What are the benefits of tiered pricing?
Tiered pricing allows businesses to cater to different customer segments by offering various price points.
Can you explain how it helps in maximizing revenue?
Sure! It encourages customers to spend more by providing options that align with their willingness to pay.
Are there any downsides to using tiered pricing?
Yes, it can confuse customers if not structured clearly, leading to potential loss of sales.
How can I implement tiered pricing in my business?
Start by analyzing your customer base, then create distinct tiers that offer clear value at each level.
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