Tiered pricing is a pricing strategy where you offer your products or services at different price points based on criteria like quantity, features, usage, or level of service.
Tiered pricing can boost profitability by capturing more market share and encouraging customers to opt for higher-priced tiers, providing greater value as they upgrade.
Incentivizing larger purchases can provide customers with better value at higher tiers, making them flexible in choosing options that cater to their budget and needs.
Tiered pricing differs from volume pricing by providing varying rates based on usage or quantity, which often decreases as customers reach higher purchasing thresholds.
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