Pricing Strategy, Budgeting & Forecasting For Dietary Supplement Brands

Knowing how to price correctly is one of the most important things of your business. Knowing how to price your offers so that you can distinguish between loss leaders for brand awareness and actuallyy turning a profit via upselling and cross promoting is a science in itself. 

Pricing your supplements and marketing offers involves certain key factors, including pinpointing your target customer, tracking how much competitors are charging, and understanding the relationship between quality and price. Centis Digital can help you price correctly and by creating different offers and split testing scenarios can accurately predict profitability.

Meet Your Business Goals

Don't fall for the biggest mistake that many nutraceuticals make, by believing that price alone will drives sales. It is your marketing that will drive sales and that means adopting the right sales strategy. We help you understand, visualise and define your business goals that will dictate your pricing and offers, clearly and correctly.

Competitive Intelligence

At Centis Digital we will prepare a comparison of the price of your supplements to your competitor's products, keeping track of outside factors that will impact the demand for your product in the future. 

 

Not Sure How To Price Your Offers?

No matter what supplements you sell, you must be confident the price you charge for it accurately reflects the value, utility, and benefits provided to your customers.

One size does not fit all. You can only go so far pricing all your products based on a fixed markup from cost.  Your product price should vary depending on a number of factors including:

  • What the market is willing to pay.
  • How your company and product are perceived in the market.
  • What your competitors charge.
  • Whether the product is "highly visible" and frequently shopped and compared.
  • The estimated volume of product you can sell.

Centis Digital can help you price your offers and products correctly, without losses.

In addition, we help you budget and forecast your profitability for up to five years.

The foundation of a successful Marketing Strategy requires in-depth evaluation of prices, your offers and your forecasting. Each of our services can be used separately depending on your needs and targets.

Do You Struggle Coming Up With The Right Budget?

What Is Budget Anyway?

Quite simply, budgeting is about creating a plan to predict your short term (one year) profitability goals. In other words, to manage your money effectively. 

If you don't have enough capital to do what is required to run your nutraceuticals business effectively, then you can use this planning process to prioritize your spending and focus your money on the things that are most important to you.

Why is Budgeting so Important For Your Nutraceuticals Business?

Well, to put it simply, since budgeting gives you the insights to create a spending plan for your business, it ensures that you will always have enough funds to run it efficiently.

At Centis Digital, we know how important budgeting is for your business. We also know that the majority of our clients are struggling to create efficient budgeting plans, and that's why we are introducing this service. Book a free, 30 minute consultation with one of our strategist and take your budget and profits to the next level.

Can You Predict The Future?

People say that you can't. We are here to tell you that you can predict what's coming to you with 80% accuracy.

How? By Forecasting revenues, market volatility, demand, the trends of the industry, and a variety of other factors. That's why our Forecasting service is a must for nutraceuticals business owners who run vitamin and supplement brands - because we can predict how the next five years will actually work out for you.

Book now a FREE, 30 minute Strategy Analysis and see with your own eyes, what we can do for your nutraceuticals business.