Best Price Comparison Tool
Many businesses keep on changing the prices of their products multiple times in a day to boost sales. Dynamic pricing is a key strategy that is used by every business. Define dynamic pricing Dynamic pricing is the environment where the pricing of the product is adjusted. You can adjust the price based on supply and …
Comparison shopping engines are effective ways to find multiple retailers who are selling the same products. The shopping engine will compare the products that are offered by different retailers and pick the offering that is the most relevant. The comparison shopping engines are famously known as price comparison websites. Retailers consider the comparison shopping engine …
Traditional pricing strategies that have once dominated the retail sector are now being redefined due to tough competition in the eCommerce industry. Today, competitor pricing is taken into consideration to decide the appropriate pricing for a product. The competition would define the price of the product. What is a competitive pricing strategy? It is a …
Competitive Pricing: The Advantages & Disadvantages Read More »
WTP (Willingness to Pay) is the amount that the customer is willing to pay for the product or service. The transaction amount will be between the amount that the buyer is willing to pay, and the seller is willing to accept. When a business learns about the price that the customer is willing to pay, …
9 Factors That Affect a Customer’s Willingness to Pay Read More »
This blog will be focusing on price. We will be releasing the Delivery and Service blog soon. Watch this space… The price point is a competitive price that is set by the manufacturer for the product based on its supply and demand. This is the price that grabs the attention of consumers to buy the …
Product Price Point: The importance of Price, Delivery and Service Read More »
The price of the product will decide the success of a product. If the pricing for a product is set right, then your sales will respond favourably. The pricing of your products has a significant impact on your profits, the position of the brand in the market, and market share. Due to the importance of …