Pricing strategy

Can you sell below MAP pricing?

Hi, what will happen if I cut below the minimum advertised price? Will it start a price war?

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 be...

What percentage is keystone mark-up?

Hi, what is keystone mark-up, and how is it calculated? Should I use this pricing strategy for my online store?

What is personal pricing?

How does personalized pricing strategy work in a Shopify store?

What is the formula for calculating marginal cost-plus pricing?

Hi, how do I calculate marginal cost-plus pricing?

How do you overcome competitive pricing?

Hi everyone. I checked out the competitors' pricing today, and their prices are so low that I don't see how it would be possible to put my product prices lower ...

How do you justify value-based pricing?

Hi, I can't seem to wrap my head around value-based pricing. I understand that making a profit is essential. I can't help but wonder how one justifies asking th...

Is price skimming legal?

I can understand why using price skimming could be advantageous, but it also seems a bit unethical. This has me wondering whether it is illegal?

How effective is penetration pricing?

Who here has entered the online shopping world through the penetration method? How successful was it? Do you have to have a big cash flow already, or is it an e...

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 psycho...

Is economy pricing the same as no-frill low price?

What's the difference between the two?

Can you calculate bundle pricing in excel?

Hello everyone! WHo here uses excel for the Shopify store calculations? Is it possible to set up a spreadsheet with formulas in excel so that I can easily cal...

How does a dynamic pricing algorithm work?

Hi, does anyone here use dynamic pricing as their strategy and know what determines the pricing for a customer?

Is price tracking the competitor legal?

Is it fair and legal to be tracking my competitors' pricing?

How do you analyze competitors' pricing?

Hi guys I've looked at the prices my competitors are selling at, and I didn't know what to do next. I'm following an online guide on what to do next, but I'm n...

What is an example of a competitive pricing strategy?

Hi, I need to come up with a competitive pricing strategy for my online store, and I'm looking for examples. Thanks in advance.

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 wa...

When competition increases do prices increase?

Which factors influences prices to increase and decrease in the online market? Is it the competition or the demand?

Can competition pricing be reduced?

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 ...

Does price matching keep consumer prices lower or higher?

What would happen to the market if merchants had to offer to match the prices of their competition?

Is MAP pricing illegal?

Hi, I am in the US. Is MAP pricing legal or illegal here?

What counts as MAP policy violation?

Hi everyone, I want to implement a MAP pricing strategy, but I am unsure of the rules and what will happen if I accidentally violate these rules. Are the penalt...

What does it mean when a product is MAP protected?

I found a product that I think will be good in my Shopify store, but it says that it is MAP protected. What does this mean?

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?

What is the profitability of price skimming?

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

What products are best used with price skimming?

Hi guys, are there specific products that work well with particular pricing strategies like price skimming, or can it be any product with any pricing strategy?

Does price skimming allow for market fluctuation?

I have some elastic products in my store, and I wondered whether price skimming would also provide price elasticity?

Is price skimming effective? (ROI)

Is price skimming a good pricing strategy to implement, and will it work for any store?

Top Pricing Strategies for Your Shopify Store With Examples

A Shopify pricing strategy is a technique used to set the prices for the products and services sold within an online store, and a well-developed pricing strateg...

How to Find Your Competitor Pricing

Regardless of whether you are selling a product or a service, if you want to compete in the market, you'll need to know your competitors. Knowing your competito...

Is personal pricing a good idea?

I'm considering trying out personalized pricing in my store. Apparently, it can increase my revenue and make the products more accessible. Should I give it a go...

Is personalized pricing price discrimination?

How does personalized pricing determine what price would be fit for an individual? And wouldn't that be discrimination?

Is personalized pricing illegal?

When I looked into the personalized pricing trend, I saw that it was based on each individual's willingness to pay. While this sounds great, I am concerned that...

How is dynamic pricing used in e-commerce?

It has been quite the journey to determine which pricing strategy is optimal for my products and store. There have been moments where I did not know which way t...

How do you calculate dynamic pricing?

Is there a formula for determining the dynamic pricing for each product?

How do you do tiered pricing on Shopify?

I think that a tiered pricing system, possibly with some discounts, would go a long way to boosting my sales and gaining some customer loyalty. Is it possible t...

Is price discrimination ethical?

Is it truly ethical to price discriminate? I feel like it's unfair and could cause some issues down the line.