Want to Nail Pricing? Understand Market Dynamics First

Want to Nail Pricing? Understand Market Dynamics First

By Discovery Lean Six Sigma

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Pricing is a game – one with asymmetric and imperfect information. So what does this mean for you? Basically, you’re very unlikely to nail pricing the first time. And even if you do come close, you’ll have to adjust as your product and market mature. While you’ll never get pricing 100% right the first time, there’s no reason you shouldn’t set yourself up for the best possible chance at success.



Original: http://innovationexcellence.com/blog/2017/11/21/want-to-nail-pricing-understand-market-dynamics-first/
By: Steven Forth
Posted: November 21, 2017, 3:00 pm

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