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Ed,


Sometimes I'm as dumb as a box of rocks, but, I think the right answer is "It Depends"



IMO, You can use pricing as a core  strategy or a tactic... or both. 


For example, an old-old-old school retail marketing tactic is  "bait-n-switch" (aka "Loss Leader").  I don't care if it's Power Garden  equipment, Home Theaters,  Swimming Pools, Hot Tubs, Appliances,  it's  all the tactic.  A retailer uses pricing to drive traffic, nothing new  here, it's part of the retailers strategy.  BUT, deploy this into a  retailer that has no strategy (i.e. merchandising and sales training)  and you have a... FAIL.