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1 strategies and tactics for Competitive Pricing

What is Competitive Pricing strategy?

Every great achievement starts with a well-thought-out plan. It can be the launch of a new product, expanding into new markets, or just trying to increase efficiency. You'll need a delicate combination of strategies and tactics to ensure that the journey is smooth and effective.

Finding the right Competitive Pricing strategy can be daunting, especially when you're busy working on your day-to-day tasks. This is why we've curated a list of examples for your inspiration.

Copy these examples into your preferred tool, or utilize Tability to ensure you remain accountable.

How to write your own Competitive Pricing strategy with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI generator below or our more complete goal-setting system to generate your own strategies.

Competitive Pricing strategy examples

You will find in the next section many different Competitive Pricing tactics. We've included action items in our templates to make it as actionable as possible.

Strategies and tactics for supporting clients and partners

  • ⛳️ Strategy 1: Enhance service quality

    • Implement regular training sessions for staff to improve skills
    • Conduct customer satisfaction surveys to gather feedback
    • Develop a quality assurance program to monitor service standards
    • Introduce a system to track and analyse service delivery performance
    • Encourage a culture of continuous improvement among employees
    • Set up a dedicated team to handle service-related inquiries promptly
    • Use customer feedback to make iterative improvements to services
    • Benchmark services against industry standards to ensure competitiveness
    • Offer personalised solutions to meet specific client needs
    • Maintain regular communication with clients to understand their expectations

  • ⛳️ Strategy 2: Set competitive pricing

    • Analyse market rates to assess competitive pricing
    • Calculate cost structures to ensure profitability while offering fair prices
    • Offer pricing bundles that provide clear value to clients
    • Provide transparent pricing information to build trust with clients
    • Conduct regular reviews of pricing strategy to remain competitive
    • Develop discount programs for long-term clients and partners
    • Engage in partnerships to leverage economies of scale
    • Use client feedback to evaluate the perceived value of services
    • Differentiate services by offering unique value propositions
    • Communicate the benefits and value of the service clearly to justify pricing

  • ⛳️ Strategy 3: Strengthen partnerships

    • Regularly meet with partners to discuss performance and expectations
    • Develop joint initiatives that benefit both parties
    • Establish clear communication channels with partners
    • Create partnership agreements that outline mutual objectives
    • Foster collaboration through shared resources and knowledge exchange
    • Provide partners with regular market insights and updates
    • Invite partners to co-host events or workshops
    • Acknowledge and highlight partner contributions in communication channels
    • Set up feedback loops with partners for continuous improvement
    • Celebrate partnership milestones to strengthen relationships
service-qualitycompetitive-pricingcustomer-service-managerpricing-analystquality-assurance-teampartnership-development-team
Implement these strategies

How to track your Competitive Pricing strategies and tactics

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

More strategies recently published

We have more templates to help you draft your team goals and OKRs.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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