Competitive Pricing

Effective pricing is key to grab your customer base for a longer period. A business can pick up the right marketing out of the plethora of pricing strategies. The price of the product or service is the most important factor as it is the first thing that a customer notices and is one of the important deciding factors to buy or not. Many factors decide the price and one such way is competitive pricing.

Every business has competition whether small or giant, the right analysis can help you stay ahead of the competition. Navines can help you with the competition based pricing and how to influence competitive behavior in your favor.

To know the best strategic price of your product that will keep your profits up and competition down will be derived from Competitive Pricing Analysis. We will be leveraging the intelligence of smart tools to project the most suitable price for your product which will keep you ahead of your competitor in terms of revenue and profits for a similar kind of product.

Our product pricing strategy combines the research analysis of supply and demand of products which later is compared to market pricing and then the final price is decided for the product.

“We can create a better plan and strategies to optimize your selling.”

Market Strategy

On each item you sell, you must identify them by SKU (Stock Keeping Unit) - means categorize your sales traffic based on SKUs only. Each SKU must be organized by cost price, minimum price, and maximum price and we must know all the expenses for every SKU before you sell.

Once we have all this information then we can create a better plan and strategies to optimize your selling. On Amazon, there is an automatic pricing tool that provides the operation of automatically changing prices to keep up the pace with change of price by competitors. We know well how to combine many factors around the net and make sure each item you sell is sold at a relevant price for the market.