It's all About the Product: Pricing Your Product Correctly

Step Category: Pricing Your Product Correctly

TIERED PRICING MODEL

Tiered pricing model: how can online businesses use this pricing model in 2021

Tiered pricing is a model that is used for monetizing services and products based on different tiers that consumers prefer.  The tiers are different packages with specific features as preferred by consumers. If you have a service or product you are providing in your online business that can be divided up into different segments, then …

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SKIMMING STRATEGY

How can your online business use a price skimming strategy in 2021?

Product pricing is an essential part of any online business strategy. How you price your product will determine your sales, profit margins, and sometimes even the customer’s perception of quality. Pricing strategies determine many of the key objectives of your online company, including marketing position, brand positioning, and revenue objectives. Price skimming is one of …

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