Enforcing Your MAP Policy: A Comprehensive Guide
WHAT IS A MAP POLICY? Let’s start by clarifying what MAP stands for: minimum advertised price. This represents the lowest price at which a product can be publicly displayed by a retailer, without imposing restrictions on the actual selling price. A minimum advertised price, or MAP policy, is a unilateral offering enacted by a manufacturer […]
Implementing a Strong MAP Policy to Safeguard Your Brand’s Image
In today’s volatile eCommerce environment, your brand’s reputation and profits are both on the line. Currently, there’s a growing concern with countless unchecked resellers jeopardizing the integrity of online products. These resellers, by offering prices lower than the agreed-upon map policy, impose a limit on your brand’s sales potential while eroding your profit margins. […]
Leveraging MAP and MRP for Effective Online Retail Price Management
In today’s retail landscape, where online shopping surpasses traditional brick-and-mortar stores, it has become crucial to implement pricing strategies that effectively address the challenges posed by online distribution channels. Online resellers, with their low overhead and enticing price discounts on flagship and value items, have significantly impacted the market by driving volume to their online […]
Is a Minimum Advertised Price (MAP) Policy Right for Your Business?
Is a Minimum Advertised Price (MAP) Policy Right for Your Business? It may seem like a complex question, but the truth is, pricing policies are not an ideal solution for every brand. While they are beneficial most of the time, if price is your primary competitive advantage, compelling sellers to increase their advertised […]