What pricing strategy should I use when launching products in new export markets?
Members recommend setting your ex works export list price within 15% variance of your UK bonded pricing, with any additional deals or A&P (advertising and promotion) support layered on top. Before finalizing pricing, ask your importer for the pricing of competitor brands in that territory—this gives you a realistic benchmark for where you need to be positioned competitively. Your final price should also reflect how aggressively you want to pursue volume in that market; higher volumes may justify lower margins. Members also highlight the importance of understanding the full value chain for each territory, as this can significantly impact optimal pricing structure.
Was this helpful?
This answer was distilled from the Kindred Collective community.
Got a question of your own?
Join the Collective to ask the community directly and unlock the full directory.
Join Kindred Collective