When was the last time you reviewed your pricing strategy? You put a lot of effort into making your business successful but get your pricing wrong and you can be missing profit on every sale!
Here are 16 ways that you could be pricing your product or service.
Pricing Strategy Matrix
The pricing strategy matrix shows four pricing strategies based on the relationship between price and perceived quality.
1. Economy pricing
Costs are kept to a minimum and price is set as low as possible because there is no difference in the products […]