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Data-driven Pricing Can Increase Your Profit

Holden Advisors

But data-driven pricing, when done right, will lift your profit margins in the short term. Here’s the story of how hunting down hidden data turned profits around for one company. Instead, they depend on cost-plus pricing , market pricing , or even “gut-feeling” pricing because that is what they have done historically.

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What is pricing analytics? How data-driven pricing boosts profitability

PandaDoc

Understanding how pricing impacts profitability is crucial for businesses. Pricing analytics uses data to provide insights into customer behavior, market trends, and competitor strategies — ultimately helping businesses set prices that maximize revenue and meet customer expectations. What is pricing analytics?

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Why Don’t Clients Make Decisions? (And How to Help Them Commit)

Account Manager Tips

Why Don't Clients Make Decisions (and How to Help Them Commit) As a key account manager, your goal is to keep your clients happy and satisfied with your solutions. But it's hard to get to that point if those clients never make a decision. And they wouldn't make a decision? Decision fatigue.

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Your Guide to Data-Driven Decision-Making in 2024

AchieveIt

Using intuition or a vibe might work when choosing where to go on your next vacation or which restaurant to try, but not when making strategic or business decisions. Your decision-making process should be centered around these valuable insights. What is data-driven decision-making (DDDM)?

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What is Profit Margin?

Arpedio

Profit margin is a crucial concept in business finance. It is the percentage of profit a company generates per dollar of revenue earned. Monitoring and managing profit margin plays a vital role in determining a company’s long-term profitability. What is a Profit Margin?

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Understanding Profit Margin vs. Markup Differences

Arpedio

Profit margin and markup are two important concepts that businesses need to understand to make informed financial decisions. While they may be similar in many ways, they have key differences that can significantly impact a company’s profitability and pricing strategy.

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Make smarter decisions using business intelligence

Insightly

The days of using intuition over data to make business decisions are mostly gone. Marketing might be reporting on email open rates, but what does that mean for the rest of the business? If all marketing does is pat themselves on the back for increasing email open rates, they end up with what are referred to as “vanity metrics.”