olive oil, olives, food @ Pixabay

When it comes to pricing, a lot of companies have two options. They can either offer an introductory price, or they can set the price high and hope that customers will buy it. The problem with this is that some products are not worth $200 just because someone says so. For example, if you are launching a new product on the market, you should not use a market-skimming pricing strategy for your first few batches of items. This is because people may see the item as overpriced when there’s no reason for it to be more expensive than other similar products in its class.

olive oil, olives, food @ Pixabay

You want them to make their own decision about how much they’re willing to pay based on what they think of the product itself instead of relying on an arbitrary price that you set. A market-skimming pricing strategy should not be used for a new product when, ..People may see the item as overpriced when there’s no reason for it to be more expensive than other similar products in its class. You want them to make their own decision about how much they’re willing to pay based on what they think of the product itself instead of relying on an arbitrary price that you set. You can use this blog post title and description to create your next content draft: A Market-Skimming Pricing Strategy Should Not Be Used for a New Product (

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