All of these mistakes in pricing strategy will lead to a business performance level that is well below par, meaning you will experience a lower profit margin and sales volume.
A few years ago, two companies came up with a very similar concept to solve an issue in data centers – how to scale the data centers’ data storage as companies’ needs constantly increase. Let us discuss what happened and share lessons learned.
Are you a commodity? This would mean that your management team has failed to establish differentiators meaningful in your marketplace. You are a commodity when your market views you as nothing special and decides to buy from you primarily on your price. Feeling this pressure, you probably feel forced to cut prices and add more […]
The War and inflation issues are at the forefront of everyone’s minds, and there’s even talk of a potentially deep recession. So, all in all, it’s a troublesome and turbulent time. How are you preparing for that?
Almost all companies leave money on the table. Some leave a lot; some leave a little. Some on all their product or services; some on only a few of their products or services. Where do you and your business stand?
Almost all companies leave money on the table. Some leave a lot; some leave a little. Some on all their product or services; some on only a few of their products or services. Where do you and your business standAlmost all companies leave money on the table. Some leave a lot; some leave a little. […]
Price walls are psychological price points where small price changes generate significant changes in sales volume and revenue. I am live on LinkedIN and streaming live to YouTube, FB and FB groups and pages. StreamYard tool has been great. Want to create live streams like this? Check out StreamYard: https://lnkd.in/gAk-eUCE
Reliability has direct impact on your Revenue and Profits. Move away from a Reactive or “firefighting” Reliability culture that drives inefficiencies to a culture of Strategic Reliability Management. Reliability impacts your product quality as machine stress can lead to variability, increasing returns, customer dissatisfaction, and increased costs. High variability costs money. Reliability requires vision, strategic […]
Top 5 CHALLENGES OF MAINTENANCE AND RELIABILITY in 2023. People, culture, plans, data –what should work on and start planning now.
Believe it or not, there is a way to have higher sales volumes at higher prices. It’s done with the proper pricing strategy. Let us discover these 7 secrets with Per Sjofors (The Price Whisperer).