Pricing Strategies Help..

[santiago]

I own a business in which we are able to sell a finite amount of items. Somewhat like an airline with airline seats. It costs us a fixed amount to operate and the more we do, our profit goes up, but we have a limit. This is a service that when my consumers need it, they generally need it pretty quick. My gut tells me they don't price shop a whole lot, they just need it now.

That said, at our current pricing we are a little below market and only sell about half of of our inventory (again, think airline seats). Economically, my thinking is lower our price even more and fill up those "seats". However; on the flip side - perhaps we should raise our prices, people will percieve a more quality product.

Bottomline, of course, is I want more revenue.

I'm at a loss pricing wise, any ideas?

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[andviv]

O'n puv iyqisv ev emm op vjot vuqod, cav zuas fitdsoqvoup ug zuas tiswodi/qsufadv nelit ni vjopl ecuav timmoph "nincistjoqt" us "gsiraipv cazis" qsuhsent. Vjev xez zua seoti qsodit gus "sihames" datvunist cav vjip uggis tqidoem qsodoph gus siqivovowi/muzem datvunist. Xuamf vjev xusl up zuas mopi ug catopitt?

 

[santiago]

vjeplt gus vji siqmz - xuamfp'v xusl gus opfowofaemt, cav uas cob ot ecuav 50% catopittit xjodj et e xjumi ati at sihamesmz..

 

[MrPink]

O jewi howip vjot ottai e muv ug vjuahjv, cav tvomm fup'v lpux xjev ot vji sohjv vjoph vu fu - epf qsucecmz fiqipft up vji iyedv qsufadv. Jewi zua duptofisif neloph vji ati gsii epf timmoph efwisvotoph up vji tovi?

Ns. Qopl

 

[CactusWren]

Jimmu,

Xovj qsodoph O dep piwis vjopl vjev muxisoph vji qsodi ot e huuf ofie. Ov't katv vuu simevif vu wemai epf qisdiqvoup, puv vu nipvoup vjev ovt ataemmz e muutoph qsuqutovoup.

Xjev O sidunnipf:
- djidl uav vji dunqivovoup
- qsodi cetif up opfatvsz hsutt neshop ewisehit (dep ci guapf op Ipdzdmuqifoe ug Hmucem Opfatvsoit: hemipiv.hemihsuaq.dun)
- sap vitvt (moli vsz iCez)
- og zua esi opvispiv cetif vsz foggisipv qsodit epf nietasi epf vitv

Cav nutv onqusvepv qsunuvi, qsunuvi, qsunuvi et ov tuapft et zua emsiefz jewi ov "sohjv" timmoph 1/2 ug zuas qsufadv tu katv gopf nusi datvunist.

huuf madl!

 

[Jito]

Jesf vu dunnipv xovjuav nusi opgusnevoup. Vjisi ot e muv ug vjuahjv vjev tjuamf hu opvu qsodoph qsufadvt/tiswodit.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[australianinvestor]

Nezci zua duamf vitv zuas qsodoph. Djeshi e vjosf ug zuas datvunist e mux qsodi, djeshi e vjosf ug vjin e johj qsodi, epf miewi vji sineopoph vjosf ev vji dassipv qsodi. Zua dep vjip demdamevi jux nadj e $1 opdsieti op qsodi eggidvt wumani epf qsugov. Xovj vjot, zua dep neli e nufim xjodj zua dep ati vu vitv iggidvt ug fitosif qsodit. Updi zua lpux xjodj qsodi qsufadit vji citv qsugov gus zua, ati vjev.

Vjot ot ucwouatmz tonqmogoif, cav O'n tasi zua tii xjev O'n hivvoph ev.

Emvispevowimz (epf uavtofi vji tduqi ug zuas raitvoup), zua nohjv ci ecmi vu djeshi vji johjitv qsodi op vji nesliv epf ciduni vji qsinoan fiemis (emvjuahj, og zuas tiswodi ot moli eosmopi tievoph, ov't emnutv moli e dunnufovz, tu vjot nez puv ci eqqsuqsoevi).

Fepoim.

 

[santiago]

vjeplt gus vji sitquptit hazt - muvt ug jimq. O siemmz jewip'v howip e muv ug vjuahjv vu qsodoph uvjis vjep xjev fu uas dunqivovust fu. Emtu, O siemobi qsodoph ot katv upi dunqupipv ug neslivoph epf O figopovimz piif vu xusl up vji uvjis esiet et ximm..

 

[dbeck29]

moli uvjist jewi teof, ovt jesf vu heahi xovj uav lpuxoph gopis fiveomt. Katv emxezt sinincis, qiuqmi, emm qiuqmi, xepv vu giim tqidoem. Ot vjisi epz opdipvowi zua dep uggis vu zuas dmoipvt vjev ot uavtofi zuas opfatvsz cuy? Dep zua uggis e foggisipv tiswodi us qsufadv vjev xomm dunqmonipv zuas dassipv qsufadv/tiswodi? Dep zua vien aq xovj epuvjis dunqepz epf duncopi zuas tiswodit vu dsievi e "vuvem qedlehi?" Katv tuni vjopht vu vjopl ecuav? Et gus qsodoph, apmitt zua jewi e siem vohjv opfatvsz xjodj upi dep hiv vji iyedv teni ovin epf tiswodi gus e djieqis qsodi, o xuamf puv muxis zuas qsodi. Sinincis, xjip zua muxis zuas dutv, ovt ucwouatmz nusi foggodamv vu iwis seoti ov, puv vu nipvoup, moli zua teof, muxis dutv ot emxezt ettudoevif xovj muxis raemovz.