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Product Bundle Pricing Simplified
Product Bundle Pricing Simplified
CADAR
CORDERO
GAYETA
product bundle pricing
is a pricing strategy
used in marketing in
which the company or
Definition
seller combines several
products or services
and then sell it at a
single price.
advantages Allows companies to sell
their lesser known
products with popular
ones
Attracts different kinds
of buyers
Some consumers will be
spending more than they
initially wanted
Lower marketing cost
Can lead to the
cannibalization
products
of disadvantages
Lower profit for a
particular product
Company will have to
give discounts for the
bundled product
A customer can view
bundled products as
inferior products
Can lead to the
cannibalization
products
of disadvantages
Lower profit for a
examples
particular product
Company will have to
give discounts for the
bundled product
A customer can view
bundled products as
inferior products
Beauty
products
Video
games
conclusion
Bundle pricing is an extremely beneficial way of selling products for both
customers and retailers.
To succeed in bundle pricing, retailers need to receive new and accurate data
about their target audience and market
However, businesses need to be careful when selling in bundles,
References
https://smallbusiness.chron.com/bundle pricing strategy 67049.html
https://www.letslearnfinance.com/advantages and disadvantages of
price bundling.html
https://www.price2spy.com/blog/the advantages and disadvantages of
bundle pricing strategy/
https://www.stitchlabs.com/blog/benefits of bundling during the
holidays/
https://competera.net/resources/articles/bundle pricing strategy