resources managing contracts? – Am I losing margins due to expired […]
A Different Take On Springsteen On Broadway | New Jersey Stage
As a music fan, Lynch never imagined he would write a song about him that could be considered anything less than reverential, but then Bruce announced an 80-show run of dates on Broadway in New York City. As he noticed the amount of negative feedback on Springsteen-related websites and forums, he realized that he was […]
Netflix’s shares surge after move to increase prices | Financial Times
“From time to time, Netflix plans and pricing are adjusted as we add more exclusive TV shows and movies, introduce new product features and improve the overall Netflix experience to help members find something great to watch even faster,” Netflix said. The world’s largest subscription video streaming service last announced a price increase in October […]
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