7 Lessons on Dynamic Pricing (Courtesy of Bruce Springsteen)

Harvard Business Review

Raising prices is rarely frictionless. Pricing strategy Digital Article

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10 Rules of Pricing for Consulting Firms

David A Fields

Pricing your consulting firm’s projects is tricky. The post 10 Rules of Pricing for Consulting Firms appeared first on David A.

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Get Over Your Fear Of Pricing.

Rich Gee Group

Whether you’re established in business or just getting started, you want your pricing to position you as a leader – not as a follower. A confession — I used to stay safe and secure (comfortable) by keeping my prices low. ” Even more insidious, I was so afraid of hearing “NO” from potential clients that I priced my services really low so that getting a client never made any difference to my finances. The post Get Over Your Fear Of Pricing.

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A Look at the Bitcoin Price History

Strategy Driven

However, Bitcoin prices tend to be highly volatile and its price fluctuates so much. In this guide, we will take a look at the Bitcoin price history. History of Bitcoin Price. If you look at the price of Bitcoin over the years, there is one standout feature.

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Best Practices for a Marketing Database Cleanse

As frustrating as contact and account data management can be, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information. Entrusting a vendor to help maintain its accuracy and completeness is no ordinary engagement. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.

The Price Leaders Pay for Silence

Lead Change Blog

But This is Their Job! Have you ever heard a supervisor say something like, “Why should I have to encourage people? This is their job isn’t it?”. Have you ever thought those words yourself? Recently, I received an incredibly strong answer to this question from Jennifer, a former store manager at a national women’s clothing chain. Jennifer is outgoing, incredibly gifted at making customers feel comfortable, and was considered a “high-potential” by her district and regional managers.

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Crude Oil Prices: "Random"? Hardly.

Coaching Tip

Last week's shocking spike in crude oil prices is +12% and counting, the biggest one-week gain in five years. Yet, it was a bigger cut than the market expected; plus, the fact that OPEC members came to an agreement at all was enough to play a role in soaring prices. Oil prices went all over the place -- down 4% one day, 3% the next. That's why Elliott wave price patterns often get particularly clear when volatility strikes.

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Talking to Your Customers About Prices

Harvard Business

Pricing strategy Economics Marketing Digital ArticleEven if inflation means you have to charge more, don’t try to hide it from your customers.

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What’s Your Time Worth? Why Pricing Matters

N2Growth Blog

Are you shooting yourself in the foot with your pricing strategy? What does your pricing say about your personal or corporate brand? Do you have a pricing strategy, or do you set your prices by some ethereal or arbitrary method? Even though I believe issues surrounding pricing decisions are root level drivers to a successful business strategy, I never cease to be amazed at how many corporations and professionals seem to pull their pricing out of thin air.

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9 Pricing Rules for Your Consulting Firm’s Advisory Engagements

David A Fields

Your consulting firm’s clients may consume all three, however, the rules for pricing are different in each case. The post 9 Pricing Rules for Your Consulting Firm’s Advisory Engagements appeared first on David A.

Precision Pricing When Inflation Is Rising

Harvard Business

Pricing strategy Operations and supply chain management Finance and investing Digital ArticleAn unstable environment calls for a customized approach.

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How is your organization handling price increases and rising costs?

Thought Leaders LLC

Our reader poll today asks: How is your organization handling price increases and rising costs? Prices are going up, but people understand (within reason). We’re accepting those increases — everything costs more these days and we understand 22.56%.

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Why Price Fixing Continues

In the CEO Afterlife

Last year, EU regulators fined P&G and Unilever to the tune of $456 million for price fixing laundry detergents in eight European countries. Regional underlings do not orchestrate an eight country price cartel. So, knowing that price fixing is illegal, why would these European executives put their companies and themselves at such risk? They either colluded to collectively benefit from higher prices or negate nasty price wars that ravage bottom lines.

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When Pricing Algorithms Hurt Customer Relationships

Harvard Business

A conversation with Esade professor Marco Bertini on how pricing algorithms hurt customer relationships. Pricing strategy Algorithms Psychology Audio

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What is the Price?

