BlastOne International’s Post

Has this ever happened to you? I enquired about a service online and was told I would receive a quote within 20 mins – brilliant. Within minutes I received a phone call and they talked me through the service they offered. When I asked what the cost would be I just said ‘wow!’… in fact I nearly fell off my chair! They asked if I thought it was expensive and had I got a quote elsewhere. I said yes I had browsed online and seen what appeared to be the same service for a whole lot less. Then came the shocker … They promptly dropped their price by 50%. No justifying of the original cost. No selling how good their service is. How would that make you feel? I felt like they had ripped me off with the original quote by dropping by 50% instantly. 2 things to take from this If you’re going to discount, give a reason why. Although rather than discount could you add something for free or offer different levels of product/service for different prices? Value your pricing and stick by it, explain why it costs as much as it does. If you know what your competitors aren’t offering with their quotes, highlight this (without bad mouthing your competitors) #Customerexperience #CustomerLove

𝐍𝐞𝐰 𝐂𝐨𝐮𝐩𝐨𝐧 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬 🛍️ 📅 𝐒𝐭𝐚𝐫𝐭𝐢𝐧𝐠 𝐌𝐚𝐫𝐜𝐡 𝟏𝟐, 𝟐𝟎𝟐𝟒, 𝐜𝐨𝐮𝐩𝐨𝐧𝐬 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐧𝐞𝐰 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬. 🔖 Coupons are still required to have a discount percentage between the minimum (5% off) and maximum (50% off). Products will also be required to have a sales history before they are eligible to run, and a promotion price lower than either the "was price" or the recent lowest price. ❌ If a product's price or discount doesn't meet these requirements, it won't be eligible for a coupon until all requirements have been met. For coupon error messages, you can take the following actions: 1️⃣ 𝐏𝐫𝐢𝐜𝐞 𝐡𝐢𝐬𝐭𝐨𝐫𝐲 𝐢𝐬𝐬𝐮𝐞:To make your product eligible, create a sales history by selling more products to build the "was price." 2️⃣ 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭: Make sure your promotion price is lower than the "was price" or the recent lowest price to make this product eligible. 3️⃣ 𝐌𝐢𝐧/𝐌𝐚𝐱 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐢𝐬𝐬𝐮𝐞: Update your sale price discount percentage to be between the minimum (5% off) and maximum (50% off) to make this product eligible.

Ever wondered why that $999 price tag makes that $799 deal seem irresistible? 🤔 That's the power of price anchoring! It's a clever psychological trick where a higher initial price (the anchor) makes the lower, discounted price seem like a steal. 🤑 Think about it: wouldn't you be more tempted to buy a product originally priced at ₹50,000 now offered at ₹35,000? Even if you hadn't considered spending ₹50,000 initially, the discounted price seems incredibly appealing compared to the anchor. Here's how you can use price anchoring to boost your sales: 👉 Set a high initial price: Establish a reference point that makes the discounted price seem more attractive. 👉 Create a sense of urgency: Limited-time offers and flash sales can amplify the effectiveness of price anchoring. 👉 Highlight the savings: Clearly communicate the discount percentage or amount saved to reinforce the perceived value. Remember, price anchoring is just one tool in your marketing arsenal. Use it wisely and ethically to create a win-win situation for both you and your customers. Have you ever fallen for price anchoring? Let me know in the comments below! 👇

📢 Friendly Reminder! Pricing Adjustment for Everything DiSC and Five Behaviors Products This is another reminder to ensure you are informed about an important pricing adjustment for Everything DiSC and Five Behaviors products, effective July 1, 2024. Click here 👉 https://lnkd.in/gzYnHUaq to view the price change and to purchase your products! #PricingUpdate #EverythingDiSC #FiveBehaviors #Wiley #BudgetPlanning #CustomerSupport #ResourcesUnlimited

Price promotions, akin to painkillers, offer temporary relief to a suffering bottom line. However, this short-term gain often masks long-term damage. Although they can jumpstart sales, these promotions result in unsustainable transactions. They not only erode profits but also necessitate continuous investment to attract new customers, often the least loyal. Remember, business won on price is frequently lost on price. Competitors can easily undercut, making price-cutting a sign of desperation rather than strategy. It fails to establish a long-term rationale for customers to choose your company. Conversely, consider the vitamin approach. By focusing on long-term marketing strategy objectives, you help customers achieve their goals. Listening to customers, valuing their importance, and positioning them favorably in their respective fields fosters lasting relationships. This not only benefits your clients but solidifies your company's reputation as a partner invested in mutual success. In conclusion, while price promotions offer immediate benefits, their long-term impact is often detrimental. A strategic focus on customer relationships and value creation is the key to sustainable success. #henrymittelman #businessgrowth #businesscoach

