Know which products to promote without impacting your revenue
Rising inflation makes cost a barrier to most consumers. See how a temporary or permanent change in your pricing can help to make your product more attractive without impacting your bottom line.
Step 1 Navigate to ‘Pricing & Promotions’ and click on ‘Promotion Planner’. |
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Step 2 Utilize the filter tray located in the top navigation to refine your product search Select ‘Compare in > Actual’ to see how much revenue is predicted to be gained or lost by the price change. |
Step 3 In this example, a temporary price reduction of 30% on the top product is predicted to gain our brand +£14.8k revenue. Sorting by ‘Brand Revenue Absolute’ allows you to see which has the biggest positive impact |
Step 4 Click on the name of the product SKU to go a little deeper. A new window opens where you can the potential impact of price discounts on your own and your competitors’ revenue and unit sales. |
Understand how a temporary price reduction could impact your profit and identify the perfect product to promote in only 4 steps.
Want to dig a little deeper? Our video guide shows more on how to use Pricing and Promotion Scenario Planner to simulate the impact of price changes.