Category Archive For "Pricing Strategies"
Price Increases: How to Increase Prices Without Annoying Customers
In a world where increased revenues are everything for your e-commerce store, you might have toyed with the idea of increasing the prices of your products. Only, you perhaps haven’t fully dived in yet because you’re worried that increasing prices might lead to alienating customers. In some cases, you need to increase your prices simply …
E-Commerce Pricing Teardown: Dr. Axe Health & Supplement Store
When coming up with pricing strategies, especially as an up and coming e-commerce store, it can be helpful to look at how the greats already do this. Only, with all the tasks you need to complete, like finding great products, researching new ideas and coming up with marketing strategies, it’s hard to find time to …
Pricing Trends: What’s Coming for 2019
In 2019, if you want to win in the world of e-commerce, you can’t afford to not think about your pricing. In fact, with so many different pricing strategies available, now is the perfect time to analyze what you’re currently doing and see if there are areas or things you can improve for next year. …
Cost Plus Pricing: Simplest Method to Determine Your Prices
When it comes to pricing the products on your e-commerce store, you have a number of different options. Some of these options are complicated and involve you studying and analyzing data in order to come up with a price point your customers would be happy to pay. However, if you’re just starting out, or looking …
Price Point: Understanding the Difference Between Price
If you’re like most e-commerce owners, you spend a lot of time reading about e-commerce, discovering new ways to improve the way your site performs. That could be the actual site itself. It could be how you market the store. But in many cases, what you’re really wanting to read about is how to improve …
Prestige Pricing: How to Use it Properly
Many e-commerce owners like to give off the impression that they sell high-quality products. But how do they go about doing that? Well, the most obvious way to do it is to create a high-quality product. But another way to do it is to adopt a prestige pricing strategy. Prestige pricing is a pricing strategy …
Value-Based Pricing: Winning in E-Commerce
Value-based pricing is one e-commerce pricing strategy you can use to increase your profits and dominate your competitors. Think about it like this: How much would you pay for a pile of metal, rubber and a few connecting wires? Probably not that much. Compare that to how much you’d pay for a car. The difference …
Competitive Pricing: The Advantages & Disadvantages
You hear about a new shiny e-commerce strategy like “competitive pricing strategy” and your first thought is to implement it right away. That e-commerce store generated $1,000,000 in sales when they used it. And this e-commerce store tripled their traffic. But before you jump in head’s first, it’s a good job to evaluate each strategy …
Shopify Tips: Competitive Pricing Secrets
For many first-time eCommerce founders, Shopify is the way forwards. Their easy to use platform means that anyone (and we mean anyone) can set up their online store within a matter of minutes. You can make use of their easy-to-customize templates and entering products is as simple as filling in the boxes. In short, if …
Magento Tips: Competitive Pricing w/o Software
Magento is a platform for eCommerce store owners built on open source technology. It allows vendors to make use of a fully flexible shopping experience. They can also gain specific control over how their shop appears for their end users. As well as this, there are a number of different tools you can use alongside …