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Retail Pricing: How to set the price Right?

Especially in retail, in the fierce competition, price is quite sensitive.

Pricing is one of the most important decisions that a retailer can make. A pricing strategy dictates how much money a business will take in, and if it’s done incorrectly, it can lead to lost revenue and unhappy customers. So how do you set retail pricing so that it’s fair for both your business and customers? In this blog post, we will discuss the various aspects of retail pricing and the different strategies you can use to determine the best price for your products. We will also look at some of the key factors to consider when creating a pricing strategy and highlight common mistakes to avoid.

SMM Tools: Analysis of Buffer

Along the way, whether you're producing content or engaging in nifty social media, you'll want to know how your social media marketing is working? Are you reaching more people on social media gadgets than you did last month? How many positive mentions do you get a month? How many people have used your brand hashtag on their social media posts? Social networking platforms automatically provide a basic level of that information. For more in-depth analysis or easy comparison across social media platforms. You can use a wide range of social media analytics tools available, such as analytics buffers.

Top Marketing Trends to Watch

7 STEPS TO CREATE A POWERFUL MARKETING PLAN

Making a marketing plan is a critical step in business operation. A good plan can help businesses to uplift sales, and a bad plan can lead to failure. These days, after the Covid-19 pandemic time, businesses need to find a good way to survive, and it is a requirement to have a smart marketing plan, not to burn budget. Every marketing plan should be measurable, show ROI (Return on Investment). So, how to make a good and powerful marketing plan? ASHAVI share some tips for marketers to create a good marketing plan as below.

Examining the Effects of Product Descriptions, Reviews, and Ratings on Purchase Decision

Understanding the consumer buying decision process means that businesses understand the stages customers go through to be able to come to a final decision whether to buy a product or not. This means that businesses should focus on creating products and services that meet the specific needs of each stage of the buying process, as any one stage can affect how likely a customer will remain/return as a customer. Customer Psychology is the study of how people make decisions, the reasons they buy and why they buy what they do. By understanding the psychology behind your customer, you can help your business develop more effective sales strategies and marketing campaigns, as well as build a deeper understanding of their journey within your business.