Optional Product Pricing:
Offering to sell optional and accessory product to companion a parent product. An example of this would be buying a smartphone and then needed accessory cases and screen protectors to go along with it.
Captive Product Pricing:
Is a strategy that uses products that need to be used with a parent product; however, the parent product needs the captive product to operate. For example a household sweeper that uses a spray bottle, the spray is needed to use the parent product and only one kind of spray is available.
By-Product Pricing:
Taking the By-Products of a parent produce and making them profitable. For example a product has waste from the production process of cardboard. Crushing and selling the extra cardboard to newspaper companies can be used to make extra cash.
Bundle Pricing:
Setting a certain price for a bundle of products is called bundle pricing. By having similar products and selling them together inventory can be liquidated and more product moved. Often a discount is offered when buying a bundle or in bulk.
No comments:
Post a Comment