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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?

Price 52
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Discount Pricing: Its Strategies & Practical Examples

Hubspot

Discount pricing is borderline omnipresent. We've all seen retail outlets offering sale prices or "buy one, get one free deals" — and for good reason. When done right, the method can drum up quick interest in your business, foster customer loyalty, and pay off in spades. Discount Pricing Strategy.

Price 88
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Inflation Could Curb Holiday Spending — Keep Shoppers Happy With Excellent Service

Salesforce

How can your business stand out when shoppers are buying fewer gifts? By providing customer service they can rely on — fast returns, an easy help center, and questions answered with one phone call. Customer service can be a revenue booster when done right,” says Kathy Kimple, retail executive director, OSF Digital Strategy. “It

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How to Overcome Price Objections in Sales: A Guide

Lead Fuze

Understanding how to overcome price objections is a crucial skill for any sales professional, marketer or small business owner. In the world of sales and marketing, pricing objection is often one of the most challenging hurdles to navigate. Let’s dive in!

Price 52
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How to Implement a Promotional Pricing Strategy the Right Way

Hubspot

Your product or service isn't moving with the oomph you'd like it to. You realize your business needs a shot of life. One of the best ways to do that is through a practice known as promotional pricing. A promotional pricing strategy is one of the best ways to generate quick demand for products or services.

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How Aligning Sales And Customer Service Helps You Win

Miller Heiman Group

One way that sellers can work on improving buyer perception and exceeding those expectations is to consider the role that service plays in B2B sales. In this brave new world, businesses who rise to the top are those who provide the best customer experience. Sales sells the first deal; customer service helps sell every deal thereafter.

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Hiring Salespeople

Adaptive Business Services

I will assume that what I see during the interview process I will also see during training, how they will work with potential clients, and what will be their ability to earn repeat business and referrals. I was substantially under their price and I still didn’t get the sale!?”. I’m rarely disappointed in my assessments.

CRM 77