How Flexible Are You With Pricing Options? - page 2.

virasisog

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Quote from: Jody.Drummer on August 25, 2022, 11:35:11 AM

Maybe you mean tactics like buy 1 get one free promotions or with various other offers when consumers buy goods from them will get some added benefits. In the marketing category and if you learn from people who are deep into how product promotion works, it might be easier to understand. Because usually marketing techniques like this have procedures or training. One of them leads to good communication with customers and also how to lead opinions in bringing consumers to be interested in the goods we offer. So that there is an intense, enjoyable price negotiation that makes it seem as if the customer is benefiting from the item.

Good and open communication will always be the key. Know yhe demand of yur customers and have enough idea on the type ofnL products that they will prefer. Always consider the opinion and suggestions of your customers and always make them feel valued so they will always pick you despite the strong business competition in our society these days. Bonuses and promotions is also a good strategy to attract more customers.

BIT-BENDER

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I would choose to call it bargaining and it's a skill anyone who want to get the best deals for the cheapest price should have, well I always do it especially on things that doesn't have any fixed price, my strategy on this is simple.

#Have good knowledge of what you bargaining to buy by knowing so the seller would have a sense of respect for you, acknowledging the fact that you really understand the goods well.
#knowing the actual price of the goods (you can get lust by this, and the buyer can tell you other wise)
# always have an alternative option a good one at that, this can help you to look less desperate.
# be more consistent with a reliable dealer that you had carried successfully deals with.

Price bargaining can also help in trying to have business in crypto-currency via p2p I have personally been able to get cryptos at good rate and also sell at good rate through my flexibility.

Jody.Drummer

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Maybe you mean tactics like buy 1 get one free promotions or with various other offers when consumers buy goods from them will get some added benefits. In the marketing category and if you learn from people who are deep into how product promotion works, it might be easier to understand. Because usually marketing techniques like this have procedures or training. One of them leads to good communication with customers and also how to lead opinions in bringing consumers to be interested in the goods we offer. So that there is an intense, enjoyable price negotiation that makes it seem as if the customer is benefiting from the item.

BitcoinPanther

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Quote from: Cryptomultiplier on August 24, 2022, 05:46:45 PM

What are some pricing tactics one can employ to hold or build market share during a recession?

One strategy is giving discounts, overpricing the product and announce to the whole world that they are having a 50% discount. Pricing tactics is like a game of chess, of course seller always put a huge margin so that when it comes to pricing discount negotiation, they can still give the requested discount of the customer while not affected by the said discount.
Another thing is package selling in a "discounted price". This way they can sell non-saleable items together with the hot item. This strategy is known to clean up the locker of unsaleable or unpopular items.
So a good selling strategy is to make it look like that they are giving in to the demand of the buyer but they actually are not affected by the decrease in price of the item.

Gayong88

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Quote from: Cryptomultiplier on August 24, 2022, 05:46:45 PM

What are some pricing tactics one can employ to hold or build market share during a recession?

The movement of the economic recession is still in the alert category and alert if I'm not mistaken. One business can close its door, and another can open next to it. Flexibility is an important component of any pricing strategy, and that's why you need to be able to adjust prices on the products and services we develop because market forces can change quickly. and this I think is important for businesses to be flexible with their pricing tactics in order to be successful.

Razmirraz

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The main point is that the seller wants the goods at the highest price, while the customer wants to bid at the lowest price.
If the seller puts up a high price, of course, it will make purchasing power drop drastically. Meanwhile, if the goods are sold at a low price expected by the customer, it will cause a loss to one party (the seller). Therefore, it is necessary to balance the market to create the same supply and demand conditions.
To create an increase in purchasing power, it is necessary to agree on a price that is willing to be bought and sold by both parties, this price agreement creates the principle of market equilibrium because sellers and customers are both happy after the transaction.

lovesmayfamilis

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Any buyer will always lower the price, and this price is unlikely to suit the seller. Therefore, there are different markets for goods. In my country, the central markets are always more expensive, and the prices for goods there suit buyers since the stratum of the population itself is better off.
But exactly the same goods can be purchased at a different price if you go away from the center of the country. Those who are not satisfied with one price can always afford lower prices with just some effort.
But all the same, buyers' demands will aim at lowering prices simply for the sake of profit.

Hydrogen

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Quote from: Cryptomultiplier on August 24, 2022, 05:46:45 PM

sellers can get together and try to discuss prices, to either lower it or push it up from an original price.

If sellers are coordinated and organized enough to set prices. Its no longer a market arrangement. It more closely resembles a monopoly. Which will typically lead to price gouging and reduced product quality and reliability.

Something resembling a monopoly on the consumer side, will usually resemble a boycott. Or the so called "retail movement" in stocks.

Its much easier for sellers to organize than buyers. They have the networking, communication channels and infrastructure.

Buyers tend to be more unreliable with less throughput on promises.

Each has their pros and cons. Which the majority of people do not understand. Considering most seem to not comprehend how the price of healthcare has become overinflated around the world.

Rruchi man

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Good topic OP, would have been better if you expressed yourself much more with maybe an example of what you mean exactly and the point you are trying to hit. IMO, a simple example can go a long way in aiding readers to easily grasp the point of a discussion, and not misinterpret it.

Quote from: Cryptomultiplier on August 24, 2022, 05:46:45 PM

...customers and sellers can get together and try to discuss prices, to either lower it or push it up from an original price.

I think the discussion mostly between customers and sellers of product usually involves intense negotiation on price reduction and not increment.

Cryptomultiplier

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Flexible pricing in business is a strategy for a product's final price negotiation. In other words, customers and sellers can get together and try to discuss prices, to either lower it or push it up from an original price. This also applies to the price of services too.
The potential of a more efficient marketplace is realizable seeing that buyers can more easily find prices of goods or services for which they are willing and able to afford.

What are some pricing tactics one can employ to hold or build market share during a recession?

Topic: How Flexible Are You With Pricing Options? - page 2. (Read 247 times)