Pricing Structure - How To Create A Pricing Structure For Your Business In 5 Easy Steps<br /><br />A major development in Australian business in 2018-19 is re-designing a more sophisticated pricing structure to collect more revenue across different customer and price segments.<br /><br />Many Australian businesses have been experiencing a series of pricing errors due to a legacy pricing structure, which is causing substantial margin erosion:<br /><br />Customers are increasingly employing procurement teams to identify price inconsistencies.<br />Consumers are quick to demand discounts or credits as compensation for advertised pricing mistakes.<br />Sales teams are losing confidence in pricing structures because they are often complicated, hard to understand or misaligned to market expectations<br /><br />In this article, we will explain what a pricing structure is and how a good pricing structure can dramatically help your sales teams improve pricing decisions in the following ways:<br /><br />Real world industry examples, including different types of pricing structure in B2C airline flight ticket prices, electricity / energy and B2B industrial.<br />A detailed checklist and tips on how to develop a sophisticated pricing structure for your business that takes into account industry nuances.<br />An evaluation of pricing department structure and team role requirements for strategic pricing work like pricing structure redesign.<br /><br />Read the full post here:<br /><br />https://taylorwells.com.au/pricing-structure/
