Smoke Break: Episode 7 - Smart Pricing Makes Sense

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Smoke Break - Store Managers

Mike Hernandez

25 episodes

3 months ago

"Smoke Break" is a weekly micro-podcast that delivers essential management strategies for convenience store managers in just 5-10 minutes. Join host Mike as he shares actionable insights on inventory control, staff management, profitability, and operational excellence. Each episode tackles real-world challenges faced by c-store managers, providing practical solutions you can implement immediately to improve store performance and advance your career. Perfect for busy managers who want to stay ahead in the convenience store industry while maximizing their break time.

All content for Smoke Break - Store Managers is the property of Mike Hernandez and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Smoke Break: Episode 7 - Smart Pricing Makes Sense

Smoke Break - Store Managers

5 minutes

8 months ago

Smoke Break: Episode 7 - Smart Pricing Makes Sense

Smoke Break - Episode 7: Smart Pricing Makes Sense

Episode Duration: 8 minutes

Join host Mike Hernandez as he reveals practical strategies for developing effective pricing that balances profitability with customer satisfaction. Learn how to make informed pricing decisions that drive business success.

Episode Overview

Master essential pricing elements:

Competitive analysis
Cost management
Customer psychology
Market positioning
Seasonal adaptations

Pricing Strategy Development

Learn to implement:

Competitive price monitoring
Cost-based pricing calculations
Value perception management
Premium vs. budget positioning
Seasonal pricing adjustments

Market Analysis Techniques

Develop approaches for:

Competitor research
Customer expectation assessment
Market trend monitoring
Local event impact analysis
Buying pattern recognition

Product Category Management

Master strategies for:

Essential item pricing
Specialty product positioning
Premium product differentiation
Budget option management
Value proposition development

Price Adjustment Protocols

Create systems for:

Strategic markdowns
Seasonal adjustments
Competitive responses
Profit margin maintenance
Value communication

Store Manager Action Item

This week's pricing analysis task:

Research top 5 product prices
Compare with competitors
Analyze cost structures
Evaluate current pricing
Make strategic adjustments

Resources Mentioned

Visit cstorethrive.com for additional pricing strategy resources

Next Episode Preview

Coming up: Making promotions work for your store.

"Smoke Break" delivers weekly insights for convenience store managers in bite-sized, actionable episodes under 10 minutes.

#ConvenienceStore #RetailPricing #StoreManagement #RetailStrategy #BusinessGrowth #RetailSuccess