#read till the #end it's important for your company and individuals #delivering services/products to the society. Assume you supply product/service and your #product is delivered at excellent #quality, excellent #packaging and even at good #price. Good 👍that's cool. Certainly you need to maximize #profit and you real think you can degrade your product #quality and your customers will notice the #difference? YES, they will and your #sales will #fall. Sounds annoying, but it's what it is. And if they don't #fall, then you have been over- engineering your products- making them too good for the #market. many #companies do exactly this without knowing it. when #degrading noticed will spoil the company title and customers loose interest on the products. Just a reminder bad information diffuse fast than good information, if so consider to protect your #title Thanks for your time and thoughts. #skilldevelopment #salesandmarketing #pricing #ideas #salesadvice

Scratch and Win! 🎉 We assure you a 100% 𝐜𝐡𝐚𝐧𝐜𝐞 𝐨𝐟 𝐰𝐢𝐧𝐧𝐢𝐧𝐠 - the prize being a comprehensive market overview of your competitors’ prices. We scrape all prices daily and provide you with an updated market overview 🌐 This not only allows you to observe how your competitors price their products but also enables you to 𝐚𝐝𝐣𝐮𝐬𝐭 𝐲𝐨𝐮𝐫 𝐩𝐫𝐢𝐜𝐞𝐬 𝐭𝐨 𝐫𝐞𝐦𝐚𝐢𝐧 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 dynamically. If you don’t believe us, we offer a free trial period for you to experience it firsthand 💻 #scratchandwin #scrapingprices #pricingtool #dynamicprices

Quotes and Product Pricing: We appreciate your interest in our products and understand that pricing is crucial for your decision-making. To ensure accuracy and a speedy response, kindly direct all pricing inquiries to our dedicated email at sales@oranltd.com Please include as many details as possible in your email, such as product specifications, quantities, your full name and contact information. This helps us provide you with the most accurate and personalised quotes. Your cooperation ensures we can serve you better and streamline the process. Thank you for your understanding and continued support! #CustomerService #PricingInquiries #EmailUsForQuotes

Don't Sell Cheap... When it comes to sales, pricing your product too low can do more harm than good. Here’s why you should avoid selling cheap: 💡 Perceived Value: Low prices can lead customers to question the quality and value of your product. Price it right to reflect its true worth. 💼 Brand Reputation: Consistently low prices can undermine your brand’s reputation. Position your brand as a provider of high-quality, valuable solutions. 📉 Profit Margins: Selling cheap often means lower profit margins, which can hinder your business growth and sustainability. 🎯 Target Audience: Low prices may attract the wrong audience. Focus on customers who recognize and appreciate the value of your product. 💪 Competitive Edge: Competing on price alone can be a race to the bottom. Differentiate your product through unique features, superior quality, and excellent customer service. 📊 Sustainable Growth: Fair pricing ensures you can reinvest in your business, innovate, and deliver better value over time. 🤝 Customer Trust: Transparent and fair pricing builds trust with your customers. They’ll appreciate knowing they’re getting a quality product at a fair price. Remember, your pricing strategy is a reflection of your product’s value. Don’t sell cheap—sell smart! What strategies do you use to ensure your pricing reflects your product’s value? Share your insights! #SalesTips #PricingStrategy #ValueProposition #BusinessGrowth #SalesSuccess

Don't Sell Cheap... When it comes to sales, pricing your product too low can do more harm than good. Here’s why you should avoid selling cheap: 💡 Perceived Value: Low prices can lead customers to question the quality and value of your product. Price it right to reflect its true worth. 💼 Brand Reputation: Consistently low prices can undermine your brand’s reputation. Position your brand as a provider of high-quality, valuable solutions. 📉 Profit Margins: Selling cheap often means lower profit margins, which can hinder your business growth and sustainability. 🎯 Target Audience: Low prices may attract the wrong audience. Focus on customers who recognize and appreciate the value of your product. 💪 Competitive Edge: Competing on price alone can be a race to the bottom. Differentiate your product through unique features, superior quality, and excellent customer service. 📊 Sustainable Growth: Fair pricing ensures you can reinvest in your business, innovate, and deliver better value over time. 🤝 Customer Trust: Transparent and fair pricing builds trust with your customers. They’ll appreciate knowing they’re getting a quality product at a fair price. Remember, your pricing strategy is a reflection of your product’s value. Don’t sell cheap—sell smart! What strategies do you use to ensure your pricing reflects your product’s value? Share your insights! #SalesTips #PricingStrategy #ValueProposition #BusinessGrowth #SalesSuccess