How The Right Pricing Can Boost Your Profitability | Stratinis Pricing Software

19/09/2014

How The Right Pricing Can Boost Your Profitability

HBR questions what is the fastest way to profitably sell more of whatever your company sells? It has been argued that it is better pricing. There are many reasons as to why better pricing should be a priority for your company. Firstly if your company is not setting the right prices, there are hidden profits waiting to be tapped, small changes in price can lead to big profits and many industries prices can be changed on over night and start generating more profits the next day. The following steps can help in improving your pricing:
  • Instil confidence in your front line
  • Use compensation to align your Sales Forces' interests with profit
  • Increase profits by offering choices
  • Recap results by involving the C-level 
Read more at http://blogs.hbr.org/2012/07/use-pricing-strategy-to-boost/

Learn how Stratinis can help you make better pricing decisions

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