Local and Global Pricing Insights

8 Ways to Improve the Success of Price Increases

Posted by Finn Helmo Hansen on 05-Dec-2017 11:05:00

This is the time of year when many companies are planning or executing price increases for the new year. Some are successful and reap considerable improvements in profitability. Others have difficulty in making the price increase stick. And others simply fail to implement a price increase.

Over many years working in the pricing industry, I have seen a number of things that successful companies do when it comes to implementing the price increases. Here are some of those insights.

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Topics: Pricing, price research, revenue control, revenue management software, price increases