Search results
Results from the Tech24 Deals Content Network
What Is Competitive Pricing? Competitive pricing is the process of selecting strategic price points to best take advantage of a product or service based market relative to competition.
Competitive pricing is the process of selling your products or services at the same or a lower price than your competitors. Businesses can also practice competitive pricing by offering more attractive payment terms than their competition.
Want to jump right into the action? Here are the steps to conduct a competitive pricing analysis: Identify the competitors to analyze. Pull pricing data (plus details on how to do it). Compare and analyze that data for conclusions. Put together an action plan.
Setting competitive pricing involves an in-depth study of your target market. Monitoring competitors’ prices daily is a great way to gain insights into their data, capitalize on their weaknesses, and reevaluate your strategy.
Competition-based pricing is also known as competitor-based pricing or a competitive pricing strategy. It's often used by businesses that sell similar products.
Competitive pricing is a means of increasing sales by using competitors’ products as a benchmark for how much a good is likely to sell for. Learn how this strategy works in the real world.
Competitive pricing analysis involves an in-depth study of your target market. The research must include how your competitors price their products compared to yours.