Select your geographical regions Input the region-specific costs such as different VAT rates and shipping costs
One tool for your whole company. Free for teams to try.
An ecommerce company may vary their pricing for specific products based on the geographic location of the customer. This can be influenced by factors such as local purchasing power, varied cost of production, market demand, and regional competition. The company can use SYMSON to set their prices in specific regions to set customized prices suitable for customers in that country or region.
Select your geographical regions Input the region-specific costs such as different VAT rates and shipping costs
Select the products which you wish to offer to these new regions Create your pricing strategy with the existing pricing strategies in SYMSON
When expanding to new geographical regions, use SYMSON to automate the pricing process. You can account for shipping costs and VAT and currency differences
When entering new markets, use it along with competitive pricing to find the right price range and benchmark against your competitors in the region.
An Online retailer often adjust prices based on the shipping destination. For example, customers in closer proximity to the distribution center may enjoy lower shipping costs compared to those located farther away. A retailer can therefore use SYMSON to set shipping costs based on specific regions. They can also account for differing tax policies across countries within SYMSON.
Geographical pricing is the adjustment of prices based on where the buyer is located and it can be part of a dynamic pricing strategy.
HOW TO USE GEOGRAPHICAL PRICING
In the past, geographical pricing was mainly used to cover shipping costs or to account for import or export taxes. However, nowadays businesses use this to account for regional differences in supply and demand curves to accommodate geographical markets better.
When expanding to new geographical regions, use SYMSON to automate the pricing process. You can account for shipping costs and VAT and currency differences
When entering new markets, use it along with competitive pricing to find the right price range and benchmark against your competitors in the region.
One tool for your whole company. Free for teams to try.
Geographical pricing is the adjustment of prices based on where the buyer is located and it can be part of a dynamic pricing strategy.
HOW TO USE GEOGRAPHICAL PRICING
In the past, geographical pricing was mainly used to cover shipping costs or to account for import or export taxes. However, nowadays businesses use this to account for regional differences in supply and demand curves to accommodate geographical markets better.
SYMSON’s versatile pricing engine allows you to combine Geographic Pricing with other pricing strategies or apply across different layers of your pricing process.
Geographical Pricing for an E-commerce Company
An ecommerce company may vary their pricing for specific products based on the geographic location of the customer. This can be influenced by factors such as local purchasing power, varied cost of production, market demand, and regional competition. The company can use SYMSON to set their prices in specific regions to set customized prices suitable for customers in that country or region.
Geographical Pricing for an Online Retailer
An Online retailer often adjust prices based on the shipping destination. For example, customers in closer proximity to the distribution center may enjoy lower shipping costs compared to those located farther away. A retailer can therefore use SYMSON to set shipping costs based on specific regions. They can also account for differing tax policies across countries within SYMSON.
An ecommerce company may vary their pricing for specific products based on the geographic location of the customer. This can be influenced by factors such as local purchasing power, varied cost of production, market demand, and regional competition. The company can use SYMSON to set their prices in specific regions to set customized prices suitable for customers in that country or region.
Select your geographical regions Input the region-specific costs such as different VAT rates and shipping costs
Select the products which you wish to offer to these new regions Create your pricing strategy with the existing pricing strategies in SYMSON
When expanding to new geographical regions, use SYMSON to automate the pricing process. You can account for shipping costs and VAT and currency differences
When entering new markets, use it along with competitive pricing to find the right price range and benchmark against your competitors in the region.
An Online retailer often adjust prices based on the shipping destination. For example, customers in closer proximity to the distribution center may enjoy lower shipping costs compared to those located farther away. A retailer can therefore use SYMSON to set shipping costs based on specific regions. They can also account for differing tax policies across countries within SYMSON.
