PricingBrew

Insights & Tips

Already a subscriber? Login

Become a subscriber and unlock an information arsenal focused on making your pricing efforts more effective.

The 4 Keys to Pricing Career Success

If your current job ended tomorrow, how hard would it be for you to find a new position?

Of course, that answer is going to depend in part on the state of the economy and the current supply of qualified pricing professionals. But to a large extent, your answer is going to depend on you—the state of your skills and your recent accomplishments.

For the sake of argument, let’s assume that you are a happy, well-paid, loyal employee. In that situation, you might not give a lot of thought to your next career move.

That’s a mistake.

You never know what might happen tomorrow. Maybe your company will be bought out by another firm, and your position will be eliminated. Maybe you’ll need to move to another city for your spouse’s job or to take care of an aging parent. Maybe your current employer will hire a real idiot to be the next CEO, and you will need to jump ship. Or maybe you’ll just decide that you would like to move up the corporate ladder to a position that offers more responsibility and higher compensation.

If any of these things happen, you need to be prepared. And the best time to prepare is long in advance of when you want—or need—to move to a new job or a new company.

In order to prepare, we encourage people to build a transferable base of knowledge.

What does that mean?

If isn’t enough to know the ins and outs of the way your company practices sales ops. You need to have a base of understanding that will help you in your next position, whether that is at your current employer or somewhere else. More specifically, we tell people to build their knowledge in four key areas:

    1. Broader pricing best practices—How do other companies manage their pricing efforts? What are the best-in-the-business doing that you might be emulate?
    2. Data-driven decision-making, diagnostics, and analytics—Build your understanding of the latest tools and techniques for identifying the root cause of problems and implementing a solution that will solve those problems.
    3. Sales and marketing models and financial concepts—Of course, you need to understand the terminology of pricing. But if you want to be valuable to a future employer, you also need to understand the key terms and concepts from these other areas of the business.
    4. Influence, storytelling, and change management—Having the soft skills that enable you to influence other people even if you don’t have authority over them can be invaluable.

So are you ready to find a new job?

Even if you don’t want one now, it’s good to know that you could find a new position if you wanted to. For more tips on acquiring the skills and making the right moves to improve your employability, check out the webinar Advancing Your Career in Pricing. There will never be a better time than today to start preparing for your next career move.

Get Immediate Access To Everything In The PricingBrew Journal

Related Resources

  • Powerhouse Pricing Teams

    In B2B, dedicated pricing teams are still a relatively new development. And as such, there are no long-standing rules for how everything should work. In this on-demand webinar, explore the common traits, characteristics, and behaviors of successful pricing teams that have been around longer than most.

    View This Webinar
  • Boosting the Pricing Team's Influence

    How can a B2B pricing team improve results when they don't control all the cooks in the kitchen? How can they be heard when others don't have to listen? In this session, learn the science of influence and persuasion.

    View This Webinar
  • Developing An Effective Global Pricing Capability

    In this informative conversation with Lynn Guinn, the Global Strategic Pricing Leader for Cargill, learn about developing and maintaining a high-performance pricing function in one of the largest and most successful agricultural companies on the planet.

    View This Interview
  • The Fundamentals of Value-Based Pricing

    Value-based pricing is like any other business practice in that most of the power comes from mastering the fundamentals. In this on-demand webinar, learn the core concepts and essential processes that generate the most bang for the buck.

    View This Webinar