How To Use Price Skimming The Right Way

Image for post
Image for post

What is Price Skimming?

Image for post
Image for post
Image for post
Image for post

Examples of price skimming

Image for post
Image for post

Price skimming in SaaS

Advantages of price skimming

Superior profit margins

Dynamic prices

Quicker real-time monitoring

Helps create buzz

Correct segmentation

Quicker cost recovery

Downsides of price skimming

Can affect the brand negatively

Competition takes advantage

The product must have an inelastic demand

Short term advantages

Through implementation mandatory

Price skimming and penetration pricing

Image for post
Image for post

Bottomline

Turning log data into real time insights. Real-time log aggregation and analysis to any S3 compatible object-store| Eliminate Cost Per GB | www.logiq.ai

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store