market skimming price for 40 inch lcd tv,give suggestions,as you are market expert
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1 .charging high price initially will only result in good sale if your product have some diffrent features from tv already existing in market .having usp can also help in increasing sale .
2. compitition is high in electronic goods .consumer only believe in the company which have good reputation in market or say people they go with BRAND. your company's goodwill will also affect the sale . if it does not attract customers then customers will shift to your rival company and hence choosing skimming price as pricing method may fail your business.
3. doing a little research on how can ur company attract customers will prove to be helpful . there are already branded company which are giving this product and have some really loyal customers .provide the customer what actually they are lacking in others companies. some will shift to your company no matter what ur company is charging for it if they find it according to their need they will buy it.
4 last but most important ,give ur customers some valid and logical reasons why ur product is of high price. convince the target market that ur product worth the price tag it has .
2. compitition is high in electronic goods .consumer only believe in the company which have good reputation in market or say people they go with BRAND. your company's goodwill will also affect the sale . if it does not attract customers then customers will shift to your rival company and hence choosing skimming price as pricing method may fail your business.
3. doing a little research on how can ur company attract customers will prove to be helpful . there are already branded company which are giving this product and have some really loyal customers .provide the customer what actually they are lacking in others companies. some will shift to your company no matter what ur company is charging for it if they find it according to their need they will buy it.
4 last but most important ,give ur customers some valid and logical reasons why ur product is of high price. convince the target market that ur product worth the price tag it has .
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