Back to Customer Value in Pricing Strategy
University of Virginia

Customer Value in Pricing Strategy

The traditional approach to pricing based on costs works to pay the bills, but it leaves revenue on the table. You can, in fact, price your products in a way that increases sales--if you know what your customers are willing to pay and can leverage psychology to create better deal and discount plans. In this course, we'll show you how to price a product based on how your customers value it and the psychology behind their purchase decisions. Developed at the Darden School of Business at the University of Virginia, and led by top-ranked Darden faculty and Boston Consulting Group global pricing experts, this course provides an in-depth understanding of value-based pricing and how to use it to capture more revenue. By the end of this course, you'll be able to... -- Apply knowledge of customer value to price products -- Leverage core value-based pricing techniques to inform pricing decisions -- Measure customer willingness to pay using models (surveys, conjoint analysis, other data) -- Use knowledge of consumer psychology to set prices beneficial to both consumers and sellers

Status: Behavioral Economics
Status: Consumer Behaviour
BeginnerCourse15 hours

Featured reviews

EV

5.0Reviewed Jun 24, 2020

Although it needs lot of your time and efforts, it surely is totally worth of your hard work and time. Course is very well drafted and presenters have done a great job

PN

5.0Reviewed Aug 3, 2023

Great learning with practical and thought provoking assignments!

AG

5.0Reviewed Mar 17, 2020

This is the best course by far in the specialization. A lot of new things for me to learn. Absolutely loved it.

CA

5.0Reviewed Jul 10, 2019

Lot of insights about custmers and how to play with this information to price according to their willingness to pay

MY

5.0Reviewed Nov 2, 2020

Good course to learn practical skills about estimating customer value, performing market research e.g. conjoint analysis, and formulating pricing strategies.

VT

5.0Reviewed Jul 14, 2019

Full of important pricing concepts which is immediately applicable into practice.

KD

5.0Reviewed Dec 29, 2019

Very good course for neophyte who wants to understand the customer values for pricing

EM

5.0Reviewed Dec 12, 2018

Extremely helpful again. Congratulations for the instructors

FR

5.0Reviewed May 20, 2019

Excellent course. I would recommend to improve the level of the exercises and provide additional readings for people that already have some experience

SS

5.0Reviewed May 15, 2020

It was a very nice course ..Learn very deep Insights about Customer value in Pricing Strategy.

SS

5.0Reviewed Dec 28, 2020

Excellent course. Good materials and entertaining professors.

HA

5.0Reviewed Feb 8, 2018

Great way to learn conjoint and marketing research fundamentals

All reviews

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