Pricing for Profit

Pricing for Profit

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Many small business owners are trapped by industry pricing and market misconceptions, when they could be compensated for the true value of the product or service being offered. The low price they feel compelled to offer limits their ability to generate profits which, in turn, slows their response to changing customer needs. The good news is that a business can command almost any price it chooses by focusing on the valuea€”not the costa€”to the customer. Pricing for Profit shows businesspeople how to break out of the stranglehold of industry pricing and charge more for their wares (regardless of the competition) without alienating their customers. Readers will learn how to: a€c Quantify the value of their products or services a€c Distinguish between price buyers and value buyers a€c Bundle their offerings for competitive advantage and increased customer value a€c Craft a powerful marketing message that communicates value a€c Generate more unit sales and close more sales overall, at higher prices a€c Make more money with less effort Filled with easy-to-use formulas, sample scripts, clear examples, instructive exercises, and more, this accessible and practical guide is a must-read for businesspeople who want to be well-paid for the value they provide.Unfortunately, those of us who buy from WalMart dona#39;t have a clear picture of the true cost wea#39;re paying. Many communities ... This limits the number ofjobs and salary levels available to employees in businesses not serving WalMart. In essence, these ... Many are not adept at cost cutting and have, consequently, been a€œeatinga€ the price reductions required to keep their WalMart vendor status. Diminishedanbsp;...

Title:Pricing for Profit
Publisher:AMACOM Div American Mgmt Assn - 2009-09-09


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