The Pricing Insight Weekly
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Tags: profitability
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Why should you avoid excessive discounting?
Offering discounts is tempting for small business owners and e-commerce entrepreneurs. After all, discounts often lead to an immediate growth in sales and higher volumes during campaigns. But is this short-term gain actually worth the long-term risks? For businesses relying too heavily on discou...
by Marika Päiväniemi —
Nov 24, 2024
campaign pricing
discounting
profitability
Should you raise prices? How to do it without losing customers?
The primary challenge is fear—fear of losing customers, fear of backlash, fear of reduced sales. Why maintaining profitability should be a top priority for your business? Why making price adjustments and then just staying silent can often lead to more significant issues? Those are the questions ...
by Marika Päiväniemi —
Nov 17, 2024
justification
price increase
profitability