Kevin Eikenberry

Consulting Speaking Training Products KevinEikenberry.com About Blog Home Blogs I Like Leadership Learning Subscribe What is the Price? by Kevin Eikenberry on January 8, 2011 in Books , Decision Making , Leadership , Learning A couple of months ago I became aware of a book that was coming out soon and I was fascinated by the title. The book is called The Price of Everything: Solving the Mystery of Why We Pay What We Do and is written by NY TImes Editorial Board member Eduardo Porter.

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The Price of Connection

Decker Communication

How do you put a price or value on connection? Eye communication may not seem like it’s worth that much to most of us, but the price of connection, in this case, was huge. The post The Price of Connection appeared first on Decker Communications. On being present? Jay-Z is a genius and talent in music who is practically unequaled.

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Differentiation’s Arch Enemy: Price

In the CEO Afterlife

Last year, EU regulators fined P&G and Unilever to the tune of $456 million for price fixing laundry detergents in eight European countries. Regional underlings do not orchestrate an eight country price cartel. So, knowing that price fixing is illegal, why would these European executives put their companies and themselves at such risk? They either colluded to collectively benefit from higher prices or negate nasty price wars that ravage bottom lines.

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Your Guide to Proper Product Pricing and How to Tackle It

Women on Business

Women On Business Sponsors pricingWe've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

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Should You Raise Your Prices This Summer?

Harvard Business

Pricing Digital ArticleSix factors to consider.

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The price of leadership

Lead on Purpose

Whether you want to pay the price to reach the leadership level of your dreams is the real question you need to sort out. Ray Hopkin gives us The Price of Leadership, from Lead on Purpose.

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Pricing Strategies for Uncertain Times

Harvard Business

A conversation with pricing expert Rafi Mohammed on when and how to change prices in response to Covid-19. Pricing Strategy Crisis management Audio

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The price is… er, ah, the price is ah…

Strategy Driven

The price of whatever you sell carries with it a discomfort for most salespeople. They’re hesitant to bring up the price because it’s the final element in completing any transaction – or so they think. Actually, price or fee or rate is a logical progression of a presentation. If the rest of the elements of a presentation have been properly communicated, and transferred, then price is not a barrier to sale. Price also brings truth.

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How B2B Firms Can Price with Confidence as Inflation Rises

Harvard Business

Pricing Digital ArticleFive strategies.

Educational Entrepreneurship – A Conversation with Pamela Price

Survive Your Promotion

Standing on her front porch, Pamela Price can see the acceleration of homeschooling happening right in front of her eyes. “We Pamela Price and her husband were already fairly sure they would homeschool their son through preschool when their choice was solidified by a reaction to peanuts. Living Differently Parenting Educational Entrepreneurship Homeschooling How to Work and Homeschool Pamela Price

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Could Your Consulting Firm’s Price Increase Tomorrow Help Sales Today?

David A Fields

The post Could Your Consulting Firm’s Price Increase Tomorrow Help Sales Today?

Market Basket and the Price of Vengeance

Modern Servant Leader

Arthur T. DeMoulas is a servant leader. We know this by the thousands of employees, customers and other stakeholders protesting his dismissal from the role of company president at Market Basket. However, according to most accounts, cousin Arthur S. DeMoulas and his side of the family seek vengeance against Arthur T. DeMoulas, for the perceived sins of his father. In fact, Arthur S. and his team refuse to accept an offer to buy him out, even though the ongoing boycotts cost them $10 Million / day.

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The Price of Core Values is 80 Dollars

N2Growth Blog

In no time I was in discussion with my driver, not about the price (which I was ultimately prepared to pay), but about the fairness of what I have unintentionally agreed upon. I ended up paying 80 dollars, which seems a reasonable price for Mohammed and me to arrive at our shared core values. . I recently spent a couple of days in New York.

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Accuracy on the Internet: The Price of Freedom is Personal Responsibility

Jesse Lyn Stoner Blog

However, the price of this great freedom is increased personal responsibility. The post Accuracy on the Internet: The Price of Freedom is Personal Responsibility appeared first on Seapoint Center for Collaborative Leadership. The Internet is one of the final frontiers. Untamed and unregulated, it offers huge opportunity for individual freedom in exploration and communication. With a smartphone, you have access to anything you want to know at all times.

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How to Find the Best Prices for Your Old Gadgets

Strategy Driven

In this article, we will be providing you with insight into how you can go about finding the best price for your older gadgets. Compare The Price Before Hand. When looking at your old devices, it is important to look at the price beforehand.

