Add Feeds
Publisher Windows
Streaming Headlines
Streaming Windows

Log out

Social Connect

OR Log into your Account below
Want One? Create New Account
Email:
Password:
Are you Charging Enough?

Are you Charging Enough?

2019-01-25 
| Posted in Finance, Marketing, Business

Because every 1% increase in your selling price boosts your profit by 8 %.

How hard is that to achieve?

Here’s what McKinsey and Company, the international consultancy group, said...

A price rise of 1 percent, generates an 8 percent increase in profit.

Do …..

  • Buyers pressure you to discount - or you risk losing the sale
  • Competitors’ lower prices force you to quote lower
  • Customers demand concessions or extras that steal your profit

It is easy it is to achieve a 5% to 10% increase in your selling price - even in price-pressured market sectors.

According to McKinsey and Company, a 5% increase in selling price can deliver an astonishing 40% increase in your operating profit.

Read the McKinsey and Company report here:
www.mckinsey.com/business-functions/marketing-and-sales/our-insights/the-power-of-pricing

If you want to find out more about increasing your prices without risking a sale why then perhaps you should come along to one of our masterclasses?

Click here for more information.

And yes it really does work

If you have a great Kent Business news feed, blog, podcast or video channel that you’d like us to include in Business Kent, or if you have any ideas of new Kent Business topics that you’d like us to focus on in the site, then please just contact us at info@bestbusinessevents.co.uk with details!






Post Comment
Join the conversation!Log in to leave a comment.

  • About Business Kent
    All the latest Kent business news from the best Kent business news sources, blogs and video channels from across the web. Curated and brought to you by Best Business Events.
    Contact Us
    Follow Us