Stratinis' Blog | Price Optimization and Revenue Management Insights and Tips

Use A Pricing Strategy to Boost Your Sales

Written by Stratinis | 01-Aug-2014 08:29:00

Harvard Business Review answers what is the fastest way to profitably sell more of whatever it is your company sells. The verdict - better pricing. McKinsey & Co. studied the Global 1200 and found that if they raised prices by just 1% - and demand remains constant - profits would go up on average by 11%. To improve pricing following the 4 Cs is crucial:

  • Confidence
  • Compensation 
  • Choice 
  • C-level 

Read more at http://blogs.hbr.org/2012/07/use-pricing-strategy-to-boost/ 

See how Stratinis Pricing Management Software can help you achieve your business potential.