How Flexible Are You With Pricing Options?

[Zilon]

What are some pricing tactics one can employ to hold or build market share during a recession?

First having in depth knowledge of a stock, commodity or coin can strengthen negotiation power for the buyer. Once a buyer is knowledgable about a product they find it easier making bargain and opting for better options it also gives good value for the product the chose to purchase.

For sellers during recession if they must build a pricing tactics then the need to make commodities affordable and Often make discounted offers to regular customers. That way the pricing tactics for both buyer and seller can stand at an equilibrum

 

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[BitcoinPanther]

The problem I have always noticed when it comes to flexible pricing is that it is normally offered by small entrepreneurs only. These small-time businessmen provide the opportunity for their clients to haggle with the price. They could end up profiting very little or even simply break-even.

True, when the bigger company offers a discount (especially the department store), they actually increase the price of the item before offering it at a discount.  That way buyers thinks that they have saved some money but instead they have been preyed by the company.  Many proof about this kind of stuff happens in one of the popular department store in our country.  Often times we can see price sticker to overlapped each other.  And when you remove it 1 by 1 you will found out that the original price is way lower than the discounted price. 

This practice is generally good. It's just that it seems unfair because huge grocery stores and shopping centers and malls, those large companies that earn millions or even billions, do not do this at all. They provide fix prices to their goods and services. They simply don't compromise their profit.

They also do this kind of stuff but as I said before they do this, they will increase the price first then offer the item at a discount.

[Gyfts]

You can only be as flexible as supply and demand will allow you to be. I don't think in a shaky market that it's easy to determine how much to undercut your goods relative to your competitors. In a market like this with prices skyrocketing in all industries, the only question is how much or how little to increase the prices on your goods are. The buyer doesn't have any power but to limit their consumerism and allow market forces to drive the prices down.

I'm thinking of your post from a macro level, not merely a single seller and single consumer negotiating the price of an item. Market forces apply to the larger market, not necessarily to two individual entities (though they are influenced by market pressure).

[serjent05]

negotiation skills are very necessary to be successful in transactions like this .. but we know that not everyone can be successful in negotiating,,, and realizing this we need to know the general market price and bid slightly lower than the target price that we have set , if we can't negotiate we can ask a third party and give it fees for the transaction.. the point is to understand the seller, don't bid too low and let the expert complete the transaction if you can't

To have a successful negotiation one must be well informed about the item and the pricing of the competitor.  So this needs a lot of research and study.  Those who met the requirement can be successful in negotiating.  Btw, when it discounts, I can negotiate until 15% increment of the capital price as long as the order is in bulk.  So I will have a price bracketing wherein the more items they buy the greater discount they can get.

[KingsDen]

Going for services is somewhat difficult for me to determine price. But getting goods or products, I don't find it very difficult to know the right price for the product. Before I get a product, I must have gone to many online shops and offline if possible to know the range of the price. By this, I will have a clue of the cost of the product and know my pricing target.

But for sellers, a big competitor can influence your price greatly, but if you can't contend with their price, you can cover up with other presales and postsales services. This will attract and keep customers for you.

[Webetcoins]

It is natural for the seller to try to raise the price, while the buyer, on the contrary, will try to reduce it. In the event of a recession, there are not many options for the seller because the markets are full of goods and the demand is low, so he will have to reduce his prices in order to dispose of his goods. The competition in this case is to reduce prices, not raise them. Because everyone wants to sell his goods, the best solution is to search for new markets to sell products or store them well until the time of increased demand.

They have the right to raise the bar because they are the owner of the business or they own the item. Negotiating is possible but I think it depends on the item or on the place. You can easily negotiate if you are in a public market and you are buying a vegetable, fish, meats, and similar but not in a mall or when there is already a price tag that is sealed on the item. It looks so inappropriate if someone does that and I don't think the owner of that stall/item will agree.

I like the idea you shared here. I think if I have a business, I won't sell my products in a very cheap price because that will make the quality of my product poor/bad but I will just store them properly and wait till the demand rise again.

[AmoreJaz]

Going for services is somewhat difficult for me to determine price. But getting goods or products, I don't find it very difficult to know the right price for the product. Before I get a product, I must have gone to many online shops and offline if possible to know the range of the price. By this, I will have a clue of the cost of the product and know my pricing target.

But for sellers, a big competitor can influence your price greatly, but if you can't contend with their price, you can cover up with other presales and postsales services. This will attract and keep customers for you.

actually, you are right with that. in terms of goods, you can easily set your own price as nowadays, you can easily check the current price of the item via online. whereas, when it comes to services, you need to inquire in order to know how much they are charging. some may post online though. so when you have the idea of the pricing of your competitors, you can easily set your price. it also depends on the how well your surrounding customers will react also.

[justdimin]

negotiation skills are very necessary to be successful in transactions like this .. but we know that not everyone can be successful in negotiating,,, and realizing this we need to know the general market price and bid slightly lower than the target price that we have set , if we can't negotiate we can ask a third party and give it fees for the transaction.. the point is to understand the seller, don't bid too low and let the expert complete the transaction if you can't

To have a successful negotiation one must be well informed about the item and the pricing of the competitor.  So this needs a lot of research and study.  Those who met the requirement can be successful in negotiating.  Btw, when it discounts, I can negotiate until 15% increment of the capital price as long as the order is in bulk.  So I will have a price bracketing wherein the more items they buy the greater discount they can get.

I have to say negotiation can be done with "some" things, not everything. Like you do not go to facebook and say "I want to pay you 200 dollars but get 1000 dollar ads", if they have a promo like that then they do, if there is a discount code then there is one, but YOU can't "talk" and convince anyone. Or if you go to themeforest and there is a price, you do not "talk" with anyone and negotiate.

There are many things like that on amazon, you either buy or don't there is no negotiations. So, what we are seeing here is that negotiation type of business could make the business owners lose money when in fact if they just pricing very well, they will get the customer one way or another.

[_BlackStar]

The main point is that the seller wants the goods at the highest price, while the customer wants to bid at the lowest price.

Remember the law of the market, the higher the demand for goods, the higher the selling value. But otherwise, the lower the demand, the lower the value. Market behavior can vary depending on the particular individual or organization in making decisions about a product so that sometimes it becomes good or even worse.

To create an increase in purchasing power, it is necessary to agree on a price that is willing to be bought and sold by both parties, this price agreement creates the principle of market equilibrium because sellers and customers are both happy after the transaction.

For something done like that then I don't think the quality will ever be comparable. Monopoly can occur because for the agreed price, a decrease in quality will be one of the consequences. I don't think this can be applied to the crypto market even if the project developer sets an initial price, when the product is freely marketed then fluctuations can be expected.

[batang_bitcoin]

Bulk orders, I think this is perfect for both customers and the businessmen. You are like giving and taking but at the same time you're very much satisfied with the deals that you can make. As a business owner, if the pricing is good with bulk orders, customers will take it quickly while you, your stocks are going to be needed to restock which is always a good thing for business owners. A little to average revenue is better than to let your stocks sit for a long time because of its price.