32 % Margin Increase by Combining the Right Tactics
One of the oldest players in the professional and hobby tool segment has always relied on technical innovations, and launched its first online store in 1998.
“We tested clients’ sensitivity to price. We took a product, set a price for a week, then tried a different price for a week, then a third price. We watched what that did to sales or margins. This was to see at what price levels that product was giving us the biggest absolute margin. This was systematic, but quite expensive to operate and maintain,” says Martin Svoboda, Head of Marketing.
They found a lowcost tool for dynamic pricing. After testing it, Uni-max found out that it’s too simple. In the end, Uni-max got an offer from Disivo to combine price monitoring and dynamic pricing into a single app.