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Pricing #fail
From Failblog, via Marginal Revolution – an amazing new pricing strategy.
Pricing and competition
Local merchants in the Northbrae neighbourhood of Berkeley, California (h/t Marginal Revolution) are fighting against an evil competitor who wants to sell the same products at lower prices. Apparently, there was previously a tacit agreement that each store would keep … Continue reading
Selling money
I quite liked the suggestion in this quote (in an exhibition at the British Museum) that you would buy money in this market just like any other good. No mention of what you’d buy it with. I guess it’s a … Continue reading
How to change your prices when VAT increases
I wrote this briefing for some of our clients a few months ago when the rate of UK VAT increased from 17.5% to 20%. I’ve decided to share it publicly as it may be useful for some of you when … Continue reading
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Pricing techniques – auction versus negotiation
A nice brief analysis from Eric Barker of different strategies when you’re negotiating one-on-one with a buyer, versus when you are auctioning something off. In negotiations: the final selling price tends to be higher when the seller makes the first … Continue reading
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Arbitrage at Tesco
This exciting opportunity for arbitrage emerged today at Tesco. I cleverly took advantage of the second offer, which is half the price of the first. I made an immediate profit of £1 at the expense of Tesco. Take that, corporate … Continue reading
Earning a price rise at Arsenal
Many businesses think it’s OK to increase their prices with inflation every year. It seems fair enough to the owners – if my costs have probably gone up, and my customers are paying a few percent more for everything else, … Continue reading
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Tagged arsenal, football, inflation, price increases, Pricing
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A remarkable new pricing model
Our research at Inon has enumerated 31 different pricing models over the years. Is this the 32nd? From twitpic, spotted by @davidanderson3.
Airline pricing – good or bad?
Some people (typically economists) love airline pricing and think that flexible, demand-based prices should be applied to all sorts of things (such as restaurants, in this posting from Rafi Mohammed). After all, if there’s a shortage of something (Saturday night … Continue reading
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Tagged airlines, anchoring, cognitive load, demand-based, drip pricing, price discrimination, Pricing, restaurants, surcharges
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How not to set your prices
Procter & Gamble and Unilever have been fined 315 million euros for price-fixing. There are much more imaginative (and legal!) ways to maintain a price premium than this. Product innovation enables price differentiation; increasing the perceived value of your product … Continue reading
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