Algorithms of pricing tools will work and produce effective solutions if certain rules are initially set.
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Figure Out Business Costs
Your formula accounts for the intangible business operation aspects when pricing online ...
Competitor’s Prices
Part of setting your pricing is determining what your competitor charge for similar ...
Profit margin
Profit margin refers to how much a business brings in after subtracting the cost of ...
Competitor Price
Part of setting your service pricing is determining what your competitor charge for ...
Value Proposition
Part of setting your service pricing is determining what your competitor charge for ...
Profit margin
Profit margin refers to how much a business brings in after subtracting the cost of ...
Economy Pricing
In this pricing strategy, you need to keep the costs to a minimum to provide the ...
Price Skimming
This is where you need to set higher prices because you have a competitive advantage.
Psychological Pricing
This pricing strategy is designed to ensure that your customers will respond emotionally ...
Product Line Pricing
If you choose this pricing strategy, you need to set progressively high prices for ...
Price Models: Hourly Rate
An hourly rate ensures that you will get the rate on return on the labor and actual time ...
Price Models: Flat Rate
During tough economic times, most businesses prefer hiring their services only on a ...
Price Models: Variable Pricing
In determining a fair service price, you need to know whether you need to implement a ...
Cross-Sell/Upsell
Cross-selling refers to the strategy where you will provide services related to the one ...
Premium price
These pricing techniques are used when your offer in the market is exclusive and ...
Pricing strategy
Before you put a price tag and wait for an influx of customers, you need to think ...