Product
Pricing
Pricing has the most immediate impact on profitability in the marketing mix; yet many companies aren’t
well versed in pricing strategy and tactics. Many marketing managers either leave
money on the table or destroy category profitability by improperly pricing their products.
Pricing can be used as an offensive or defensive weapon but the ramifications of pricing moves should not be taken
lightly. Pricing misconceptions abound in the marketing community, many marketers
believe that market share is the panacea to maximizing company profits – it is not!
We’ll analyze your pricing matrix in the market and make recommendations as to its suitability
by comparing with competitive offerings and customer desires. We’ll evaluate
the competitive offerings to determine when you should challenge your rivals and when you should not confront them. The bottom line is that we’ll use pricing as a tool to optimize your company profits!
Pinnacle Pricing Services:
- Pricing Analysis & Strategy Formulation – We’ll collect marketplace pricing data, analyze it, and develop a strategy
to optimize product sales and profits.
- Profitability Maximization Plan – We’ll make recommendations on how to maximize profit by increasing budgetary support
on certain products while decreasing it on others.
- Pricing
Migration – We’ll
conduct longitudinal pricing analyses to make pricing recommendations throughout product and industry life cycles.