October 13, 2024
What is Tiered Pricing? Definition, Models, and Benefits Explained
Tiered pricing is a versatile pricing strategy where companies offer products or services at multiple price levels, each tier providing unique features, benefits, or discounts. This approach allows businesses to address a broad range of customer needs and budgets, from cost-effective solutions to premium offerings. Here, we’ll explore the components of tiered pricing, its models, advantages, and best practices, and explain how Nami ML’s revenue management software can help optimize its impact.