visualized by: SociallySorted.com.au
Setting the right price for a service or product is more than doing the cost / profit estimation. Several experiments have been conducted by reputable professors, marketing and sales professionals, showing the psychological background of value perception from consumers’ side and the possibilities retailers have to manipulate their purchase decision. See how numbers hit the brain inside out.
visualized by: Stitch Labs
Here is a general guide for e-Shop owners about how to keep the right sizes in stock so that they minimize inventory costs and maximize revenue. According to research based on 340K online transactions, the traditional 1-2-2-1 rule for product mix supply levels doesn’t yield the best possible results while it might lead to excessive stock-keeping.
visualized by: ProMarketing Leads
From direct sales to telemarketing and mobile commerce of modern times, here you see the changing face of sales in history as a process that facilitates people’s need for trading.