When competition increases do prices increase?

How do you respond to competitors' price changes?

A Shopify competitor lowered their product prices. This means I must reduce mine too, right? It makes sense that I do, but I also don't want to start a price war and land myself in a bucket load

Can competition pricing be reduced?

How to Monitor Competitor Prices to Optimize Your Product Pricing

Learning how to monitor competitor prices ensures you can leverage the best possible profit margins from your own products. Here’s what you need to know about competitor price tracking.

Will a lack of competition result in lower prices?

Which factor in the market causes product prices to become lower? Is it the lack of competition?

How to Find Your Competitor Pricing

Find out how much your competitors are charging their customers for the same products or services using four different techniques.

What is the most effective pricing strategy?

Hi, I'm looking for recommendations for which pricing strategy I should use. When it comes to implementing the right strategy for your store, which works the best for you, and how did you find it

Top Pricing Strategies for Your Shopify Store With Examples

If you are selling on Shopify, one of the most important parts of your store is the pricing. Click here to learn all about top pricing strategies for Shopify stores.

What makes premium pricing psychological?

I read somewhere on the web that premium pricing is a psychological game. I don't really understand where the psychological part comes in? Also, how does psychological pricing affect profitabilit

Why was the MailChimp app kicked out of Shopify's app store?

The Shopify forums don't really seem to have much about this topic, but when I looked I couldn't seem to find the Mailchimp app for Shopify.

What is the profitability of price skimming?

Is price skimming a strategy that is worth trying if my Shopify store is still very new?

Why is price sensitivity important?

When I read up about pricing my products, I read that I must take pricing sensitivity into consideration. What does this mean, and why is it so important?

Are Shopify apps worth the money, or can I manage my store without them?

I'm thinking about adding a few apps to my store but the monthly price will be quite expensive. I'm trying to decide whether apps are really worth the investment or maybe I should look for an alt

Is the price matching strategy good for business?

I'm looking at the different pricing strategies I could use, and price matching seems like a good one. What customer wouldn't want to buy from you to match the lowest price? However, since ever