Penetration Pricing Strategy for a Consumer Electronics Company With a large number of consumer electronics products being introduced every year, companies in the consumer electronics market are facing difficulties to increase market share and sales volume for their...
Pricing a New Product: The Right Product Pricing Strategies to Follow
Charging a lesser price for a new product may not always be a good decision. One of the key questions to answer while launching a new product is- how much should the product be priced at? But the dilemma that most companies face here is that if they charge too much...
What is Product Research and How is it Done?
What is product research? Although technology plays a major role in bringing innovative products to the markets most of these products fail to achieve meaningful customer adoption. This is usually the result of developing products that do not serve much value to the...
Finding the Right Mix for a Product Marketing Strategy
What is a product marketing strategy? Launching a new product into the market can prove to be a big fiasco in the absence of an appropriate product marketing strategy. It involves a series of efforts that are undertaken to get the products into consumers’ hands. The...
Everything you Need to Know Before Developing a Product Segmentation Strategy
What is product segmentation? A product segmentation strategy helps businesses identify ways to sell variations of their products in such a manner that it appeals to different markets. How is this different from marketing segmentation? Marketing segmentation...
Popular pricing strategies that e commerce companies swear by
Choosing the right pricing strategy is one of the most crucial decisions that you have to make. Get it wrong, and it could cost big for your business. Online and offline retailers alike recognize pricing strategy as one of the key value levers, and, accordingly,...
Powerful Tips to Succeed in Mass Customization
A modern-day customer wants to feel special not only in the way companies treat them but also in how companies create something just for them. However, the caveat of high price cannot be ignored. So how can companies do the impossible, making product customization...
Competitive Pricing Analysis Enables a Surgical Instruments Manufacturer to Stop the ‘Pricing Slide’
Over the years, the cost associated with medical devices has reached its saturation, leaving hospitals to look for alternative solutions that are cost-effective. To keep pace with innovations and retain their foothold in the surgical instruments market, organizations...
Global Manufacturing Company Identifies Demand Drivers Through Premium Pricing Study
Infiniti’s latest premium pricing study provides insights on measuring the price and value addition of products and services that helped a global manufacturing company to enhance its approach to product pricing. What is premium pricing? A competitive market landscape...