Skip to main content
TrustRadius
PriceBeam

PriceBeam

Overview

What is PriceBeam?

PriceBeam's cloud-based solution aims to give users scientific and precise insights into what the prices of their products should be. PriceBeam brings value to:- Optimizing existing prices vs competition- Setting prices for new products- Setting prices in new markets- Understanding…

Read more
Recent Reviews
TrustRadius

Leaving a review helps other professionals like you evaluate Pricing Optimization Software

Be the first one in your network to review PriceBeam, and make your voice heard!

Return to navigation

Pricing

View all pricing
N/A
Unavailable

What is PriceBeam?

PriceBeam's cloud-based solution aims to give users scientific and precise insights into what the prices of their products should be. PriceBeam brings value to: - Optimizing existing prices vs competition - Setting prices for new…

Entry-level set up fee?

  • No setup fee

Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

Would you like us to let the vendor know that you want pricing?

Alternatives Pricing

What is Priceva?

Priceva is a price monitoring service that allows users to track prices, availability, and discounts of products on various websites and marketplaces. The platform also collects additional data, such as promotions, product stock, and shipping costs, and provides unit and packaging conversions. With…

What is PROS Smart Price Optimization and Management?

PROS Smart Price Optimization and Management is a software solution designed to deliver instant, personalized prices, tailored for every unique buying and selling interaction and coordinated with all your go-to-market channels.

Return to navigation

Product Details

What is PriceBeam?

PriceBeam's cloud-based solution aims to give users scientific and precise insights into what the prices of their products should be.

PriceBeam brings value to:
- Optimizing existing prices vs competition
- Setting prices for new products
- Setting prices in new markets
- Understanding and fine-tuning value communication: what features customers value and what they are not willing to pay for.
- Brand health
- Assortment optimization and SKU rationalization


Willingness-to-Pay Research
PriceBeam's Willingness-to-pay research is a service that helps users find out what their customers really are willing to pay for a product or service in a given market. PriceBeam's Willingness-to-Pay Research identifies the optimal price point, based on science-backed market research. One of the key outputs might be showing the market's expected response on both quantity and revenue. The optimal price points are where the curves peak.

The solution also helps to solve different pricing challenges:
  • Setting the right price, instead of using guesswork.
  • Implementing price increases more effectively.
  • Setting prices for new products
  • Optimizing prices across customer segments.

Value Attributes Research
This research shows how customers in a given market are valuing product/service features. It helps users to calculate what the total willingness-to-pay is for new combinations of features yet to be launched. PriceBeam's Value Attributes Research presents customers with a series of choices. Using choice-based conjoint analysis, we are able to determine the value customers put behind each tested feature.

PriceBeam's Value Attributes methodology allows users to test new product concepts, and assesss how much customers are will to pay for each feature. Ultimately it helps to make solid product and price decisions, using a conjoint-analysis-based research.


Menu-Based Conjoint Analysis
Menu-Based Conjoint (MBC) Analysis, or sometimes Menu-Based Choice Modelling, is a type of conjoint analysis designed for companies that sell products or services where customers choose from a menu. It can be a literal menu, like in restaurants, or a figurative menu like most products with a build-it-yourself approach, e.g. hotels, travel, phone plans, car configurations, event plans, and membership options. PriceBeam's Menu-Based Conjoint Analysis allows the user to analyze how individual menu items react to price changes, both on the item itself and on other menu utems. This is ideal for pricing restaurant menus, hotel packages, travel plans, software bundles, membership plans, phone packages, and any other type of business where the customer "builds" the product by choosing from different options.

Assortment Optimization Lab
PriceBeam's willingness-to-pay research also can reveal how customers see the individual items in the assortment, and how they would choose between them.
  • Test willingness-to-pay a premium for brand extensions.
  • Determine the ideal number of items in the assortment
  • Test price anchoring effects
  • Understand willingness-to-pay segments/groups.

Promotion & Discount Optimization
PriceBeam's Promotion Lab identifies customers' reactions to different promotional options, with or without discounts. Run analyses by customer segment and identify what customer segments react favourably to what promotional mechanisms. Use this to specifically target those segments, and improve the overall revenue.


PriceBeam Video

How PriceBeam works - Pricing Right Made Easy

PriceBeam Technical Details

Operating SystemsUnspecified
Mobile ApplicationNo
Return to navigation

Comparisons

View all alternatives
Return to navigation

Reviews

Sorry, no reviews are available for this product yet

Return to navigation