💡 Tip of the Week #34: Pricing Your Products Like a Pro! 🏷️💰

Join Dr. Stephen Mulholland for this week’s BoomerangFX Tip of the Week, where we dive into pricing strategies—this time focusing on competition-based pricing! 🛠️✨

Here’s what you’ll learn:
✅ How to analyze competitor pricing in your market 🌐
✅ Why understanding your cost of goods and services is crucial 📊
✅ How to align your prices with your retail value proposition and business goals 📈
✅ Practical steps for conducting a competitive analysis using Google searches and mystery shopping 🔍🤫

💡 Pro Tip: Whether you’re a luxury brand aiming for the top 🏆 or a hybrid looking for middle-to-high pricing, competitive analysis ensures your pricing strategy aligns with market expectations and your business objectives.

https://youtu.be/VOjoy-wvJbM