Last version published: 06/11/2018 16:51
Publication number: ELQ-56576-2
View all versions & Certificate
Pricing Analytics PPT: Find the optimal price of your product
Estimating Demand Curves Without Price Elasticity to determine the optimal price that maximizes your profit margin.
The most common way of constructing demand curves depends on the product’s price elasticity. But what if that input is not available, or the figures cannot be obtained for a given product?
Another way to do this is by making reasonable estimates of the demand for a product at its high, median and low price points, which then allows you to construct an estimate of the demand curve over the range of those given prices.
The following downloadable presentation shows how you can use Excel’s line fitting and solver functionality to construct an estimate of the demand curve, without having to know the price elasticity of the product at hand.
This will allow you to determine the optimal price for the product, which will maximize your profit margin.
The attached PDF Document includes 33 slides which you can use as a support to the YouTube video attached.
-> Best price – price that yields max profits, not necessarily max
-> Excel’s Solver tool can be used to construct useful pricing
Solver tries all reasonable solutions that fit the specified model
-> Chooses optimal solution – values for variable cells that
produce best value for target cell
- Michael Lamont
This business tool includes
1 PDF File + 1 video
Michael Lamont offers you this business tool for free!
read for free
Add to bookmarks
- Finda Davis(last updated: 21/03/2019 17:50)
- Bruno Cavazzuti(last updated: 14/10/2018 21:26)
- Maryyam Khan(last updated: 03/10/2018 11:57)
- Umer Farooq(last updated: 20/09/2018 16:24)
- Tram Dinh(last updated: 29/08/2018 16:57)
- Abdelrahman Zaki(last updated: 01/08/2018 06:13)
- Firas Eideh(last updated: 23/07/2018 14:07)
- Balaknath Datta(last updated: 22/07/2018 08:51)
- MA(last updated: 19/06/2018 08:26)
People using this tool also downloaded
Pricing Your Product: Product Costing Excel TemplateExcel spreadsheet to calculate how much it costs to produce your product.costsdownloadexcelfreemarketing16,737
Balance Sheet Excel TemplateThis is a ready-to-use Balance Sheet Excel Template to use for your business's financials.balance sheetbusinessdownloadexcelfinance26free by Someka
SaaS Metrics Excel TemplateA standard SaaS reporting excel template for entrepreneurs to customize.downloadexcelkpisrecurring revenue modelreporting4,254free by Amit Karp
Investor Pitch Deck for StartupsHere’s the winning formula designed to raise hundreds of millions of dollars.downloadexcelfreefundraising toolinvestor1,402$9.00 by Donna Griffit
Ultimate Startup Cap Table and Return Analysis Excel TemplateSample cap table excel template with exclusive waterfall return analysis.analysiscap tabledownloadexcelfree3,254$9.00 by Alexander Jarvis
Sensitivity & Scenario Analysis Excel TemplateHow to use an excel data table for sensitivity and scenario analysis for you financial model.downloadexcelmodelscenario analysissensitivity analysis5,152free by Michael Shane
Virtual World Freemium Business Model TemplateA business model excel spreadsheet to help companies make business decisions and understand how variables interact.business plandownloadexcelfreefreemium763free by Matthew Warneford
Financial Model for Mobile Payment StartupIncludes assumptions page, income statement, balance sheet, cash flow statement and valuation sheet.balance sheetdownloadexcelfinancefree1,967free by Tayfun Uslu
Financial Report Template: Waterfall ChartTrack your financial performance and forecast more efficientlydownloadexcelfinancialforecastfree472free by Brian Ascher
Simple GANTT Chart Template for Kick-offsThe GANTT chart template used by Paua Ventures to kick off meetings with our new investments.chartdownloadexcelfreegantt927free by Federico Wengi
Discussion feed for Pricing Analytics PPT: Find The Optimal Price Of Your Product
The user community and author are here to help. Go ahead!
- Hey it says Ijust downloaded the file but I dont see it, why is that?1arrow_drop_uparrow_drop_downReply reply
- Hey Lorraine,
Thanks for your message. Sure! So here is the process to access your PDF file:
1/ Go to https://www.eloquens.com/account/products
2/ Then click on the Blue Title
3/ Then click on the big Blue "Download" Button
4/ Go to your "Downloads" folder on your PC/Mac and access the PDF file from here
Hope this helps!
The Eloquens Support Teamarrow_drop_uparrow_drop_downReply reply