article thumbnail

Pricing Erosion: Definition, Causes, and How to Avoid It

TrackStreet

As a new business owner or appointed executive, Pricing Erosion is one of the huge challenges to face and if addressed unskillfully, can lead to bankruptcy or business closure. As prices continue to fall over time, businesses may face major challenges, including shrinking profit margins and a negative impact on their financial health.

Price 52
article thumbnail

How to Compensate Structure Real Estate Teams Effectively

Lead Fuze

Gotta keep those agents motivated and the profit margins protected. And hey, let’s leave 50% of the profit for the team after covering costs. “Create a fair and performance-based compensation structure for real estate teams, keeping agents motivated and profit margins protected. It’s a win-win.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

When You Sell On Price, You Lose On Price

Sales Coach Dew

If you set an appointment based on price promises, your close will come down to price—no matter what else you try! You’re not only losing revenue and cutting into profit to make price-based deals happen—you’re giving up on an opportunity to sell your product’s real benefits or your company’s value to the client.

Price 52
article thumbnail

Inside Sales vs. Outside Sales: Which Is Best for You?

Sales Hacker

You can’t afford to spend big money and time to acquire these customers because the profit margin is already razor-thin. One is focused on quantity, an economy of scale, and tight profit margins. Other important skills involve technical sales skills like: Appointment setting. The focus is on volume. Compensation.