Pricing strategy is one of the most important business strategies. 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 making a decision to buy an iPad. In the same time, my […]
Every entrepreneur starts a business for the most important purpose. To make a profit and to improve her personal life. Profitability is something that is the most wanted thing in the life of every entrepreneur. If you have $5,000.00 this year, you will want $7,000.00 next year. If you have $10,000.00 profit this year, you will
The prices that you are using to sell your products and services are a business element that can have a really high business potential energy for your company. Choosing the right pricing strategies can have a large effect on the quantity of the business potential energy your company will have.
Many entrepreneurs in the time of recession think that the best way to increase sales and keep their existing customers is to start lowering their prices. Additionally, many of them are lowering prices to eliminate competition, and to increase revenue and sales. And in many cases, they do that! However, there are many hidden and visible