
Pricing Innovation Specialist
7 days ago
AI71 is seeking a Pricing Innovation Specialist to join our team.
This individual will be responsible for developing and implementing innovative pricing strategies that drive revenue growth and maximize market share.
Pricing Strategy Development:
- Innovative Pricing Strategies: Develop and implement pricing strategies that align with our product portfolio, market positioning, and revenue goals.
- Market Research: Conduct in-depth market research to understand competitor pricing, customer willingness to pay, and market trends for similar products.
- Cross-Functional Collaboration: Collaborate with product management, sales, and marketing teams to ensure pricing aligns with product features, value propositions, and go-to-market strategies.
- Price Point Optimization: Analyze product performance data, customer feedback, and sales metrics to inform pricing decisions and optimize price points.
- New Product Launches: Lead pricing for new product launches, working with cross-functional teams to determine optimal introductory pricing and promotional strategies.
- Pricing Model Development: Develop and maintain pricing models for different product tiers, bundles, and subscription plans (if applicable).
- Pricing Impact Assessment: Monitor and forecast the impact of pricing changes on product demand, revenue, and profitability.
- Price Testing: Implement and manage price testing initiatives to validate pricing hypotheses and improve pricing strategies.
- Industry Trends: Stay informed about industry pricing trends and best practices in product pricing methodologies.
Requirements and Skills:
- Education: Bachelor's degree in business, economics, marketing, or a related field.
- Experience: 10+ years of experience in product pricing, product management, or related roles, preferably in a similar industry.
- Skills: Strong analytical skills with proficiency in data analysis tools (e.g., Excel, Tableau). Experience with pricing software and product analytics tools.
- Communication: Excellent communication skills with the ability to present complex pricing strategies to stakeholders.
- Results-Oriented: Proven track record of successfully implementing pricing strategies that drive revenue and profitability.
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