The Psychology of Competitive Pricing

Marketing Insider Group

Pricing is a tricky beast. Purely competitive pricing can lead to disappointing results: you might not sell enough to compensate for offering the lowest prices. A profitable pricing strategy involves considering not only your competitions’ […]. The post The Psychology of Competitive Pricing appeared first on Marketing Insider Group. You need to account for competition with other sellers, but you don’t want to de-value your products in a race-to-the-bottom.

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4 Foolproof Ways to Beat Price Objections

Zoominfo

Research shows price objections are the number one objection sales rep face—but half of all price objections are phony ( source ). Most of the time, when a prospect says, “I can’t afford it,” they’re not usually talking about price at all. Key Takeaways about Price Objections.

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Dynamic pricing done automagically

Biznology

Replace your pricing strategist with Wiser.com ! There’s the price you’d like, the price you want, the price you’d take, the price you need, and cost. And that price could vary by upwards of 50% or more. The lowest acceptable price.

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How do you know your price is too high?

Biznology

This is a disappointing turn of events for sure, but I wasn’t prepared for the idea that was floated next: let’s cut the price of the product 40%. See, the problem here is that we have no evidence that price is the problem. Price communicates value.

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Price Matching Pros and Cons for Online Retailers

Webbiquity

Very often though, businesses rely almost entirely on “lowest prices” as their unique proposition (though it can be argued that at that point it is no longer exclusive at all) rather than trying to differentiate themselves in a truly effective way. The Pros of Price Matching.

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Please Stop Confusing Customers With Your Pricing

Altitude Branding

It is a criminal offence for traders to deliberately make misleading price claims about their goods or services and against the letter of the law to make prices confusing to the consumer. Prices small and hard to read. Inconsistent pricing. Non-Food Pricing.

Business-to-business (B2B) pricing strategy research – part 1

The B2B Research Blog

When developing the optimum pricing strategy in business-to-business (B2B) markets, it’s essential to have insights into how the market is likely to react when a product or service is sold at different price points. It informs pricing strategy by revealing likely levels of demand, revenue and profitability under different pricing scenarios. This week I take a look at the Gabor-Granger and Brand Price Trade Off (BPTO) techniques. Brand Price Trade Off (BPTO).

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Want to Raise Prices? Focus on Storytelling

Type A Communications

November 17, 2016 by Carla Johnson Storytelling still gets a bad rap. Companies – especially B2B – see it as soft. Execs don’t see it as something to do if. read more. Storytelling Carla Johnson Digital Storytelling storytelling Type A Communications

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Oracle Linux, Oracle VM and Tegile Storage – Limited-Time Special Pricing

Modern Marketing

For a limited time, you can receive special pricing* when purchasing Oracle Linux, Oracle VM and Western Digital’s Tegile storage.

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Big Data and Marketing Intelligence Help Make Better Pricing Decisions

Crimson Marketing

Did you know that an average 1% price increase equals an 8.7% Yet it’s projected that roughly 30% “of the thousands of pricing decisions companies make every year fail to deliver the best price” leading to a significant loss in revenue.

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Anatomy of a Good Pricing Page [Video]

Golden Spiral

Developing a pricing page that informs and converts is key to scaling your enterprise.

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How Pricing Affects Marketing Strategy for B2B SaaS Companies

bizible

One of the best ways to break the SaaS vertical into subgroups is by looking at their pricing models. How pricing affects your marketing strategy plays out across several dimensions. SaaS pricing plays a huge role in this decision.

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Pricing Structures

Aspidistra

As an Aspidistra Partner we are able to give you a full break down of our pricing structure. This can be used to give your customers an insight into the potential cost of a fully integrated ecommerce solution. Partners Portal

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B2B Websites: To Publish Prices, Or Not To Publish…That Is The.

Industrial Marketing Today

You are not alone, most business purchases, especially industrial products don’t lend themselves to a simple Manufacturer’s Suggested Retail Price (MSRP). It becomes even more complicated if you sell through channel partners and there are different pricing structures in place.

