Evaluating Your Pricing Strategy
Now is the time to examine it
In recent years, many organizations offered discounts on products and services as members recovered from the effects of the pandemic. But it's time to stop being risk-averse and take a proactive approach to pricing, according to Dede Gish-Panjada, MBA, chief operating officer and chief consultant at Bostrom.
That approach should involve assessing the current value proposition of individual products and services, and then determining pricing based on that assessment.
Michael Tatonetti, CPP, CAE, founder of Pricing for Associations, agrees that associations should consider the value they offer and adopt a strategic approach to pricing. However, not all products warrant price bumps, despite the discounting that's happened over the past three years.
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