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Competitive Pricing: The Secret to Winning More Deals

Salesforce

Enter competitive pricing. There are cases in which a business brings an entirely new product or service to the marketplace and is able to set prices as high as customers will tolerate. However, most companies are up against established rivals who compete on price. What you’ll learn: What is competitive pricing?

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8 Pricing Mistakes That Can Seriously Stifle Sales

Hubspot

For many companies, pricing strategy essentially amounts to guesswork — shooting in the dark and hoping they land on prices that customers are willing and happy to pay. That said, pinning down an optimal price for a product or service is admittedly easier said than done. Pricing Based Solely on Undercutting Your Competition.

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Is Competition Based Pricing a Winning Strategy?

Salesforce

One of the easiest ways to keep tabs on your competitors is to watch their prices. Making regular price adjustments to match or undercut similar offerings in the same market is a common tactic used by companies of all types and sizes. It’s called competition based pricing. But this is not just about getting ahead.

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How to Optimize an Affiliate Marketing Program for Profitability

ConversionXL

However, affiliate networks will expect a commission from you as well, which cuts into your profit margin. Most of them are from California (8.56%), New York (8.16%), Florida (7.40%), Texas (6.16%), Pennsylvania (5.71%) and Illinois (5.71%). Are you aware of your profit margin on every type of sale?

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What Are Sales Channels? (and How to Pick the Best Ones)

Salesforce

Evaluate channel efficiency: You’ll see which channels are effectively acquiring more customers and which ones are decreasing profit margins. For example, each of your channels needs a pricing strategy. Consider the channels your customers are buying on, the reach of those channels, and the cost of maintaining them.

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How To Write Product Page Copy That Doesn’t Suck

ConversionXL

In the course of his search, he found another site with the same product, a more complete description, and a lower price.”. Each item sold at a similar profit margin, and overall the project brought in nearly $8,000 combined. They hired a bunch of professional writers and let them go to town. The results? Bar of soap?

Product 132
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The Complete Guide to Writing Product Descriptions That Convert

ConversionXL

In the course of his search, he found another site with the same product, a more complete description, and a lower price. Each item sold at a similar profit margin, and overall the project brought in nearly $8,000 combined. They hired a bunch of professional writers and let them go to town. The results? a 6258.58% increase.

Product 127