Value-Based Pricing
Value-Based Pricing
Value-based Pricing is widely considered the best pricing strategy, as it allows you to price as high as you can, rather than relying on internal factors such as e.g. costs to set a price. However, value-based pricing also often requires more work, more data and more general effort to be properly implemented.
The right price for a new product or product version is one that is aligned with the target group’s willingness to pay. For a new product, this can be daunting as there is no historical data or consumer insight to use for determining this willingness to pay, and moreover, it is difficult to anticipate what target group will value the product the highest, and consequently pay the highest price.
What We Do
PriceBeam provides the answers to these questions. Through data-centric pricing research, our software measures the willingness to pay of a segment of your choosing, which you can subsequently use to identify the price point that will generate the most profit. Moreover, PriceBeam Advanced allows you to measure willingness to pay for various segments so you can see what segment will pay the highest price for your product.