Is Volume Pricing Right For Your Business?
A pricing strategy that allows discounts for bulk purchasing, volume pricing offers financial incentives for consumers to purchase products and/or services in high volumes. Volume pricing can motivate purchasing behaviours where a customer will buy in bulk to simply to achieve a discount. If your business operates in a highly competitive environmen ... Read More
January 19, 2018 discount pricing, pricing, pricing strategyPricing Strategies to Clear Stock
Many people, buyers and vendors alike, do not understand the fundamental differences between tiered and volume pricing, and sometimes they even consider them to be the same. Both pricing models reward buying in volume with discounted prices. However, it is detrimental to business to think they are the same, as if their differences are understood [& ... Read More
December 22, 2017 discount pricing, pricing strategyDiscount Pricing Strategy Explained
A pricing strategy is an important element of a lucrative business. More than any other element, a pricing strategy directly impacts the amount of profit you make. Choose a pricing strategy that helps you meet your sales objectives, enhances your brand perception and provides the best profit point for market demand. A discount pricing strategy [&he ... Read More
December 5, 2017 discount pricing, pricing, pricing strategy, profit marginsDiscounts and inventory control
Trade and cash discounts are essential tools that you can implement to help boost sales and increase profitability. Such discounts are also an essential component for good inventory control, and can be used when it is necessary to sell large amounts at once or to reduce inventory in a short time frame. There are key […] ... Read More
October 27, 2017 business strategy, cash discounts, discount pricing, inventory control, trade discountsThe Advantages of Trade Discounts
Trade discounts are an excellent tool for increasing sales, boosting profitability, saving money and managing inventory. They are also an excellent method for maintaining customer satisfaction and attracting a wider consumer base. Lastly, they are a great tool for offsetting behind-the-scenes expenses involved with production, acquiring economic re ... Read More
September 16, 2017 discount pricing, inventory management, pricing, trade discountsMaintain Inventory Control Using Trade Discounts
Trade discounts are often used as a means to increase sales. They are an excellent way to sell off large amounts of stock, especially useful in the case of obsolete or excess stock. Therefore, trade discounts can form a vital part of your inventory control processes. Below, we examine the key features of a trade […] ... Read More
September 15, 2017 discount pricing, excess stock, inventory control, inventory management, trade discountsPricing It Right: Trade Discounts
Trade discounts refer to a pricing strategy or incentive that a supplier might offer to a consumer to encourage loyalty and increased purchasing. There are many advantages to trade discounts for both the consumer and the supplier. Advantages of trade discounts for the consumer Lowered business costs By taking advantage of trade discounts, especiall ... Read More
September 2, 2017 discount pricing, pricing, pricing strategy, trade discountsShould Your Business Consider Discount Pricing?
Choosing a pricing strategy is a difficult decision, but one that every business needs to make. Pricing strategy affects most aspects of a business, including its revenue, market share and profitability. As a general rule, low prices are considered to attract customers, making cut price or ‘discount’ pricing strategies increasingly popular. Sho ... Read More
August 28, 2017 discount pricing, pricing, pricing strategy