Smart Virtual Office Singapore

Thinking of selling your product and need a price strategy. Here are some pricing strategies that SmartVirtualOffice would like to introduce to you.

Cost Plus: Adds a standard % of profit above cost of producing a product.

Value based: On buyer's perception of value, non-price factors such as quality, helpfulness and prestige.

Competitive: Prices maintained relative to competitors.

Going Rate: Common prices in the market.

Skimming: High price for affluent consumers. Later, price is decreased as the market becomes saturated.

Discount: Reduction in advertised price.

Loss Leader: Price lower than cost of production to attract customers to buy other products from the store.

Psychological: making a price better lookng, for eg. selling at $3.99 instead of $4 a Kg.

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