There are early warning signs. Because price wars just don’t happen out of the blue. You won’t wake up one early morning, scratch your head and say, “S*%&t, I need to lower my prices!”
Solve a problem in a unique way to be competitive.
Yes, there is a pricing strategy where you go in low but this a short-term strategy. It is always supported with other elements, like loyalty programs, product bundling and limited features.
For most of us, we deal with competition every day. In order to do so successfully, we need marketing tactics based on our competitive strategy. But that leads to the challenge of understanding competitive strategy.
TEN TACTICS To INCREASE SALES Increasing sales, achieving profitable sales and selling more is always a priority for every…
Pricing strategy, which one is right for your product or service? Pricing right is a challenge. For example, if you sell…