Create a Profitable Pricing Strategy - MasterClass

Short course

Online

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£ 10 VAT inc.

Description

  • Type

    Short course

  • Methodology

    Online

  • Start date

    Different dates available

"Learn the fundamentals of creating a profitable pricing strategy using proven methodolgy that helps customers to see the value of your business.

Pricing can determine whether your business succeeds or fails – yet too many entrepreneurs rely on guesswork or back-of-the-napkin calculations to set prices. This course reveals a proven methodology for developing a pricing strategy, as well as ways to increase customer perceptions of value so you can justify higher prices and boost margins.

As part of the process, you’ll learn how investors evaluate pricing strategies, the advantages and drawbacks of different pricing models, how to calculate margins, average margins for specific industries and retail categories, how to gauge price sensitivity, and how to build a pricing profile specific to your offering based on eight key variables.

Tips and examples are included for both product- and service-based businesses, as well as businesses that contend with seasonal pricing variations. The session offers guidance on bundling, discounting, and other pricing techniques, which you can apply in a workshop session that walks through the pricing strategy framework step by step."

Facilities

Location

Start date

Online

Start date

Different dates availableEnrolment now open

About this course

CPD & IPHM Certified - MCQ Exam & Tutor Support

This course is suitable for all skill levels and backgrounds. Whether you want to advance your career prospects, learn a new skill, or broaden your educational horizons this course will help you to gain a solid understanding of the core competencies required to drive a successful career in your chosen industry.

"Academic
The course is open to students of all academic backgrounds aiming to enhance their skills.

Age
At Study Plex, we invite everyone to learn. This course is open to anyone aged 16 and over.

Eligibility
If you have a basic grasp of English, numeracy and ICT, you will be eligible to enrol."

"CPD and IPHM Accredited Certificate of Achievement
Grow your career by earning CPD and IPHM accredited certificate of achievement and add extra value to your CV. On successful completion of this course, you will be eligible to order your CPD and IPHM accredited certificate of achievement (dual certificate) to demonstrate your new skills. You can also share this certificate with prospective employers and your professional network. The CPD and IPHM accredited certificate of achievement (dual certificate) can be obtained in PDF format at the nominal fee of £12; there is an additional fee to get a printed copy certificate which is £39.

Endorsed Certificate from Quality Licence Scheme
On successful completion of the course assessment, you will be eligible to order the Endorsed Certificate by Quality Licence Scheme. The Quality Licence Scheme is a brand of the Skills and Education Group, a leading national awarding organisation for providing high-quality vocational qualifications across a wide range of industries. This will provide you with a competitive edge in your career add extra value to your CV. You can also share this certificate with prospective employers and your professional network which will help you to drive a successful career in your chosen industry. There is a Quality Licence Scheme endorsement fee to obtain an endorsed certificate which is £85."

Our customer support team will contact you within 48hrs.

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Reviews

This centre's achievements

2021

All courses are up to date

The average rating is higher than 3.7

More than 50 reviews in the last 12 months

This centre has featured on Emagister for 2 years

Subjects

  • Pricing Strategy

Course programme

"Introduction Pricing Strategy Overview What Pricing Communicates to Your Customers What Price Communicates Scenario-Based Pricing Types of Pricing Strategies What Investors are Looking for in Your Pricing Strategy Test Your Pricing Pricing Model Basics The 3 Pricing Models Guess The Pricing Model Examples of Pricing Models Case Study T-Shirt Pricing Pricing Strategy and Your Competitors Common Pricing Strategy Mistakes 5 Key Steps to Pricing Strategy Researching Your Market Case Study Researching the Competition Pricing Strategy and Your Margins Know Your Margins Average Industry Margins Introduction Pricing Influencers Explained Understanding Price Influencers Pricing Variable 1 – Competition Pricing Variable 2 – Demand Pricing Variable 3 – First of a Kind Pricing Variable 4 – Uniqueness Pricing Variable 5 – Scarcity Pricing Variable 6 – Quality Pricing Variable 7 – Margin Pricing Variable 8 – Customer Perception of Value Calculate Your Score Scoring Your Pricing Influencers Introduction Overview of Pricing Models Pricing Models Cost-Based Pricing Pros and Cons Market-Based Pricing Pros and Cons Value-Based Pricing Pros and Cons Choosing a Pricing Model Common Mistakes in Pricing Setting Your Price Case Study"

Create a Profitable Pricing Strategy - MasterClass

£ 10 VAT inc.