Competitive Pricing: A Strategy to Maximize Business Profits and Achieve Growth
Is there a sudden drop in the sales of your products or services? Has the conversion rate dropped suddenly? One of the most likely reasons behind this is – pricing. It may happen that the demand for your product or service has dropped because your competitors have chopped the pricing for the same product or service. Although it is a good idea to keep own products price lower than the competitors, it is never a good idea to keep the difference huge. Competitive pricing analysis helps in such situations and can help respond effectively and efficiently to the competitors strategy. We at Infiniti, with the help of our industry analysts, have listed down several competitive pricing advantages that can pave the path for profit maximization and growth for your business.
To gain insights into industry-specific competitive pricing advantages and disadvantages,