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A/B Pricing with Allan Wille

FunnelCake

Today’s conversation is with Allan Wille , President and CEO of Klipfolio , about pricing strategy. The topic for the day is A/B pricing and specifically, a cool experiment that you ran at Klipfolio that's seen amazing results. What kind of variability did you have from price to price?

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The Real Price We All Pay for “Brand Journalism”

Marketing Craftmanship

So is there a price to be paid for the loss of a free and independent press?

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How to Go Up on Prices Without Customers Getting Down on You

Reachforce

There is nothing more intimidating for digital marketing teams than having to initiate an across-the-board price increase. The Importance of Strategic Price Increases Initiating a […].

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How to Show Buyers That Inaction Has a Price

B2B Marketing Directions

It will come as no surprise to B2B marketing and sales professionals that sales cycles are getting longer.

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Is Social Media Just Winning Price Sensitive Customers?

Digital B2B Marketing

Content Social Media alienware Jay Baer preference segment pricing social media twitterIn social media, marketers buy attention with promotions or discounts. And research shows consumers expect this from marketers. 44% connect with brands on Twitter for discounts (source). The problem is, buying attention is an old school mindset, plopped into a new communication paradigm. For social media to become an important part of the marketing mix [.].

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Simple Marketing - The Gas Price Sign

Smashmouth Marketing

Then there is the price sign. Logo on top for branding, price on the bottom for value, features in the middle (food, car wash). Oil prices, however, are now so intertwined with economics and cost of living, don't expect prices to balance out globally.

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Simple Marketing - The Gas Price Sign

Smashmouth Marketing

Then there is the price sign. Logo on top for branding, price on the bottom for value, features in the middle (food, car wash). Oil prices, however, are now so intertwined with economics and cost of living, don't expect prices to balance out globally

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New Website Launch: Oil Price Information Services (OPIS)

EMagine B2B Blog

The post New Website Launch: Oil Price Information Services (OPIS) appeared first on emagine communications. Launching a new website calls for a celebration.

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BI Vendor QlikTech Reveals QlikView Pricing: I Modestly Help to Clarify

Customer Experience Matrix

Business Intelligence software vendor QlikTech * officially published its price list last month, after years of keeping it a not-very-closely-held secret. Just in case anyone else is also confused, here’s what they told me: - The lowest entry price for a fully functional version is $1,350. Let me state clearly that as a confirmed QlikView fan, I think this is a terrifically low entry price. qlikview price business intelligence software qliktech

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What price success? The outrage over Amazon

TaylorMadeIn KEW

The post What price success? Like many people this past week, I was appalled by the New York Times article ‘Inside Amazon: Wrestling Big Ideas in a Bruising Workplace’.

Does Your Pricing Leave Money on the Table?

B2B Marketing Traction

What’s the best way to price your product or service for business to business (B2B) marketing? This is one of the most common questions B2B marketers have, and pricing your product or service wrong can be a disaster. Cost-Basis Pricing. Value-Basis Pricing. Tweet.

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How B2B Companies Can Avoid Marketing on Lowest Price

The Forward Observer

Artillery B2B Marketing Blog > The Forward Observer B2B companies who systematically measure and monitor their customer engagement can lessen their dependence on lowest prices – and increase revenues and profitability.

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SharpSpring Adjusts Pricing to Be More In-Line with HubSpot

Sharpspring

April 1, 2017 – SharpSpring announced today that it increased pricing by 1,000% to be more in line with competitors like HubSpot, Pardot, Marketo and Act-On. Peter April, a senior software developer, happened by the pricing meeting and decided to chime in. price point.

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How to Implement Dynamic Pricing without Sacrificing Margins or Customers

Hubspot

Dynamic pricing has certainly been gaining traction in the online retail space. Popular in industries like hospitality and sports entertainment, dynamic pricing has led to the retail price tag's obsolescence in those industries. That's dynamic pricing hard at work.

