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Full Description
Navigate Inflation, Keep Valuable Customers, Increase Profits
As you read this, inflation is steadily and (not so) slowly eating into your profit margins. Simultaneously, your sales teams are using discounts and rebates as crutches to help them close sales, even as this habit threatens the profitability of your business.
In the newly revised second edition of Pricing with Confidence: Ten Rules for Increasing Profits and Staying Ahead of Inflation, world-renowned pricing consultants and thought leaders Reed K. Holden and Jeet Mukherjee deliver a compelling argument against the conventional view that there is a tension between revenue growth and profit growth. In the book, you'll learn how your firm can enjoy both even as it stays ahead of inflation.
The authors also explore:
The importance of a sound pricing strategy to protect profits
How stellar analytics and quality metrics can help you set the perfect price
Innovation as the life blood of organizational growth
How to set sales team and customer expectations, keep valuable customers, and achieve value from technology
Building your "selling backbone" to prepare for tough negotiations and draft profitable RFPs
A can't-miss update to one of the most valuable pricing resources on the market today, Pricing with Confidence belongs in the libraries of pricing managers, executives, founders, entrepreneurs, independent professionals, and anyone else expected to help their organization grow revenues while simultaneously improving margins.
Contents
Preface: the Inflation Imperative ix
Acknowledgments xiii
Introduction: Getting Used to Supply Chain and Cost Turbulence 1
Chapter 1 Rule One: Price for Profit 19
Chapter 2 Rule Two: An Ounce of Execution Is Better Than a Pound of Strategy 39
Chapter 3 Rule Three: Kick the Discounting Habit 57
Chapter 4 Rule Four: Know Your Value 69
Chapter 5 Rule Five: Strategy Sets the Direction 89
Chapter 6 Rule Six: Innovate for Growth 117
Chapter 7 Rule Seven: Understand Your Market 131
Chapter 8 Rule Eight: Build Your Give- Gets Muscle 147
Chapter 9 Rule Nine: Build Your Selling Backbone 163
Chapter 10 Rule Ten: Deploy Three Practices to Increase Profits 179
Chapter 11 Conclusion: Price with Confidence - The Journey 197
About the Authors 211
Index 213
