It is never easy to set the right price and in a price-sensitive society like ours, if you don’t do it right, your business will be in some trouble. This is the key reason why you need to always carry out price testing, before jumping to any conclusions. I understand that this is not a simple task, so I prepared a guide containing the most common price testing methods explained as well as some deeper insights and explanations of the price testing, in order to prepare you comprehensively for this important step.
The question we are all asking is “How do you do price testing?” but there is no unique answer to it. First of all, I will propose some factors and steps you need to consider before even starting the price test – a sort of a testing framework.
Having this framework in mind, you can start your price testing.
I prepared a comprehensive guide on price testing methods
Let me know what do you think.