Managing Customer Value
Value-based pricing is an innovative approach to setting prices that recognizes that customers vary in their willingness to pay and seeks to capture this variation. Value-based pricing allows companies to optimize revenue and profits while delivering better customer experiences by focusing on customers’ unique needs and willingness to pay. While traditional pricing approaches, such as Read More …
Customer value programs are an important tool for driving customer loyalty and retention. When properly implemented, these programs can help boost customer engagement and play a critical role in the success of a business. Companies need to assess the impact of their customer value program to ensure that it is providing the desired results. This Read More …
An open-ended marketing campaign entails defining the endpoint of the marketing campaign as a direction rather than a customer transaction and a customer solution to a particular problem. The expectation is that an open-ended campaign will encourage sales and marketing teams to challenge and negotiate new opportunities. Marketing activity involves planning and executing marketing tactics Read More …
Every business has its own unique set of challenges. Finding the right solution isn’t always easy, especially if you don’t know where to start. When launching your first product, finding the perfect product positioning can be particularly challenging. A good product positioning should be able to attract potential customers and drive early sales. After all, Read More …
This is the part of your business that you, as a founder and CEO, will have to spend the most time on. Your business is built around answering one question: How do we solve this problem? How do we make this easier for people? It’s not enough to know that it can be solved and Read More …
The modern-day marketing campaign is more flexible and consists of multiple smaller campaigns that can quickly adapt to current conditions. This may include changes in messaging, target market, channels, or other elements. The goal is to have a general plan in place that can be quickly modified as needed. This approach requires a different way Read More …