Remove prestige-pricing
article thumbnail

Prestige Pricing Explained in 600 Words or Less

Hubspot Sales

And if we do purchase one of these products, we're often left thinking, "Is the actual value and quality of this product really worth the price I paid for it?". If you've ever found yourself with an expensive good that doesn't measure up to your expectations, it's likely it was priced using a prestige pricing strategy.

article thumbnail

Pricing Objectives: What They Are and Why You Need One

Hubspot Sales

Now, I'm going to go out on a limb and guess he wasn't talking about pinning down a pricing strategy for your business, but that quote still applies in that context — although maybe with a little less dramatic flair. Pricing objectives are an essential component to consider when pinning down an ideal price point.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Geographical Pricing: What It Is & How You Can Make the Most of It

Hubspot Sales

In many cases, your pricing strategy needs to reflect that variability. That process — folding location-based considerations into your pricing strategy — is known as geographical pricing. Geographical pricing — or geo-pricing — is a catch-all term that encompasses a wide range of strategies. Zone Pricing.

article thumbnail

The Ultimate Guide to Pricing Strategies

Hubspot Sales

Setting prices for your products can be tough. Set prices too high, and you miss out on valuable sales. Thankfully, pricing doesn’t have to be a sacrifice or a shot in the dark. If only pricing was a simple as its definition. It’s not uncommon for entrepreneurs and business owners to skim over pricing.

article thumbnail

8 Pricing Mistakes That Can Seriously Stifle Sales

Hubspot Sales

For many companies, pricing strategy essentially amounts to guesswork — shooting in the dark and hoping they land on prices that customers are willing and happy to pay. That said, pinning down an optimal price for a product or service is admittedly easier said than done. Pricing Based Solely on Undercutting Your Competition.

Sales 110
article thumbnail

Everything You Need to Know About Value-Based Pricing

Luminas Strategy

In this article, AJ Beltis at HubSpot brings real clarity to value-based pricing. For those who would like to understand value-based pricing in 10 minutes or less, this article will help you meet that objective. ” With prices readily available online and in-store, it’s likely transactions are moving this way.

article thumbnail

Everything You Need to Know About Value-Based Pricing

Hubspot Sales

Imagine a sales conversation unfolding as follows: Salesperson: " So, you’re interested? ". With prices readily available online and in-store, it’s likely transactions are moving this way. What is Value-Based Pricing? Three Ways to Set Your Value-Based Price. Potential Buyer: " Yeah, I might buy this.