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10 Ways SMBs Can Maximize Profit

Stax

Then you should do market research to figure out what other businesses are charging and what customers are willing to pay. CardX by Stax enables you to maximize profitability through an automated and fully compliant surcharging program. A few tips: Identify your target audience.

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Bundle Pricing: Definition, How It Works, and Best Practices

Stax

It can be challenging to find the right pricing and bundle mix : unless you invest heavily in market research, it can be difficult to find the right balance between offering attractively priced bundles and making a decent profit on your items. The only way to know what your customers want is via market research.

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Developing a Pricing Strategy: 7 Types of Pricing and How to Implement Them

Stax

How do you want to position your brand in the market? Step 2: Understand what your target audience is willing to pay Target market research must be all-encompassing, and may be divided into two stages. The first stage involves building customer personas of the various customer groups in your target market.