Match your competition’s prices.
Offer to match your competition's prices. Bargain shoppers thrive on being able to bring in your competition's ads to have you beat the prices. There are a few things that work to your advantage here:
- Your regular patrons will be less likely to be swayed away from you because of price,
- The hunt for the lowest price is a process that engages the public and draws attention,
- You never have to worry about keeping a tab on the competition's price strategy (but you do have to worry about being able to maintain the same price strategy.)