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

TrackStreet

In a competitive industry for a specific type of product or service, businesses often engage in pricing wars that lead to a steady decrease in the value of goods. This devaluation is called Pricing Erosion. Now you’re wondering: Is there more to the definition of Pricing Erosion? What is Pricing Erosion?

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The price is too high – How to handle price objection in sales (with examples)

Salesmate

You’ll hardly meet a sales rep who has never faced the “price objection”. Do you remember the times when you thought of not purchasing a product due to its high price? Price objection is like a poison that can kill your sales. Examples to handle the price objection in sales? Sorry, the price is too high”.

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7 Secrets to Successfully Presenting Your Price (and Getting It!)

The Sales Hunter

Here are 7 secrets you need to follow to ensure you get the price you want: 1. Worst thing you can do is look unconfident as you present it. Don’t present the offer and then ask something stupid such as, “So what do you think?” ” Present it and be silent. Be ready to present two options.

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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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Regaining Control of Your Brand on Amazon: Strategies for Combating Unauthorized Resellers

TrackStreet

While this platform offers tremendous opportunities for brands to reach a vast customer base, it also presents unique challenges, particularly when it comes to maintaining control over your brand’s presence. Unauthorized resellers can undermine your brand’s reputation, erode profit margins, and create customer confusion.

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How to Stop Unauthorized Sellers on Amazon

TrackStreet

In the dynamic landscape of online marketplaces, challenges to maintaining equitable competition and brand integrity are ever-present. Additionally, authorized sellers and brands can encounter problems such as price erosion, loss of control over their brand image, price wars, and violation of distribution agreements.

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How to Explain a Price Increase to Customers Effectively

Lead Fuze

Understanding how to explain a price increase to customers is an essential skill for any business owner, marketer or sales representative. In the current economic atmosphere, with its growing costs and supply shortages, it’s likely that companies may have to up their prices.

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