Beyond KVI: What about B and C level products?
Spotting and capitalizing on Key Value Items (KVI) is essential for driving sales and profit. However, to truly enhance your overall profitability, it’s crucial to focus on improving margins in other product categories. Let’s explore the significance of B- and C-class products, highlight their potential for higher price points, and reveal how automating price point […]
Rev Up Your Shopify Store Traffic: 6 Effective Tactics to Skyrocket Your Traffic
As an e-commerce entrepreneur, your Shopify store serves as your online storefront. Welcome to the ultimate guide on boosting your Shopify store traffic and unleashing its true potential. In this power-packed blog post, we’ll share battle-tested strategies to supercharge your store’s visibility and attract a steady stream of visitors. While pricing is undoubtedly a crucial […]
How to forecast discount campaigns with forecast module
Discount campaigns can be a powerful tool in a marketeer’s arsenal, driving customer engagement and sales volumes while moving inventory. However, executing successful discount campaigns requires careful planning and precise forecasting to ensure the right balance between promotional offers, profitability, and supply chain effectiveness. In this post, we’re going to examine how you can use […]
Pricing Automation for a Consumer Electronics Retailer
Streamlined pricing processes with pricing automation How did Lumise, a prominent Consumer Electronics Retailer, achieve significant cost-savings and received streamlined pricing processes with our pricing automation solution Consumer Electronics Omnichannel Europe 5/5 Kari Kauhanen CEO A must have tool for modern Ecommerce companies. Lumise Lumise is a prominent Ecommerce retailer that specializes in high-quality lighting […]
What is a cost and how do different costs affect your pricing?
Cost is a fundamental concept in business that refers to the amount of resources, such as time and money, that a company must expend in order to produce a product or provide a service. The cost of production or purchase price (Cost of Goods Sold) and the price that a company charges for its products […]
How do you calculate a purchase price for a product for an optimum outcome?
Coming up with an optimal purchase price for a product can be a complex and challenging task for any business. It is no secret that the price of a product can greatly affect the success or failure of the product in the market. However, by understanding and considering certain key factors, businesses can set purchase […]