Category Archive For "Pricing Strategies"
Value-Based Pricing: How to Use It to Win at 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 …
The Advantages and Disadvantages of Competitive Pricing Strategy
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 Competitive Pricing Tips to Dominate the Competition
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 Competitive Pricing Tips Without Repricing 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 …
Should Your Pricing Strategies Differ for New and Existing Customers?
Are all your customers the same? If you answered “no”, you’d be correct. Each and every customer is different and often, the way we market and price our products changes based on the people we’re trying to sell to. One-size fits all pricing and marketing rarely works. This is because each buyer has different browsing …
Outrank the Competitors and Dominate the Market with Dynamic Pricing
The goal of every single ecommerce retailer is to find a solid way that leads them to improve their business. Personalized and segmented emails, delivering a great user experience and customer support, publishing good performing ads… The list goes on. All of these efforts have a great impact on the success of an online business. …
The Ultimate Ecommerce Pricing Strategies
Remember the last time you visited your favorite shop? Well, if yes, let’s remember those moments together in detail. Probably, you went into the store, gazing through the stalls briefly, touching few of the items for the feel of the texture of it and suddenly you found your loved one, a t-shirt, a skirt or …
[FREE WEBINAR] Outrank the Competitors With The Power of Smart and Competitive Pricing Tactics
We are continuing organizing webinars for our audience. If you are a follower of Prisync, we are trying to give insights everything about e-commerce. But, pricing is our specialty and I personally recommend you not to miss our next webinar titled – Outrank the Competitors With The Power of Smart and Competitive Pricing Tactics – if you …
How to Implement Ecommerce Price Elasticity to your Online Store
Whether you’re a seasoned ecommerce owner with years of experience or fairly new to the game, it will quickly become apparent just how competitive the entire landscape is, no matter what niche you operate in. That’s why we encourage you to think about various different pricing tactics you can use to increase your profit margins …
Ecommerce Price Index Formula and How Use it to Analyse the Market
Price index formula is a way to normalize the average of price relatives within specific groups or classes of goods or services, throughout various different regions at various different time frames. In the world of e-commerce, it’s a great way to compare how prices differ based on time periods or geographical locations. On a broader scale, …
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