Female Executive MastHERmind (FEM)’s Post

Just a quick follow up article here about transparency with your customer base. Inflation happens, and prices go up. Before you pass it on directly to your customers, find other ways to alleviate it first. If that’s not possible, be transparent about it, followed by a reminder of your brand’s promise. It’s a reciprocal relationship at work here.

Effective pricing involves understanding costs, testing price points with customers, and balancing variable and fixed expenses to ensure sustainability. Use cost-plus pricing as a starting point and adjust based on customer feedback. How should I be pricing my product or service? Read on! https://lnkd.in/ephCSyy3 #businessadvice#smallbusiness#businessowners#longtermsuccess

How to command a price premium? People will pay you more when you are able to create a higher perceived value for the same product Customer Perceived Value = Total Customer Benefits - Total Customer Costs Great brands don't lower their prices to stay competitive. They elevate their value to make the price seem justified

Pricing isn’t just about the bottom line—it’s about striking the right balance for your customers and your business. 🤝 Curious about how to balance customer flexibility with revenue predictability? Dive into some hands-on tips to fine-tune your pricing strategy and keep both your customers and your bottom line happy: https://okt.to/JLxfNn

How do you keep up with demand, grow your business, and meet customer expectations in this challenging environment? That’s a question that many of our warehousing clients have been coming to us and asking, and fortunately, there are some timely and extremely effective answers. https://buff.ly/3bUqIJy

💵 How to increase prices without losing customers! 💕 Thinking of raising your prices but worried about customer backlash? It’s all about strategy! Here’s how you can increase prices while keeping your customers happy: 1️⃣ Add more value to your product/service 2️⃣ Be transparent about the changes 3️⃣ Implement gradual adjustments Ready to learn more? Check out our full guide on price increases and business sustainability 👉 https://lnkd.in/dbGNmPxp Try Modeliks with a 15-day free trial—no credit card required!

Master powerful messages that ensure swift customer callbacks and effectively dispel their doubts. As July draws to a close, uncover practical strategies to elevate your sales figures by skillfully navigating challenges related to inventory, pricing, rates, and payments. https://hubs.ly/Q02J57tn0 #saturdayspark #salestips #automotive #salestraining #cardealerships #automotivesales #insights #customtraining #motivation #ProactiveTrainingSolutions

Do you often try to fill customer orders only to find you do not have the item in stock? Have a discussion with the team at Emergent Partners about what is causing you not to be able to fill customer orders. We can find where the problem areas are and help you implement solutions to fix them. #supplychainmanagement #inventorymanagement #managementreporting #businessstrategy #growyourbusiness #managementconsultin #emergentpartners

Pricing isn’t just about the bottom line—it’s about striking the right balance for your customers and your business. 🤝 Curious about how to balance customer flexibility with revenue predictability? Dive into some hands-on tips to fine-tune your pricing strategy and keep both your customers and your bottom line happy: https://okt.to/EGcsz8

If you can turn the dial with the following, you could nearly double your profit in a year... Increase customer count by 15% Increase customer order value by 15% Increase customer order frequency by 15% Increase profit margin by 15% Try it out. See what happens.