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The Salesperson's Guide to Competition-Based Pricing

Hubspot

Did you know, on average, a 1% price increase translates into an 8.7% It's hard to believe the smallest percent increase or decrease in price can make a significant impact on profit margins. This statistic highlights the importance pricing can have on your company's bottom line. It's worth considering competition-based pricing.

Pricing 75
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What's Your Product's Actual (and Average) Selling Price

Hubspot

How you price these products can be a make or break decision for your business. The price should be high enough to cover production costs, but reasonable enough that potential buyers will be willing to purchase it. But, what's the best way to calculate your product's selling price? Selling Price. Average Selling Price.

Pricing 67
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Competitor mapping: The benefits and how to create your own

Sprout Social

Competitor mapping involves using competitive benchmark data to help you make decisions about the business, and gain intelligence about your competitors’ strengths and weaknesses. For example, monitoring competitive benchmark data can help you set realistic goals and metrics. Consider brand perception in comparison to your competitors.

SWOT 107
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2021 Cyber Security PPC Marketing Benchmarks. It’s Certainly a New Normal

Envy

As a B2B tech marketing agency with a niche specialization in cyber security we can confirm that prices for qualified leads in 2021 are hitting the roof. We’ve gone ahead and updated our Cyber Security PPC Benchmarks report so that you can see the facts and figures for yourself. But don’t take our word for it.

PPC 115
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How to build a competitive analysis report with examples and tools

Sprout Social

A competitive analysis report typically contains information on marketing tactics, target audience demographics, product comparison and industry trends. Benefits of a competitive analysis report A competitive analysis report serves as a tool for competitor benchmarking.

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7 eCommerce Business Challenges in 2023 and How to Solve Them

Optinmonster

Too much competition leads to comparison shopping and an increase in shopping cart abandonment. Solution: Conduct detailed competitor analysis to determine how they price their products. Challenge #5: Pricing Products and Managing Shipping Costs Shopify’s report published in 2022 found that pricing impacts 74% of consumers.

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How to conduct an effective competitive analysis in 7 steps

Tomorrow People

Step 1: Identify who to benchmark against. If you’re working for a new startup, the obvious picks for competitive benchmarking are the industry ‘winners’. If you’re already an established and mature firm, you can benchmark yourself against lower-ranked competitors instead.

Analysis 156