Today's Revenue Management thought:-

Written By Nikolas Hall

It’s practically tradition for the holiday season to mean great deals…..

Prior to choosing a holiday pricing strategy, it’s important to take a 360-degree view of your business and the competitive landscape, in addition to evaluating some strategies that can help to preserve profit margins.

Some of strategies include:

  • Calculate Your Minimum Price

  • Do Your Own Market Research

  • Proactively Gauge Demand

  • Do Competitor Research

  • Statistics Say Free Shipping Is King

  • Margin-Preserving Pricing Strategies

  • Emphasize Value Year Round

Conducting some thorough research and business analysis, coupled with some strategic short-term and long-term planning, your business can rack up holiday revenue

Have a profitable week.

✌🏼

Nikolas Hall
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