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

Wiser

One bundle could be the phone plus earbuds. Other bundles could include screen protectors, phone plans, wireless chargers, and other options. You want your bundles to demonstrate how that core product can be used in different ways and which related items work with it. Make Bundles Optional. What does this mean?

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Pricing Strategies Explained: Which One is Right for You?

Wiser

You may lose some of your customer base once you raise your prices later on. Despite these cons, penetration pricing is often viewed as a great strategy for newer products, as long as you have a plan in place for earning long-term revenue down the line. Bundle Pricing. Dynamic Pricing.

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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.

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8 Effective Ways to Increase Profit Margins in Retail

V Count

However, running a retail store and aiming for a higher profit margin requires not just planning but also a lot of hard work. If you’re mostly targeting price-sensitive retailers, consider this strategy instead. In short, competitive pricing is when you keep prices lower than your competitors. Bundle pricing.