
The Pricing Model Revolution
Description
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An incisive and accessible blueprint to pricing your company's products and services
In The Pricing Model Revolution: How Pricing Will Change the Way We Sell and Buy On and Offline, world renowned pricing expert Danilo Zatta delivers an essential and engaging blueprint to building an enduring competitive advantage with insightful pricing models. In the book, you'll learn to identify the best monetization approaches for your products and how to execute the one that makes the most sense for your business. From freemium to subscription, pay-per-use, and even neuropricing, the author discusses every available option and shows you how to choose.
Although it's rigorous and evidence backed, The Pricing Model Revolution avoids an overly academic perspective in favour of providing you with concrete, practical guidance you can apply immediately to start generating more revenue. You'll learn things like:
- How to make smart and innovative pricing a core component of your next product offering
- How to distinguish between every new, future-oriented monetization approach
- Which factors to consider when you're choosing on a new pricing model for your most popular products
An essential read for C-level executives, managers, entrepreneurs, and sales team leaders, The Pricing Model Revolution belongs on the bookshelves of every business leader seeking to learn more about one of the foundational topics driving top-line revenue and bottom-line profitability today.
DANILO ZATTA, PHD, MBA, is a world-renowned pricing expert and management advisor, with over 25 years' experience leading pricing, sales, revenue growth, and business transformation projects for blue chip corporations, SMEs and investors in Europe, North America, and around the world. He intervenes as key note speaker at leading universities and corporate events and also coaches C-levels on topline excellence. Dan received his doctorate in Revenue Management and Pricing at TUM Munich in Germany and holds an MBA from INSEAD in Singapore and France. His studies in Economics were completed at the UCD in Ireland and Luiss in Italy.
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Content
- Cover
- Title Page
- Copyright Page
- Contents
- Preface
- Acknowledgments
- Part I The Pricing Model Revolution
- Chapter 1 Monetization as a priority
- Pricing: The New Source of Competitive Advantage
- Triggers of the Pricing Model Revolution
- The Pricing Model Revolution
- Summary
- Part II New Approaches to Monetization
- Chapter 2 Pay-per-use/per-wash/per-mile/.
- Case History
- Analysis of Context
- Paying by "Cleaned" Square Meters
- Paying According to Individual Exercise
- Paying for the Skill of Elaboration
- Paying by the Mile
- Power by Hour
- Paying by Cubic Meter of Compressed Air
- Payment by Weight
- Adoption and Limitations
- Summary
- Chapter 3 Subscription pricing
- Case History
- Analysis of Context
- Subscriptions in B2C
- B2B subscriptions
- Summary
- Chapter 4 Outcome-based pricing
- Case History
- Analysis of Context
- Origin
- A click as a result
- Kilowatt hours as a result
- Hours of light as a result
- Broken rocks as a result
- Health as a result
- Insured risk as a result
- Transformation of pricing and of the company
- Summary
- Chapter 5 Psychological pricing
- Case History
- Case History - Altered Version
- Analysis of Context
- The nine behavioral pricing rules that make a difference
- Summary
- Chapter 6 Dynamic pricing
- Case History
- Analysis of Context
- Origins and development
- Main forms of dynamic pricing
- Expansion and impact
- Success factors
- Expedients for avoiding non-optimal, or excessive prices
- Summary
- Chapter 7 Artificial-intelligence based pricing
- Case History
- Analysis of Context
- Phases for Developing AI-Based Pricing
- 1. Data collection and cleansing
- 2. Training of the algorithm
- 3. Optimization based on forecasts
- Applications of AI-Based Pricing: B2C and B2B
- Geo pricing
- Contract margin predictor
- Churn minimizer
- Discount predictor
- Customer segmentation
- Cross- and up-selling
- Summary
- Chapter 8 Freemium
- Case History
- Analysis of Context
- 1. Free
- 2. Freemium
- 3. Triangulation
- 4. Rules for successful freemiums
- Summary
- Chapter 9 Sympathetic pricing
- Case History
- Analysis of Context
- Summary
- Chapter 10 Participative pricing
- Case History
- Analysis of Context
- Choose-what-you-pay (or pay-what-you-want)
- Name your own price
- Summary
- Chapter 11 Neuropricing
- Case History
- Analysis of Context
- Low prices do not ruin profit margins alone
- Time and price
- When payment causes pain
- A wide range of offer inhibits buying
- The context influences price perception
- Gut decisions take place in the head
- Summary
- Part III How to Win
- Chapter 12 Success with new pricing models
- Case History
- How to Succeed With New Revenue Models
- 1. Identifying perceived value
- 2. Setting up the new monetization
- 3. Changing the revenue model
- Lessons on changing the form of monetization
- Final Summary
- Notes
- About the Author
- Index
- EULA
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