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

TrackStreet

The interconnected nature of these elements means that pricing erosion is often a result of a combination of phenomena, and businesses must navigate these challenges strategically to mitigate the impact on their bottom line. This helps prevent a race to the bottom in terms of pricing and maintains a level playing field among retailers.

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Discount Pricing: Its Strategies & Practical Examples

Hubspot

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. It has a significant and effective place in certain industries — specifically, retail and ecommerce.

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Is the Sandler Sales Methodology Right for Your Team?

Highspot

Sandler Selling doesn’t stop at reaching quotas and making the sale; it emphasizes the importance of nurturing ongoing customer relationships by building trust for repeat business. Maintaining post-sale follow-up ensures mutual trust for repeat business and minimizes buyer’s remorse.

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4 Reasons Your Store Needs an eCommerce Website to Grow

Hubspot

For a business to grow it must consistently reach new customers and communicate effectively with existing ones. Creating an eCommerce website allows a retail store to break-through the limitations a physical location presents, while increasing sales of its products. Increase visibility of store promotions.

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Lead Generation: How To Turn Interest Into a Sale

Salesforce

Once you have leads, you can use their contact info to engage with personalized communication and targeted promotions. Once you’ve established your scoring and grading, your next step is to strategize ways to nurture your leads. Clients are more satisfied and I’ve gotten repeat business.