Avoiding Three Costly Price Segmentation Mistakes
Learn About Three Common Mistakes That Can Weaken the Foundation of Your Pricing Efforts
Price segmentation is undoubtedly the cornerstone of any successful pricing program. But the concept is new for many companies and as a result, many companies end up making costly mistakes that put their whole program in jeopardy. In this diagnostic, you'll learn:
- Why it's so common for companies to use existing segmentation models that aren't effective for more profitable pricing.
- The two problems that occur when your segmentation model doesn't reflect the true price granularity of your business.
- Why statistical segmentation analysis is so much better than intuition---and how it's easier than you might think.
- How to get over the organizational hurdles to creating a new model when your current one isn't as effective as it could be.
This diagnostic is just one of hundreds of educational resources you get access to as a PricingBrew Journal subscriber.
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How to Explain Price Segmentation to Others
As powerful as it is, price segmentation can sometimes be difficult for people outside of pricing to understand. This tutorial simplifies the concepts so that just about anyone can understand this important and foundational concept.
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Boosting ASPs (Average Selling Prices) to Drive Profitability
The use of averages are as common in business as they are in sports. Average selling prices (ASPs), however, can hide a lot of profitable truths. In this case study, Peter Maniscalco reveals how one building materials company dug deeper to find profitable opportunities.
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Six Price Optimization Misconceptions Exposed
Price optimization can provide a significant competitive advantage for the companies that have adopted it. This guide explores the mistaken beliefs that could be costing you sales & margin dollars.
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