Goodwill price determination

Under The Bar: Is Your Pricing Legal?  December 12, 2010 – 05:19 pm
Price determination

elitefts™ Sunday edition Is Your Pricing Legal?

Before we get started

Before I begin this post, I would like to point out that these are strategies I’ve seen used, read about, studied, discussed and heard about from others. These are not necessarily what we use at elitefts™. One very important aspect to understand about pricing is that some strategies are illegal, unethical, they can have negative consequences or even put you out of business. At the same time, they can make the difference between a successful product and a flop. The purpose of this article is to educate you as to what some of these are so you can make more informed decisions.

Three things

You can compete on three things: price, quality and service (recently some have added education and technology to this mix). You can’t have the lowest price and the best service. You also can’t have the highest quality at the lowest price. Financially, this can’t be done regardless of the economies of scale. You have to select what one or two you want to compete on and stick with it.

Source: Elite FTS

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Your opinion you can keep - let's see some data

You know man, there's a lot of people who can think for themselves. If you really want to share this data and the data is factual, then post it, or link to it. What you've posted is a bit like an editorial. It's your take and I personally prefer to do the interpretation myself. I can tell you that the studio I moved in to in 1998 was priced at $725 then and it's being advertised at the low low p...explain this course of action though I can admire their committment to their chosen course of action regardless of it's financially unsound nature.
I must say the landlords aren't garnering a whole lot of goodwill these days. Hooray for Rent Control. Up with tenent rights and down with landlord tyranny. Speak your mind publicly or forever hold your piece (spelling intended).
markoff

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