Register now or log in to join your professional community.
If you as a marketer are able to make your product stand out than competitor and sell it without doing reduction in price highlighting features of the product that benefit the customer using customer focused selling skills.
Well simply, I personally like this type of marketing, basically its a free market system which is driven by the other perks on the products and services instead to open a price game or price war.
Non-pricing strategies occur when a company decides to distinguish its products from their competitor’s products, not by price but on the basis of other attributes such as design and materials or by its quality of service or speed of delivery. This takes all consideration of price out of the equation and concentrates on how the product is marketed and advertised to potential customers to convey the differentiators.
It is a strategy in which a company tries to distinguish it's product or service from the competition not on the basis of price, but on the basis of issues like:
- Features
- Attributes
- Quality of Service
- Extensive distribution
- Customer Service
- Warranty and/or Guarantee
Soft selling. Its the quality of the product that is being sold not the price.
Non-Price competition is a Marketing strategy, where the trader tries to differentiate his product from his competitors with out reducing the price.
I am late many professional already give complete answer.Many Thanks Sir For your invitation..I agree with all.
Non price competition refers to the rivalry between competitors to contest in other aspects rather than prices. In this sense, they lead the audiences' attention to the distinctive features of their products that differentiates the specific product from those similar products of competitors. Ways might be through branding such as Apple and Samsung smart phones, offering innovative features such as marketing next generation before the competitor does so. Here, Apple5s and Samsung Galaxy S4, later Samsung introduced Galaxy5S before Apple's Iphone6 so on and so forth.
I voted the best though responses that I found
Everything is permit to touch up customers commitement but prises are exclused
Thank you all