Increase your business potential energy
Last week we talked about four ways to increase prices for your business. In that post, I’ve described four different techniques to increase your price based on different situations as a reason for that step. But, the real problem when we talk about raising the prices is the customer’s perception. I don’t know entrepreneurs that [...]
When we talk about prices, it is very sensitive question for each entrepreneur. Higher price mean more profit, but on the other side, it’s also danger to lose some of your current customers. Sometimes as an entrepreneur you are forced to increase your price. That forces are dictated from your market, and they are highly [...]
Pricing strategy is one of the most important business strategy. The wealth of your business in much will depend on that pricing strategy and customers perception about your prices. I am Apple’s iPhone user nearly one year, and now I am close to make a decision to buy an iPad. In the same time, my [...]
Prices are one business element that can have business potential energy. Choosing the right pricing strategies can have an important impact on the quantity of the business potential energy. If you choose pricing strategies that means lower prices your potential energy will be smaller because prices have a direct impact on your cash flow and cash [...]
Many entrepreneurs in the time of recession think that best way to increase selling and keep their existing customers is to lower their prices. And they do that! However, there are many hidden negative effect for the business. You can see only the profit as one of the negative effect, but not the hidden effects [...]
