article thumbnail

How to Price for Long-Term Growth and Profit

Wiser

Ideally, your pricing strategy will take into consideration all of these internal and external factors and find a strategy that maximizes your long-term growth and profit. While you may have to make short-term pricing decisions, such as markdowns or discounts, your pricing strategy should have a longer time horizon in mind.

article thumbnail

10 Leading Strategies for Pricing New Products (2021)

Retalon

These ten leading pricing strategies for new products can get you started. And with the help of retail pricing software , you can find the optimal strategy for your business.). Why is new product pricing so challenging? The pricing strategy you choose for a new product has enduring ramifications. Bundle pricing.