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 Best Practice includes
1 PDF File + 1 video
Michael Lamont offers you this Best Practice for free!
read for free
Add to bookmarks
- Rate this PDF File Format
Write a review
- Trinh Đoàn(last updated: 25/03/2020 03:38)
- Mitchell Posner558(last updated: 20/05/2019 11:53)
- 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 Best Practice also downloaded
Pricing Your Product: Product Costing Excel TemplateExcel spreadsheet to calculate how much it costs to produce your product.productmarketingpricingcoststemplate46,957add_shopping_cart
Total Debt/Loan Composition Analysis Excel ToolHighly versatile Excel tool for analysing composition of debt facilities & finacial impact of changes to facilitiesanalysisfinancialprojectiondebtexcel402add_shopping_cart
Debt/Loan Refinancing Analysis Excel ToolUser-friendly Excel tool to calculate financial impacts of refinancing a portfolio of debt/loan facilitiesfinancialtoolmodeldebtexcel1,156add_shopping_cart
Investor Pitch Deck for StartupsHere’s the winning formula designed to raise hundreds of millions of dollars.investorstartupexcelfreedownload2,021add_shopping_cart$9.00by Donna Griffit
SaaS Metrics Excel TemplateA standard SaaS reporting excel template for entrepreneurs to customize.startupsaaskpistemplateexcel7,147add_shopping_cartfreeby Amit Karp
Beta Calculator Excel ModelUser-friendly Excel tool to calculate the beta for up to 3 shares using monthly pricing data for past 5 yearsinvestmentstoolriskfinancebeta376add_shopping_cartfreeby Projectify
Sensitivity & Scenario Analysis Excel TemplateHow to use an excel data table for sensitivity and scenario analysis for you financial model.modelsensitivity analysistemplateexceldownload10,784add_shopping_cart
Cash Sweep Concepts Excel TemplateUnderstand the four concepts of cash sweeping.financemodeltemplateexceldownload2,216add_shopping_cart
Cash Flow Statement Excel TemplateThis is a highly professional, ready-to-use Cash Flow Statement template for analyzing your company's financials.businessfinancecashcash flow statementexcel954add_shopping_cartfreeby Someka
How to Create a Real Estate Marketing Report with Sample TemplateMeasure the following 8 metrics to track the success of your marketing performance and learn to build a marketing reportsalesreportmarketingkpismetrics3,465add_shopping_cartfreeby Bob Samii
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