Your product or service price often
communicates as much to your client as your marketing
activities. Your clients will perceive a product or
service value based on it’s price in many situations.
Price your product strategically
by looking at:
The competition (or lack of it), your product
or service faces. If you have a “one of
a kind”, then the higher initial price may
be palatable to clients.
The sensitivity of your clients to pricing for your
type of product or service.
The price elasticity (the lower the price the more
you sell and vice versa). Keep in mind what you have
to sell in order to make a profit, and then chart out
the variations in prices and quantities to sell in order
to pinpoint the right one.
The value of the product as it relates to the price.
The position you have established for your product.
How can ags help you with
pricing?
If you want to implement a profit
led pricing strategy into your marketing plan we can
help.
ags specialise in preparing pricing
strategies for small to medium sized businesses.
Through a team of experienced consultants
your business can benefit from:
- A researched and benchmarked
pricing strategy.
- Research with your competitors.
- Regular reviews to adapt pricing for new products
and services.