Dynamic pricing is a strategy that all online retailers must pay attention to. It is a supply-and-demand-based pricing model than enables real-time price changes in order to make the most out of high demand, clear out stock when needed, or …
Dynamic Pricing Strategy Benefits All Online Retailers Need to Know
Dynamic pricing in online retail has come a long way as a pricing strategy. It is defined as a strategy that allows retailers to respond in real-time to supply and demand levers. It provides countless benefits, such as enabling …
August 18, 2020
Replace Your Fixed Pricing Strategy With Dynamic Pricing
Developing a strong pricing strategy starts with an understanding of your competitors, your market, and the wider economy. Trying to price your products without this understanding is like trying to hit a moving target blindfolded. You might get lucky, but …
July 28, 2020
How Quick Service Restaurants Can Find Growth Opportunities
The food industry has undergone massive transformations over the last few years. Mobile payments and rewards, the drive to provide healthier options, and consumers’ demand for fast service without compromising on quality have affected every type of restaurant.
Quick service …
June 23, 2020
Coffee & Tea Category Insights: Recommendations for Brands and Retailers to Increase Market Share
Here at Wiser Solutions, we’re keener than ever to understand the state of our market and how it’s impacting our customers. While Peloton experiences a massive surge in sales and Spotify continues to grow its paid subscription base—it’s evident that …
May 12, 2020
What Are the Causes and Costs of Bad Data in Retail?
Building a successful business requires data, but not just any data: it must be accurate, high-quality data. Acquiring and maintaining a database of good data is no easy feat. For many brands and retailers, quality data can be hard …
July 9, 2019
Despite Higher Price Point, Samsung Leads in Perceived Value
In a recent survey conducted by Wiser of Walmart, Target, Best Buy, and Costco stores, shoppers were asked to consider price, quality, and features in order to provide their perceived value of Sony, Samsung, and LG televisions.
80 percent of …
June 6, 2019
Geotargeting Website Content? Here’s What You Need to Know
As an eCommerce business, you may have asked yourself if you should be geotargeting website content. It’s certainly a fair question, and the answer could be yes or no depending on what type of eCommerce business you are, what you …
December 20, 2018
How to Implement Dynamic Pricing
It’s evident that retailers need to utilize dynamic pricing to compete successfully online, with players like Amazon dominating the space.
In this blog post, we’ll share how to implement dynamic pricing to get the best results for your business. Keep …
September 11, 2018