The Resale Revolution
Increasingly, companies are reselling their own products. Should you get into the game?
Summary: The average U.S. household contains a trove of potentially reusable goods worth roughly $4,500. That’s a lot of trapped value, and companies are at last getting serious about accessing it—by developing new resale capabilities. Resale has been with us for a very long time, of course—at yard sales, on used-car lots, in classified ads.
A Step-by-Step Guide to Real-Time Pricing
An advanced AI model considers much more than what competitors are charging.
Summary: In today’s fast-paced world of digital retailing, the ability to revise prices swiftly and on a large scale has emerged as a decisive differentiator for companies. Many retailers now track competitors’ prices via systems that scrape rivals’ websites and use this information as an input to set their own prices manually or automatically. A common strategy is to charge X dollars or X percent less than a target competitor. However, retailers that use such simple heuristics miss significant opportunities to fine-tune pricing.
Boomers Daily 