Yieldigo’s Post

Statistics show that integrating an #inventorymanagementsystem could enhance business capabilities by 63%. Given this, understanding the necessity and integrating the same into an MLM ecommerce business is important to get the business growing without a hitch or glitch. Learn how an inventory management system can help your MLM business grow with our recent blog post here...     https://lnkd.in/gaU6gPFa    #directselling #inventorymanagement #inventorycontrol #epixelmlmsoftware 

When you first start a business shipping out orders feels so exciting. Packing them up and getting them out the door and into a customer’s hands is incredibly satisfying. But once the volume of orders picks up shipping can suddenly feel overwhelming. You might realize you need to buy supplies in bulk, develop more efficient systems, and invest in software to manage your orders. Use our handy guide to become a shipping pro. Members, click the link below to check out our guide. https://lnkd.in/eteu5vPi #shipping #smallbusinesstips #retail #ecommerce

Dynamic Pricing: Definition, Types and How to Implement it in 2024

𝐇𝐚𝐩𝐩𝐲 𝐅𝐚𝐭𝐡𝐞𝐫'𝐬 𝐃𝐚𝐲! 👨🍼 Father's Day is the perfect time to offer your customers special offers and discounts. With Prycing you can optimize your pricing strategy and ensure you stay competitive while maximizing your profits. 𝐖𝐢𝐭𝐡 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐝𝐚𝐲𝐬 𝐚𝐧𝐝 𝐡𝐨𝐥𝐢𝐝𝐚𝐲𝐬 𝐲𝐨𝐮 𝐜𝐚𝐧 𝐞𝐚𝐬𝐢𝐥𝐲 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐲𝐨𝐮𝐫 𝐭𝐮𝐫𝐧𝐨𝐯𝐞𝐫 𝐛𝐲 𝐟𝐨𝐜𝐮𝐬𝐢𝐧𝐠 𝐨𝐧: 📊 𝑪𝒐𝒎𝒑𝒆𝒕𝒊𝒕𝒊𝒗𝒆 𝒂𝒏𝒂𝒍𝒚𝒔𝒊𝒔: Stay on top of your competitors' pricing strategies and implement advanced product bucketing. 📈 𝑫𝒚𝒏𝒂𝒎𝒊𝒄 𝒑𝒓𝒊𝒄𝒊𝒏𝒈: Adjust your prices in real-time based on market trends and customer behavior. Request a free, no-obligation consultation so that we can see where the growth opportunities lie in terms of pricing in your company! https://lnkd.in/erTFRFyq 📅 #FathersDay #PriceStrategy #Dynamicpricing #Prycing #Retail #Ecommerce #Webshop

Having a hard time managing customer accounts manually and collecting payments? 😓 Check out our webinar on mastering QuickBooks Online, where we reveal essential tools for wholesale distributors. Next up: the Customer Module. The Customer Module lets you track what customers owe effortlessly, create estimates and convert them to invoices in a click, allow customers to pay via convenient payment links, and more… Watch now to learn more! 📹 Watch the full free webinar here: https://bit.ly/3LCSDM7 #QuickBooksOnline #WholesaleDistribution #CustomerManagement #Webinar #BusinessTools

🚚📦 Efficiently manage orders from multiple channels with Teamwork Commerce's Order Management system. Streamline your processes and reduce errors. https://bit.ly/4bC5pFn #OrderManagement #RetailExcellence #TeamworkCommerce

OPEX is short for operational expenses, most of which are fixed costs to the business. In eCommerce, managing your monthly operational costs is critical to creating profitability. If your operational costs are too high, you need to do more with less. If your operational costs are too low, you're trying to do too much alone.

For retail and pricing professionals: recognizing the right moment to implement a pricing tool can be a game-changer. As someone who's navigated these waters, I believe there are key signs indicating it's time for this strategic shift. Firstly, complexity. When your pricing process becomes too intricate for traditional methods, it's a signal that a more sophisticated system is needed. This is especially true if you're handling a wide range of products or operating in multiple markets. Growth is another telling factor. As your business expands, the demands of efficient and scalable pricing strategies increase. A pricing tool not only meets these demands but also adapts to future growth. Then there's the aspect of time efficiency. If pricing tasks are consuming a disproportionate amount of your resources, a pricing tool can automate and optimize these processes, freeing up time for strategic initiatives. Finally, my favourite: consider the competitive edge. In today's market, staying ahead often means leveraging the right technological tools. If your competitors are using advanced pricing systems, it might be time to equip yourself similarly. Is your business at a point where a pricing tool is the next logical step?

Having a hard time managing customer accounts manually and collecting payments? 😓 Check out our webinar on mastering QuickBooks Online, where we reveal essential tools for wholesale distributors. Next up: the Customer Module. The Customer Module lets you track what customers owe effortlessly, create estimates and convert them to invoices in a click, allow customers to pay via convenient payment links, and more… Watch now to learn more! 📹 Watch the full free webinar here: https://bit.ly/3LCSDM7 #QuickBooksOnline #WholesaleDistribution #CustomerManagement #Webinar #BusinessTools

Here are some pricing options for IT products and services ¹: - *Competition-Based Pricing*: This pricing strategy involves setting prices based on competitors' prices. This is often used in markets where competitors offer similar products or services and where price is a major consideration for customers. - *Cost-Plus Pricing*: This pricing strategy involves adding a markup to the cost of providing a good or service to determine final pricing. The markup can be a percentage, a fixed amount or both. - *Dynamic Pricing*: This pricing strategy involves setting prices based on real-time market conditions. Dynamic pricing means that the price of a product or service can change frequently, depending on such factors as current inventory levels, how quickly inventory is selling, competitors' prices, customer behavior and even current events. - *Freemium Pricing*: This pricing strategy involves offering a free version plus a premium version presented to the customer at the same time. The idea is that a percentage of customers will love or have high enough needs for the product or service that they'll upgrade to the paid premium version. - *High-Low Pricing*: This pricing strategy involves setting a high price for a product or service and then offers fairly frequent discounts, sales or other promotions. - *Hourly Pricing*: This pricing strategy involves charging customers based on the number of hours that employees and subcontractors work for that customer. - *Skimming Pricing*: This pricing strategy involves charging a high price for a new product or service, then lowering the price over time as more competitors enter the market and/or as demand for the product or service decreases. - *Penetration Pricing*: This pricing strategy involves setting the initial price very low for a new product and service, then raises it over time. - *Premium Pricing*: This pricing strategy involves setting prices higher than a business otherwise would or, more commonly, higher than the competition's prices. Would you like more information on any of these?