Pricing for Profit series, Part 4: Assortment Pricing

  • 18 Aug 2022

Many companies lack a structured pricing strategy and we often see that our clients lose out on profit when the offer is all-inclusive. Setting your prices for large product assortments can be challenging, and oftentimes, they are not profitable enough. At PriceGain, we help you implement a pricing strategy that saves you both time, and unnecessary costs. So what can our clients expect? Our pricing projects result in a profit improvement of at least 2 - 4 percentage points. 

So how can you boost profits for your large product assortments through the implementation of a pricing strategy?

At PriceGain, we advise our clients to implement a pricing strategy where you move away from Cost Plus and all-inclusive, and focus more on price differentiation and modularization. We always advise our clients to have structured price lists so that their customers will get a customized experience. By implementing a price tool, you can facilitate the price administration. Most importantly, we tell our customers to do continuous follow-ups in order to measure the success of their pricing strategy.

It is more important now than ever to look over your pricing strategy so that you can identify revenue leakages and boost your business results! Through one of our pricing projects, you can achieve great results both short- and long-term. Get in contact with us!