Implementation of Pricing Strategies to Increase Sales in The Digitalization Era

Pricing strategy plays an important role in marketing, influencing consumer decisions and sales volume. Methods such as penetration pricing, psychological pricing, and discount pricing are used to attract consumers' attention. Modern technologies, including data analytics and AI, enable rapid price adjustments to increase profitability and competitiveness. Pre-sales also collects important data to increase sales of new products. In the supply chain, traditional and direct channel pricing and service strategies are important for customer satisfaction. Dynamic pricing optimizes sales by adjusting prices based on consumer demand and perception. Consumer behavior analysis supports the effectiveness of pricing strategies, both cost-plus pricing for products and value-based pricing for services. In addition, price personalization strategies and money-back guarantees can increase customer trust and loyalty, especially in online markets, through real-time interactions and technology-based promotions.

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Publication Details

Journal
Maneggio
Published
2024-12-31
DOI
https://doi.org/10.62872/j1y8vw67
Citations
2
Primary Topic
SMEs Development and Digital Marketing
Type
article
Field-Weighted Citation Impact
3.42
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article

Implementation of Pricing Strategies to Increase Sales in The Digitalization Era

Setyani Dwi Lestari, Slamet Mudjijah, Selamet Riyadi, Dina Nadiyah Faiqoh
2 citations
Maneggio
SMEs Development and Digital Marketing
3.42
article

Implementation of Pricing Strategies to Increase Sales in The Digitalization Era

Setyani Dwi Lestari, Slamet Mudjijah, Selamet Riyadi, Dina Nadiyah Faiqoh
article en
2 citations

Abstract

Pricing strategy plays an important role in marketing, influencing consumer decisions and sales volume. Methods such as penetration pricing, psychological pricing, and discount pricing are used to attract consumers' attention. Modern technologies, including data analytics and AI, enable rapid price adjustments to increase profitability and competitiveness. Pre-sales also collects important data to increase sales of new products. In the supply chain, traditional and direct channel pricing and service strategies are important for customer satisfaction. Dynamic pricing optimizes sales by adjusting prices based on consumer demand and perception. Consumer behavior analysis supports the effectiveness of pricing strategies, both cost-plus pricing for products and value-based pricing for services. In addition, price personalization strategies and money-back guarantees can increase customer trust and loyalty, especially in online markets, through real-time interactions and technology-based promotions.

ManeggioVol. 1(6)
Universitas Nahdlatul Ulama Indonesia (ID), Universitas Budi Luhur (ID), Universitas Nahdlatul Ulama Lampung (ID)
Openalex Percentile: Top 6%
SMEs Development and Digital Marketing
3.42
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Implementation of Pricing Strategies to Increase Sales in The Digitalization Era — Setyani Dwi Lestari, Slamet Mudjijah, et al. · Maneggio (2024) | TGRS Research Map | TGRS