Strategic Pricing Tips for Small Businesses in a Post-Inflation Economy
Navigating small business pricing in a post-inflation economy is challenging. Competitor assessment is crucial, but pricing solely based on competitors may lead to underpricing. Subscription or tiered pricing models can help maintain revenue flow. Transparent pricing builds customer trust. AI and technology advancements are lowering barriers to entry. Entrepreneurs should focus on value, not just being the cheapest. Loss-leader pricing can generate early buzz but must be tied to a limited timeframe.
Comments
Post a Comment