How to Combat Competitive Pricing Pressure
Strategies and Tactics for Dealing with Competitors' Price Moves and Discounting Behaviors
Faced with hyper-competition and an uncertain economy, it's tempting to want to "meet or beat" your competitors at every turn. And you'll certainly get no objections from your salespeople should you decide to match those "competitive offers" your customers are so generously willing to share. But how should you respond to competitive pricing pressure? How should you answer their price moves? And how should you react to their purported discounting behaviors in the field? In this on-demand training webinar, you will learn about:
- The true role that pricing plays in most B2B buyers' purchasing decisions and vendor selection processes.
- Why visibility into your competitors' pricing may not be the best way to determine how you stack up.
- Strategic steps you can take to reduce discounting pressure well before the deals are even on the table.
- The variety of ways customers will use your competitors against you...and how to respond effectively.
This webinar is just one of hundreds of educational resources you get access to as a PricingBrew Journal subscriber.
More Subscriber-Only Resources From Our Library
-
21 Questions About Your Price Segmentation
It can be difficult to know if your price segmentation model is as effective as it should be. This 21-point diagnostic assessment helps you measure how good your model really is and uncover potential areas of improvement.
View This Diagnostic -
Where Should the Pricing Function Be Located?
Should Pricing report directly to the CEO? Should it be located in Sales, Marketing, Product, or Finance? While none of these organizational locations is perfect, through our research, we've been able to identify and document some of the common pros and cons associated with each location.
View This Research -
Identifying the Right Unit of Value for Pricing
Simple pricing structures can hurt revenues and profits when they fail to align customer value and costs. This case study demonstrates how to identify the right "unit of value" for both pricing and costing purposes.
View This Case Study -
The Fundamentals of Effective Subscription Pricing
With subscriptions, the first order is just a fraction of the business you hope to get over time. So how do you do get the pricing right? In this recorded webinar, learn the processes, practices, and measures that can boost subscription pricing effectiveness.
View This Webinar
