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Product Bundling: What It Is and How to Bundle like a Pro

Wiser

Product bundling is when two or more items are packaged together for sale at a lower price than the items sold individually. How Does Product Bundling Work? Product bundles are valuable for both retailers and consumers. Looking at shoppers first, bundling is a plus because of the perception of value.

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Pricing Strategies Explained: Which One is Right for You?

Wiser

Some to help you draw in shoppers quickly, and others that can help establish your products in the market. Competitive Pricing. Competitive pricing is, as it sounds, based on your competition. This will largely determine the products’ starting price regardless of things like product costs or consumer demand.

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5 Highly Effective Retail Markdown Strategies that Work in 2021

Retalon

A retail markdown strategy is a plan that describes when and how certain products should go on markdown. And since most markdowns are not planned for in advance (or at least accounted for in the pre-season planning stages), they frequently drain profits considerably more than they have to. Plan your markdown timing in advance.