pricing-strategy

This story was originally published on HackerNoon at: https://hackernoon.com/how-to-increase-marketplace-commission-a-real-story.
A real story and step-by-step guide on how to increase commission on your marketplace without disrupting business model.
Check more stories related to startups at: https://hackernoon.com/c/startups. You can also check exclusive content about #startup-advice, #entrepreneurship, #product-pricing, #pricing-strategy, #marketplace, #startups, #business-development, #marketplace-comission, and more.

This story was written by: @notarseniy. Learn more about this writer by checking @notarseniy's about page, and for more stories, please visit hackernoon.com.

This article discusses the strategies and considerations for effectively raising commissions in a marketplace, using the case study of Radar's driving schools marketplace in Eastern Europe. It covers understanding seller economics, assessing the marketplace's needs, determining the new commission rate, communicating the change, implementing the increase, and the impact of doubling the commission rate. Thoughtful planning and clear communication are emphasized as key factors in successfully adjusting commission rates.

This story was originally published on HackerNoon at: https://hackernoon.com/why-you-shouldnt-be-scared-to-increase-your-marketplace-commission.
In this article, Arseniy Maximov, a serial entrepreneur and marketplace builder discusses why and how to raise your marketplace's commission.
Check more stories related to startups at: https://hackernoon.com/c/startups. You can also check exclusive content about #startup-advice, #entrepreneurship, #product-pricing, #pricing-strategy, #marketplace, #startups, #business-development, #scaling, and more.

This story was written by: @notarseniy. Learn more about this writer by checking @notarseniy's about page, and for more stories, please visit hackernoon.com.

Raising commission rates in a marketplace can be a daunting decision, but it can also bring numerous benefits. Adjusting rates based on initial estimates, responding to economic changes, funding platform enhancements, and preparing for future growth are all valid reasons to raise commissions. Addressing fears of losing sellers, initial backlash, competitive disadvantage, and transforming the challenge into an opportunity are crucial in successfully implementing this change. In this article, Arseniy Maximov, a serial entrepreneur and marketplace builder discusses why and how to raise your marketplace's commission.

This story was originally published on HackerNoon at: https://hackernoon.com/navigating-the-complexities-of-pricing-strategy-in-a-shopify-tech-startup.
Exploring our startup's journey through evolving pricing strategies, focusing on customer needs, market adaptation, and innovative growth.
Check more stories related to business at: https://hackernoon.com/c/business. You can also check exclusive content about #shopify, #startups, #business-growth, #pricing-strategy, #dynamic-pricing, #subscription-based-models, #customer-experience, #widget-view-based-pricing, and more.

This story was written by: @smakss. Learn more about this writer by checking @smakss's about page, and for more stories, please visit hackernoon.com.

Our startup has navigated a complex journey through various pricing models, evolving from a simple widget view-based approach to sophisticated usage-based and subscription strategies. This journey, driven by customer feedback and market dynamics, underscores our commitment to learning and adapting. Balancing technical challenges and resource constraints, we've focused on aligning our pricing with business goals and user needs, ensuring stability and value in the ever-changing tech landscape.

This story was originally published on HackerNoon at: https://hackernoon.com/product-pricing-how-to-determine-the-best-price-point-for-your-product.
In today's changing business landscape, mastering the art of pricing is a strategic imperative that can have a significant impact on a product's market success.
Check more stories related to product-management at: https://hackernoon.com/c/product-management. You can also check exclusive content about #product-management, #pricing-strategy, #marketing, #economics, #pricing-models, #dynamic-pricing, #psychological-pricing, #what-is-competitive-pricing, and more.

This story was written by: @rajreddy. Learn more about this writer by checking @rajreddy's about page, and for more stories, please visit hackernoon.com.

Developing the ideal price point for your product is a dynamic process that necessitates a comprehensive approach. Businesses can set prices that are not only competitive but also resonate with their target audience by combining insights from various pricing methods and triangulating them with market dynamics, competitor analysis, and customer perceptions.