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 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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Price Tracking as Current as Amazon

The giant Amazon arrived in Australia and has been generating a variety of opinions about what the future holds for online and physical retailers

“Experts believe that proaction doesn’t necessarily mean absolute price and service competitiveness with Amazon but rather developing an effective total marketing package and a flexibility geared to fast decision-making”, says  Roger Pugh from The Big Smoke Australia.

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