Pricing,For,Profit,Copyright,B marketing Pricing For Profit!
Automation technologies represent a fundamental aspect of any modern industry. The major types of industrial automation solutions, such as DCS, PLC, SCADA, and MES, are used on a large-scale in process and discrete industries.DCS technologie Awhile ago, I got an email from one of the "gurus" I follow and it shocked me. The gist of it was this person wanted to trade services for a household item.To say it floored me would be an understatement.What was worse was a few days later t
Copyright © Bill Vannot - All Rights Reserved http://www.successful-marketing.com===================Are your prices set for success? If you study consumerpsychology, you might run across suggestions that pricesending with the number "7" can possibly sell more often thanprices ending in other numbers,One example would be to try pricing something at $4.97 topossibly make more of an impact, than pricing it at $4.99.Have you tried this pricing technique? Set up a test and seeif it works better for you. Can a difference of only 2 centsreally make a difference in the sales you stack up?If you sell higher quality products or services, this couldcheapen your product or service's image, so you should avoidthis pricing strategy for expensive items. If your brand issolid, your offers can absolutely command and get higherprices.You can also try lowering your prices. It could work foryou if your customers buy more than one item from you. Itappears to be more of a bargain if you say $35.00 for oneor $97 for 3 items. It isn't a big saving but it is a bitmore eye appealing. Sometimes, bundling items is a goodidea, at a slightly reduced price.Creative psychological pricing strategies also include usinga technique that seems to lower the value of your productor service. Here's an example, if you charge a $400 annualfee for your service, try offering the same service for$7.50 a week. It's almost the same price but the weeklycost of $7.50 seems to look cheaper than hundreds ofdollars.Test your products and services with psychological pricing.If it works for you, your sales just might increase!--------------This article may be reprinted freely as long as thereference box remains intact.
Pricing,For,Profit,Copyright,B