We Take the Guesswork out of the Pricing Process
To maximize profits, you must understand your competitive environment and the value you deliver. There are scientific methods available to help you get the data needed to make key product and pricing decisions. Once you have the data, we create a pricing strategy that makes sense for your market and aligns with your product strategy.
- Industry research – what is the demand for the product? What are your competitors doing?
- Product research – what features do customers value and are willing to pay a premium price for?
- Pricing research – how much are your customers willing to spend?
- Product costing – how much does it really cost to deliver that product to a customer?
- Product marketing – how do you position your premium vs mid-tier and low-cost products to maximize profitability? What products do you stop selling?
- Corporate branding – does your brand and messaging/positioning allow you to charge premium pricing?
- Communications – how do you convey the value you are delivering to your customers and sales channel? How do you convey a price increase?