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Pricing Strategies Capturing Value Online Learning

July 5 - July 6

$399
Pricing Strategies Capturing Value Online Learning

This intensive 2-day workshop will help you understand the fundamentals of pricing strategies.  It explores the dynamics that go into determining the best pricing strategy that conveys value to your customers. Through this process, we will cover price setting, psychological influences to price acceptance, price-variance and discount management, pricing strategy and tactics, and organizational pricing-function development and improvement. This course is designed for managers and founders responsible for delivering value and creating profitable pricing strategies.

Course Overview

Attendees will learn the use of pricing strategies for success. We design our workshops to fit our clients’ needs and objectives. Therefore, our workshops include hands-on exercises and sufficient practice to gain the finance skills to be successful.

Furthermore, we provide follow-up consulting for up to 60 days after the participants have finished the workshop to address any questions and/or issues.

. The course work includes:

Fundamentals of Pricing

      • The importance of price in the profit equation
      • Bottom-Up vs Top-Down
      • Understanding the real net-net price
      • Segmentation as the foundation for price and product differentiation

Price Strategy

      • Channel-based differentiation
      • Unit, Versioned, and Bundled Pricing
      • Premium pricing, penetration pricing vs dynamic pricing
      • Designing discount systems for growth

Value-Based Price Setting

      • Value-Based Pricing and Value Modeling
      • Price optimization (e.g. price elasticity, value-to-customer, willingness-to-pay, relative value)

Price Execution

      • Psychological Aspects of Pricing
      • How to implement price increases
      • How to avoid price wars
      • Creating win-win situations for supplier and retailers
      • Influencing Customer Price Acceptance

Prerequisites

None

Target Audience

    • Startup Founders
    • Business Owners
    • Service Providers
    • Departmental Managers
    • Anyone who is responsible for pricing decisions

Learning Outcomes

After successful completion of this workshop, the participant shall be able to:

  • Understand how and why customers buy
  • Define the value proposition
  • Develop customer segmentation strategies
  • Capture value and market share through pricing

Professional Development Units/Hours (PDUs) Awarded

    • 16 PDUs (1 hour = 1 PDU)

Presenter – Mike Doherty

Mike Doherty, the co-founder of PM-Workshops, has a long history of business development, strategy, and planning. Mike has launched and managed several ventures personally, so he understands the challenges of managing day-to-day operations while remaining focused on growth opportunities and the bottom line. He has also worked as an investor and a lender, and therefore, recognizes the demands and expectations these parties bring to the mix. Mike’s clients benefit from both perspectives.

To register – email info@understandingecommerce.com.

Pricing Strategies Capturing Value Online Learning

Online Courses for Professional Development

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Details

Start:
July 5
End:
July 6
Cost:
$399
Event Category:
Event Tags:
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Venue

Online Learning
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