Tip: Develop a robust financial model that lets you simulate different pricing scenarios and their impact on your bottom line. This can help you mitigate risks before putting a pricing structure into practice.
5. Monitor trends and adapt as needed
The market is dynamic, and your pricing strategy needs to be dynamic, too. Continuously monitor market trends, competitor actions, and customer feedback to adjust your prices to suit your needs.
Tip: Set up a dashboard to track key market and internal afghanistan phone number list performance indicators, so you can quickly react and respond to changes.
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