TLDR Companies need to invest more in price discovery and optimization. Prices are very important, but most companies don’t try very hard to get them right. Let’s first establish that pricing is extremely important. Some general comments: Customers’ willingness to pay signals how much they value a product or feature.
Depending on the industry, there's also a value knowledge imbalance (leading to price disparities) between buyers & sellers. I just finished reading an article on estate sales where this manifests itself every single day.
Depending on the industry, there's often a value knowledge imbalance between buyers & sellers - leading to pricing "advantages". I just finished an article on estate sales where this mechanism is on full display.
Ok :) I'll add a pricing follow-up to the backlog.
Depending on the industry, there's also a value knowledge imbalance (leading to price disparities) between buyers & sellers. I just finished reading an article on estate sales where this manifests itself every single day.
I'd also be interested!
Yes, very interested. We have tried all these old models and never we are sure if we are doing it right.
I would like to know more about your analytics approaches to pricing,
Thanks :)
Please follow up with your analytics approaches to pricing - very interested to see that!
Yes, very interested!
Depending on the industry, there's often a value knowledge imbalance between buyers & sellers - leading to pricing "advantages". I just finished an article on estate sales where this mechanism is on full display.