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How To Master the Art of Promotion Pricing

Wed, Oct 14, 2020

The secret diary of a Price Planner.
It’s 8.30am. Armed with coffee, you’re ready to start the day. Then you get the dreaded email. The one you’ve been expecting...

You have too much stock. You need to come up with a plan to “increase sales and decrease stock”.

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What do you do next?

You need to show that you can clear stock using the best possible promotion pricing strategy.

Avoid the #1 mistake: Discounting is not always the first option.

Using the wrong strategy can greatly affect customer loyalty, not to mention damage your brand and devalue price equity.

Instead, treat each product individually based on market fit.

  • Is your product unique or is it similar to others in market?
  • Does your product sit in a highly competitive market or is there low competition?

Where do I start?

Review the Flintfox Step By Step Price Promotion Guide for the best promotion ideas.

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Step 1: Plot your products 

Take stock of where your product lies in the market.

It is recommended to repeat this exercise every 6 months and review previous versions to adapt to market changes.

Step 2: Explore your pricing options 

Review the best promotion strategy for your product.

Step 3: Solve your pricing dilemma

Put your plan in motion with the Flintfox solution.
Download the eBook here  >>

Want to resolve your pricing challenges?
Contact us here  >>

About Flintfox

At Flintfox, we have over 30 years of global experience in helping businesses master their supply chain. Learn more about Flintfox pricing and rebate software built to power manufacturing, distribution and retail enterprises.

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