#The 2 pain of E-commerce

Hey ;) We continue talking about the pains of the e-commerce!

🔔Headache of the Price Optimization

Static pricing strategies are becoming dinosaurs due to the digitalization of the commerce.
Instead, there is an upsurge of the dynamic pricing techniques. Given that prices change literally on the fly in response to the real-time supply-demand and market competition, it is crucial to perpetually stick to the optimal price of the good to ensure sales volume doesn’t decrease.

🤔What is the dynamic pricing?
The dynamic pricing helps retailers stay competitive with price changes and monitorings around the clock and boost e-commerce profits by 25%, providing retailers with increased flexibility. But needless to mention, the machine learning algorithms or automated price calculations are too costly to employ from the scratch for the ecommerce business. They can also be too rigid and narrow-profiled.

🚩What’s the solution?
One most advanced and more available option — e-commerce financial model. It can calculate your product price automatically based on the analysis of your overall revenue and expenses at this very moment.

Ecommerce financial model is your no-error advisor when it comes to:
🌐Price-elasticity determination (sales/revenue graphs)
🌐Revenue-maximizing pricing strategy
🌐Profit-maximizing strategy
🌐Adjusting the price-peaking (customizing prices for the trends)
🌐Arranging segment pricing (prices dependent on the customer segmentation)
🌐Doing penetration pricing (aimed at luring customers with initially lowered prices)

👏The link for fast resolution of your business problems! Better try then regret afterwards of having not!

There are expected more “pain-posts”. So stay tuned :)

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