COVID-19, a never-ending pandemic it may seem, has made every business rethink its business model. Currently, online businesses are showing a great momentum due to the social distancing mandate. And in a way, it’s not that bad. Running an online business is very promising, given the recent market. Keep reading this blog to know more..
Are you an entrepreneur? Do you consistently work and rework on giving more value to your customers? Don’t worry, we got your back on that front. With this blog, you will get a clear idea of the concept called price benchmarking. Price benchmarking is comparing your prices to your competition in a specific market segment…
There’s no such thing as too much data. With so much of data access, data extraction has become a need of the hour. The pressing question here is, how to gain optimally from the data extraction? How to have a value addition? Let’s understand in detail. What is Data Extraction? Data extraction helps in..
Pricing your product or service can be tricky. Setting prices too high can make you lose valuable sales, and setting them too low can make you lose revenue. Embarking on a new business venture or reevaluating your company’s pricing strategy requires precise agenda for successful planning. An appropriate pricing strategy is defined by many factors..
Price is the most crucial factor from the 4P’s of marketing. 4P’s of marketing you ask? Product, Price, Place, and Promotion. Price is the most difficult to manage and plan as well. Price optimization can prove to be a lifesaver for the retail industry per se. Retail price optimization deals with distinct algorithms designed to..
The year 2020 made us unlearn and relearn everything. It also had an adverse effect on the dynamics of world economics. The complete pricing strategy for the year took a nosedive on account of the ongoing pandemic. Driving profitable outcomes and monitoring competitor price has never been this vital before. How to have a new..