READER’S POLL: How Do You Keep Your Pricing Competitive?
Price wars have been around for a while now. They begin when you or a competitor decide to cut prices on a product or service to gain a more significant portion of the market. However, price wars rarely end well and often harm everyone involved. With this in mind, we wanted to know how you keep your pricing competitive even when competitors attempt to draw you into a price war. See how your efforts hold up to what your peers are doing with this month’s reader poll.
How Do You Keep Your Pricing Competitive? |
Thank you for participating!
We understand the tremendous pressure you feel, as a business owner, to engage in price wars waged by your competition. However, we hope that you will employ alternative methods the next time a price war breaks out in your market. If you’re unsure of the best way to avoid price wars, we encourage you to speak with a trusted coach or advisor. They could help you find opportunities to undermine your competition’s attempt to bait you.
In the meantime, take a look at our blog on avoiding price wars with competitors.
As always, the Financially Simple team is happy to help you review the product offerings in your business. We’re here to help you succeed. Let our team’s experience work for you!