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Quantivo Offers High-Volume Customer Analytics at a Modest Price

Customer Experience Matrix

Support for multiple hierarchies and queries across hierarchies also minimize the price of making a bad decision during initial schema design, since even unplanned queries will execute reasonably efficiently. Quantivo pricing starts at $2,000 per month and is based on data volume and complexity. These are exciting times in the world of analytical systems. The Web has created new demands to handle unprecedented data volumes and semi-structured data.

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The price of poor language

Integrated B2B

For example, did your company recently win a price ? Let’s take a look at a handful of the most common bungles: Companies win prizes, not prices. The price versus prize is a mix-up that we see in Denmark all the time. Are you confusing your customers with second-rate English?

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Study Finds Brand Reputation More Important to Consumers than Price

Content Standard

Everyone knows price matters to consumers, but a new study suggests the lowest price doesn’t always win. Even more important to consumers is the reputation of retailers—and how prices correlate to that brand reputation. Price Still Matters.

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4 Ecommerce Pricing Strategies You May Not Have Considered

Hubspot

When determining prices for your ecommerce store , you’re likely to consider traditional methods: markup, anchor, and luxury pricing. Free isn’t a price. After all, won’t customers take advantage of the pricing structure to walk away with products at ridiculously low prices?

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How To Price Software Without Just Rolling The Dice

Everything Technology Marketing

Pricing of new software products is one of those things that poses quite a challenge to even the most sophisticated product managers and marketers. Too often pricing is guesswork or based only on comparable products in the market, which inevitably leads to a price that doesn't optimize profits overall. How To Price Software Without Just Rolling The Dice " compiles some critical lessons most of us have learned the hard way over the years.

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Are Multi-Variate Testing Systems Under-Priced?

Customer Experience Matrix

Apparently the prices for behavioral targeting products are higher—perhaps because at least some of them base their fees on incremental profits earned for their clients (I know Certona does this). I’ve had a series of conversations over the past few days regarding the distinction I made last November between “behavioral targeting” systems and “multivariate testing” systems. Both types of products tailor Web contents to individual visitors.

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Putting a Price on Marketing: The Challenges of Content ROI

Content Standard

The post Putting a Price on Marketing: The Challenges of Content ROI appeared first on The Content Standard by Skyword. Digital marketing, by nature, does not come with many certainties.

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The Agency Pricing & Financials Report [New Data]

Hubspot

To help you better understand how agencies price, manage, sell, market, and deliver to clients, we conducted a survey during April and May of this year, with more than 750 agency executives responding to our questions. What KPIs are other agency owners tracking?

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Infusionsoft: Impressive Marketing Power for a Very Low Price

Customer Experience Matrix

But most of us still assume there is a reasonable relationship between price and value. This is why it’s hard to imagine that low-priced software can deliver similar performance to mainstream products. Infusionsoft pricing starts at $199 per month for a system limited to 10,000 leads and 25,000 emails per month. Other prices were unchanged.] Two economists are walking on the street. One looks down and sees a $100 bill.

Pardot Offers Refined Demand Generation at a Small Business Price

Customer Experience Matrix

One other factor clearly distinguishes SMB from Enterprise systems, and that’s pricing. Pardot’s lowest-price system, $500 per month, may be too constrained for most companies (no CRM integration, maximum of five landing pages, etc.), Pricing details are published on their Web site – which is itself typical of SMB products.) This pricing is low even among SMB demand generation systems.

Pricing B2B Solutions with Customer ROI

The ROI Guy

A recent article "How to price IT products in 7 steps" by Arpon Kar caught my eye about how vendors should use ROI to properly price solutions. At Alinean, and previously with Gartner and Interpose, have been working with vendors on creating ROI tools for use in engaging customers for the past 9 years, and from this experience, can say that many B2B solutions are not priced correctly because an ROI analysis is not done prior to setting price.

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Pricing and Value: The Stories behind the Numbers

SnapApp

Looking for SnapApp pricing ? Visit our new pricing page for up-to-date figures and answers to common pricing questions. . -. The price of a brand's product or service says a lot more than just how much it costs. Price has a story.

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