The Impact of Cost, Value and Competition on Your Pricing Strategy

Price. It may be the single most important element to impacting a customer’s decision to buy; either online or offline.  Add to this the fact that markets are always changing and the need to have the right pricing strategy is more important than ever.

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How to Improve Demand Forecasting with Price Monitoring

Before you go shopping, do you compare the prices in different stores before finally settling with the best price? If you do, you’re really not alone. In fact, 86% of consumers actually browse through and compare the prices of products at different places before they finally make that purchase.

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How This Online Retailer Tackles Price Competitiveness

Customers nowadays expect not only personalised experiences, fast and reliable service, but also the best pricing for the products they’re interested in buying. Knowing your customer and what drives their purchasing habits is important.

Everten Online, Kitchenware Online Retailer, spoke to CMO about how they exceed customer’s expectations.

“Being an online store, you lose that face-to-face with customers, and we really try to go the extra mile by helping our customers and giving our customers good advice when they call. We have very knowledgeable customer service team,” he says.

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