Zilliant’s Post

IYKYK: dynamic pricing and surge pricing are not the same. In Computer Weekly, Glynn Davis does an excellent job identifying the misconceptions around dynamic pricing. He also offers examples of the benefits of intelligent pricing strategies, including multiple intra-day changes according to factors such as impending expiry dates on perishable goods, changes in the weather and over-stocked goods. Revionics' Matthew Pavich lends insights to the article based on what we're seeing within our global customer base. https://bit.ly/4b8t7bT

Stay informed on the latest trends in pricing strategies and how they can affect your bottom line. #BusinessInsights #PriceOptimization

The real economy is going real-time. Improved pricing efficiency means better resource allocation (less waste). In a competitive market, the spoils of the improvement will be shared by buyers and sellers. In this case between consumers and producers. https://lnkd.in/dtHfkvdn

Questions on pricing continue to abound. But there's far more to consumer and shopper decision-making than mere price. My latest for the Greenbook 𝗕𝗲𝗵𝗮𝘃𝗶𝗼𝗿𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗔𝗰𝗮𝗱𝗲𝗺𝘆 unpacks 𝙩𝙝𝙚 𝙤𝙩𝙝𝙚𝙧 4 𝙩𝙮𝙥𝙚𝙨 𝙤𝙛 '𝙘𝙤𝙨𝙩' 𝙥𝙚𝙤𝙥𝙡𝙚 𝙥𝙚𝙧𝙘𝙚𝙞𝙫𝙚 in making everyday purchase decisions... #consumerinsights #shoppermarketing #neuromarketing https://lnkd.in/gt3BXTbc

In 2023, the Consumer Price Index kept rising in #Winnipeg. In broad terms, it would take $158.30 for a Winnipegger to buy a basket of goods that they could have bought in 2002 for $100.

Wondering how to navigate shifts in the C-Store and #FuelIndustry? We've got insights! 🚀 Our blog dives into the biggest trends affecting the market, from the impact of higher fuel prices on customer behavior to the strategic moves needed to adapt to inflation. Learn how data can help you unlock new business opportunities, from improving loyalty programs to smartly adjusting operating expenses. Get the details here: https://hubs.li/Q02KbgfK0

Have you heard of shrinkflation? It happens when the quality or size of a product is reduced but the price stays the same. Learn more about shrinkflation and how you can manage it: https://brev.is/oTHuD. #Shrinkflation #USEconomy

# Average Basket Value : is the average amount spend by shoppers in one transaction # The calculation : ABV= Total value of all transactions / Number of Transactions # Four Strategies to Improve Average Basket Value (ABV). 1. Upselling and Cross-selling: Encourage customers to purchase higher-value items or complementary products. 2. Bundling Products: Offer product bundles at a discount to incentivize larger purchases. 3. Minimum Purchase Incentives: Implement free shipping or discounts on minimum purchase amounts to encourage larger transactions. 4. Personalized Recommendations: Use data analytics to suggest products tailored to individual customer preferences.

Are you navigating the challenges of inflation and changing consumer behaviors? Discover how to adjust your pricing strategies, enhance value, and build loyalty in our latest #blog. https://hubs.ly/Q02kYBx00 #RetailInsights #GroceryTrends

What happens, if a consumer seeking a particular product is not able to find the product and the purchase decision is never made? “Search Regret” Search regret is defined, as a post-search dissonance that results from an unsuccessful pre-purchase search during which the consumer is unable to locate the product and purchases nothing or is forced to purchase a substitute. This creates a negative impact in the mind of the consumer about the retailer and the product. This is can be reduced by providing ample information to the consumers and reducing stock out situations and providing proper training to the sales team. Source: Consumer Behavior 12th edition by Schiffman, Wisenblit, Kumar #marketing #consumerbehavior #consumerinsights #retailmanagement #sales #imtghaziabad #pgdmexp