Business owners often struggle with choosing the right price for their product or service. Being equipped with the knowledge and having access to the right information can bridge the gap between a profitable pricing and an unsuccessful pricing strategy, which is what this course aims to achieve. You will first learn the basics of various price strategies and what pricing communicates about your offers to your customers. The course teaches you how investors evaluate pricing strategies. You will learn how to align your pricing strategy with all the other strategies that you employ and execute in your business operation.
You will also study the different models of pricing, their advantages and downsides. See how to calculate margins, and understand what the average margins for specific industries and retail categories should be. Learn how to meter price sensitivity, and develop a pricing profile specific to your offering based on eight key variables. Having a justifiable pricing strategy can make the difference between success and failure. By completing this course, you will learn how to determine your pricing strategy and avoid common mistakes that many entrepreneurs make.
This course includes a proven methodology for developing a profitable pricing strategy. There are tips and practical examples of both product- and service-based businesses, including companies that have maintained seasonal pricing variations. It also offers guidance on bundling, discounting and other pricing techniques that you can deploy. By taking this course, you will be equipped with proper understanding of the pricing systems and how to overcome the fears and drawbacks of setting sustainable prices for your products or services. Enroll in this course today and watch your business succeed with the right pricing strategy.
