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Why “High Price” is Only a Perception

The Sales Hunter

What is the criteria that makes a price seem too high? Most people would respond by saying a price is too high when it is either more than what a competitor’s price is or if it’s not in their budget. These two reasons or variations of them are the most common, but there are a wide number of other perceptions.

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15 Win-Loss Analysis Questions to Reinforce Your Sales Process

Veloxy

Understanding why one prospect became a customer while another went elsewhere will be key if you expect to make your sales process stronger for future bids. Win Loss Analysis is a research technique that involves examining the reasons why a company has won or lost business opportunities. Start using them today.

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5 Tips for Talking About Your Competition

Cerebral Selling

After all, the way we talk about our competitors not only influences the way our buyers see our solutions but also our personal and corporate brand. Just like when customers raise objections around price or features, competitive threats often bait us into launching into a competitive positioning monologue! Don’t bash.

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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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What is a MAP Policy and Why It’s Important for Brands (+ FAQs)

TrackStreet

One often-used tactic is to set retail prices as low as possible. While this is a win for consumers, such a business practice can encourage price wars and set a precedent for market monopolies, brand equity erosion, and product devaluation. One of these policies is the MAP Pricing Policy. What is a MAP Pricing Policy?

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Measuring Market Penetration with Brand Tracking (+ Metrics & Examples)

ConversionXL

Brand tracking measures the changes in your brand perception, and provides some insight into branding investment ROI. Supplement brand loyalty metrics with qualitative measures such as brand associations and perceived quality, as these can give you insight into why customers intend to repurchase. Are your campaigns driving conversions?

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How to manage and optimize local listings for SEO

Search Engine Land

Local listings: What are they and why do they matter? It’s important to note that Google is not the only location-based listing platform you should be aware of. Setting up a Google Business Profile with basic information only scratches the surface for businesses looking for optimal online visibility and local market reach.

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