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VIDEO SEMINAR: How to Set Prices the Smart Way

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Pricing strategy is the sleeping giant of marketing strategy. The marketing mix element with perhaps the greatest potential to affect the bottom line and properly position a brand or a company with its target audience – yet the one most often relegated to a simple financial or sales decision, without regard for its impact on the brand or company image.

This seminar will address the role of pricing as a marketing tool, and explain the potential risks an entrepreneur faces when the pricing strategy isn’t consistent with the positioning or the other marketing mix elements.

It will also include case studies, a do-it-yourself example adapted from the real world and specific how to actions that deal with list prices, promotional pricing, and rules of thumb for various pricing strategies.

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 Recent Articles

 

Book Summary: 'Citizen Marketers' by Ben McConnell and Jackie Huba

by Mack Collier

Are you a blogger? Do you have a podcast? Have you ever spent time replying to posts on an internet message board? What about uploading videos to sites such as YouTube?

If you answered in the affirmative to any of those questions, the odds are that you have already engaged in citizen marketing. The fan who creates his own poster and trailer for an upcoming movie is a citizen marketer. So is the customer who creates an online community around the idea of saving a discontinued product, or the loyal customer who uses a bad customer-service experience to bring about change within a business organization.

But above all else, citizen marketers are motivated by a sense of loyalty. That loyalty comes from a sense of ownership that citizen marketers feel for their favorite product, company, movie, etc. Even citizen marketers who create campaigns designed to bring attention to mistakes the company has made often do so out of a desire to see the company improve its processes.

The rise of social media tools has given citizen marketing its jumpstart into the business mainstream, and today's companies must understand both what motivates their customers to make the transition to concerned citizen marketers and who those customers are.

Register to read more...
 

The Surprising Secret of Successful Differentiation

by Dan Herman

A successful differentiation has two defining characteristics: (1) It is not imitated by your competitors, even though (2) it brings you unmistakable success with consumers.

Impossible, you say? Not quite. I am about to reveal to you the unexpectedly simple and wonderful secret of successful differentiation. Here it is: Do not look for it around the core benefits of your product category; rather, think "off-core differentiation."

"Core benefits" are the benefits that the consumer already expects to receive from a product like yours. This is the list of what's important to the consumer. "Core benefits" are more than the essential product benefits. The core benefits of today's cellular phones include much more than the possibility of conducting a conversation while you're in motion. Everything that the consumer has already come to expect from products in your category is included in the core benefits. These are the benefits that all of your competitors offer, because they constitute the essence of the product and it is impossible to compete in the market without them.

Register to read more...
 
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Weare, New Hampshire 03281

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