How Retailers Use Personalized Prices

Re:How Retailers Use Personalized Prices by hnhg on Sunday October 22, 2017 @09:00AM (#15526612)

You need scale for all of these, right? How would you start with an entirely new product or service with no previous presence in the market?

I guess you could look at similar products but if you're targeting a new market entirely, you might have no assurances that your assumptions are correct.

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Re:How Retailers Use Personalized Prices by Nokinside on Sunday October 22, 2017 @09:16AM (#15526673)

You revert back to more traditional pricing methods.

Pricing was advanced field even before the internet. Everyone doing it should first study pricing at least few days to get a feel and ideas and to know what kind of pricing methods to use and how to determine the initial price and how to change it.

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Re:How Retailers Use Personalized Prices by hnhg on Sunday October 22, 2017 @09:31AM (#15526740)

What are they, out of interest? Is there a good primer anywhere online?

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