Determining the next best alternative price is an important factor of value-based pricing. The next best alternatives price serves a comparison point for companies when they determine a value-based price for their new products. Firms determine the value of their product or service by comparing to the next best alternative product or service. A product […]
Willingness-to-Pay evolves over time Most products and services experience a development in willingness-to-pay (WtP) over time. For some products, illustrated by the chart on the left, WtP declines, as customers consider it less valuable. This can be the case for perishable goods, but also many technology products, where there is a novelty factor, or where […]
As you can see I decided to take into consideration some of the apartments, all of them Condo as the type of Building, in Manhattan, exactly in NoMad Area. The Common Charges, in annual terms, are not high. Indeed, its average price is less than $2,000. Despite this, just taking care of the RETAX (Real […]
In pricey Southern California, sales of both new and existing homes fell sharply in June compared with a year ago, according to CoreLogic. Demand is still quite strong, and while prices continue to gain, more listings are showing price reductions. “The market is strong, but I’m seeing a noticeable difference in the number of buyers […]
LONDON (Reuters) – British house prices rose by more than expected in November and for a fifth month in a row, mortgage lender Halifax said on Thursday. House prices rose 0.5 percent month-on-month after a 0.3 percent rise in October, Halifax said, topping the consensus in a Reuters poll of economists for a 0.2 percent […]
Let’s face it, when most homeowners make the decision to sell, the first thing on their mind is often money. But, to get the most money in the shortest amount of time, the listing price is critical. Let’s take a look at some of the top pricing myths and dispel these common misconceptions. The internet […]
What is value range pricing in real estate? It’s when home sellers, rather than listing their home at a certain price, put up a range instead. For instance, rather than listing a home for $500,000, the ad will indicate that the sellers are looking for offers in the vicinity of $475,000 to $525,000. Also known as variable range pricing, or VRP, this type […]
Though credit availability is no worse than mid-2016, it’s no better either. According to the April 2017 Chartbook released by the Urban Institute’s Housing Finance Policy Center on Monday, the credit availability index remained unchanged between Q3 and Q4 2016. Thankfully, housing is still pretty affordable, at least according to historic standards, the report stated. […]
Financial Consequences Include: There are so many stats on the problem of overpricing but I’m going to start with one from the National Association of REALTORS. Of houses that are on the market more than 17 weeks, 45% of the sellers took less than 90% of the asking price. This stat essentially confirms that the […]
We Just Need The Right Buyer “We just need to find the right buyer to sell our home for a great price.” Another misconception when it comes to the sale of a home. I am sure if I waited long enough dating a super model would be easy for me too. Fat chance! This myth […]
PND is a digest of pricing focused news, thought leadership, events, jobs, training and certification resources for pricing professionals. This Edition is brought to you by: PriceBeam B2B and B2C Pricing, Marketing, and Finance team leaders struggle to capture fresh, reliable, and actionable Willingness-To-Pay Pricing data to be able to effectively optimize all prices for all market segments GLOBALLY. Are you […]
US Consumer Price Index November 2018 | CNBC
U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs. The Labor Department said on Wednesday that last month’s flat reading in its Consumer Price Index followed a 0.3 percent increase in October. It was […]
Pricer’s Points: Pricing Talk on LinkedIn
Keep up with the latest pricing news, events, and other resources via LinkedIn here. Find upcoming pricing training events here. The following are a few of our favorite recent pricing shares and discussions on LinkedIn.
Services lift US producer prices in November | CNBC
U.S. producer prices unexpectedly rose in November as increases in the costs for services offset a sharp decline for energy products, but the overall momentum in wholesale inflation appears to be slowing. The Labor Department said on Tuesday its producer price index for final demand edged up 0.1 percent last month after jumping 0.6 percent […]
What Marketers Can Learn From Burger King’s Geo-Conquesting Strategy Against McDonald’s | Adweek
History has given us many storied accounts of competition: Coca-Cola versus Pepsi; Apple versus Microsoft; Marvel versus DC; Starbucks versus Dunkin. The ferocity of rivalry competition has propelled entire industries and the economy forward as the underdog is forced to innovate to get ahead. There’s only one number one, while the remaining 99.9 percent of […]
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