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If You’re Going to Raise Prices, Tell Customers Why

Harvard Business

Pricing Customers Digital ArticleA research-backed approach to communicating the change.

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Why Putting Your CMO in Charge of Pricing May Be the Best Decision You Can Make

CEO Insider

A study conducted a few years ago analyzed the impact of five operating levers—price; revenue; cost of goods sold (COGS); selling, general, and administrative expenses; and research and development—on the bottom line of any business.

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Price negotiation: 5+1 ways to win with purchasing managers

Bernd Geropp

Price Negotiation with Purchasing! As a small business owner in B-to-B you may find yourself struggling during price negotiations. But watch out: Don’t believe the 3 myths for price negotiations with purchasing managers. Don’t lower the price without getting something in return. Only make price concession if you can get a comparable value in return. Example: You are prepared to reduce your price by 2%.

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Why is Inflation All over the World the True Reason for the Decline in the Bitcoin Price?

Strategy Driven

Here when the demand rises for something, it also leads to the rise in price for the same. And if the supply increases for something then it eventually results in the decline in the price for the same. Hence, the more supply can absolutely lead to fall in prices.

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Pricing Is Not a Moral Issue

CO2

Ben Shapiro, my professor of marketing at Harvard Business School , taught me that pricing is not a moral issue. Yes, some markets are dominated by only a handful of players, limiting buyers’ options, but there are laws to prevent monopolies, unfair market pressure, and price fixing. When setting prices, don’t picture yourself as the buyer. Set the price that’s best for your business. Business General Pricing

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How Should You Price Loosely Defined Projects?

David A Fields

I get the value (no pun intended) in the pricing structures you recommend, but in my circumstance a fixed price seems very risky. What’s the best way to package and price my services? Do you face a similar situation and, if so, how do you price your offering? Do you think there is a way to used fixed, value-based pricing when the scope is […]. A consultant asked me the following question: I often do work that is difficult to scope at the outset.

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The Effect Of Economic Uncertainty On The Price Of Oil

CEO Insider

Ongoing political uncertainty can take its toll on a number of different elements of society, whether it be the price of the weekly food shop or even the increased cost of fuel.

Upgrade Your Pricing Strategy to Match Consumer Behavior

Harvard Business

Pricing Digital ArticleThree hacks based on behavioral science.

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Losing Projects Due to Pricing

David A Fields

The post Losing Projects Due to Pricing appeared first on David A. A question I was asked…My proposal got turned down, it was completely out of the ballpark, what am I doing wrong?…See …See my response in the Solo Consultant’s Network. Fields. Agreements Closing Consultants Context Discussion Creating Value Fees Positioning Proposals Relationships adding value agreements closing Consultative selling consulting fees fees positioning.

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Insider Insight on Price Fixing | In the CEO Afterlife

In the CEO Afterlife

Insider Insight on Price Fixing. You may have read the story about EU regulators fining P&G and Unilever to the tune of $456 million for price fixing laundry detergents in eight European countries. These regional conspirators orchestrated an eight country price cartel. So, knowing that price fixing is illegal, why would the European executives put their companies and themselves at such risk? One Response to Insider Insight on Price Fixing.

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Why Is Every Streaming Service Using the Same Pricing Model?

Harvard Business

As consumers get more options, creative pricing could be a differentiator. Pricing Digital Article

What a “Price Vocabulary” Is, and Why Companies Need One

Harvard Business

At Costco, it isn’t random that prices end in.99 Pricing Retail & Consumer Goods Digital Articleor.97.

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Business Coaching - Worth The Price

Six Disciplines

In an article published in the Harvard Business Review, " What Can Coaches Do for You? , HBR conducted a survey of 140 leading coaches and invited five experts to comment on the findings. Do companies and executives get value from their coaches? When HBR asked coaches to explain the healthy growth of their industry, they said that clients keep coming back because “ coaching works.

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Progress At Work, But Mothers Still Pay a Price

First Friday Book Synopsis

Bob''s blog entries Boston University researchers Mikaela Wapman and Deborah Belle Equal Pay Act Philip Cohen Progress At Work [comma] But Mothers Still Pay a Price Stephanie Coontz The New York Times University of Maryland The Evergreen State College in Olympia (WA) Will Reissner Women’s Policy Research Here’s a brief excerpt from an article written by Stephanie Coontz for The New York Times.

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