The pro’s and cons of the dynamic pricing strategy

Deciding upon a pricing strategy can be complex and cost a lot of time and energy. In this blog I’ll explain what the dynamic pricing strategy is and how you can automate the proces of decision and keeping your prices up-te-date.

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Pricing strategies explained

It can be hard to decide which pricing strategy works the best for your webstore. That’s why I wrote this short blog about pricing strategies.

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Does your webstore invite visitors?

How many visitors does your webstore have? And how much knowledge do you have about your webstore? These are not weird questions. For many webstore-owners, the webstore itself is the main difficulty, which is a shame because that’s the place where it all happens! So how do you attract more visitors to your webstore?

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Workload of a webstore

Checking prices from your competitors, working out a competitor analysis, it’s all a lot of work. Especially if you’re way to busy already. Fortunately, there are solutions!

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The right pricing strategy for your webstore

Which prices you can use best depends heavily on your company and product. Here are some price types in a row.

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Marketingtools that save time

Sometimes you have just got too many things to do and too little time! Fortunately, there are great tools that will help you. For example, there are tools to automatically update your prices, monitor and update social media channels, etc.

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More revenue from your webstore

Generating revenue isn’t the same as offering the best quality for the lowest price. It’s about inspiring people to buy a product. It often just takes that little extra push in the right direction.

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E-commerce Pricing Glossary

Trying to figure out the right price and wonder what all those terms and strategies stand for? We explain all the pricing related terms.

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How to create a pricing strategy for you web store?

The easiest way to win over consumers, is to offer the lowest price at your web store. The disadvantage is that your margins are pretty low, and it’s questionable if you’ll make any profit. A good pricing strategy can make the differences.

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How low can you go? What to do with a price war?

A price war can be disastrous for any company, but can also be an opportunity to strengthen your market position. For example, Citro├źn was able to make use of the recession to realize more income in the long run by making a loss on their C1 models. Curious how?

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