Did you know, on average, a 1% price increase translates into an 8.7% increase in operating profits? It’s hard to believe the smallest percent increase or decrease in price can make a significant impact on profit margins. This statistic highlights the importance pricing can have on your company’s bottom line.
To read the full post go to Sales. We’ve shared this because we think it may be helpful to the insurance community.
If the link above doesn’t work, cut and paste this url into your web browser: https://blog.hubspot.com/sales/competition-based-pricing