Writing a college-level essay can seem daunting, especially if you are still in high school or if you have not had much experience with academic writing. However, with some preparation and practice, you can learn to write effective college-level essays that showcase your knowledge and critical thinking skills.
Here are some steps you can follow to write a college-level essay:
Choose a topic: Start by selecting a topic that is interesting and relevant to you. It could be a subject you have studied in class, a current event, or a personal experience. Make sure to choose a topic that is specific enough to allow you to focus your essay and provide ample evidence to support your argument.
Research and gather evidence: Once you have a topic, do some research to gather information and evidence to support your argument. Look for credible sources such as academic articles, books, and websites. Take detailed notes as you research to help you organize your ideas and keep track of your sources.
Create an outline: An outline is a helpful tool that allows you to organize your thoughts and structure your essay. Start by writing a thesis statement that clearly states the main idea or argument of your essay. Then, brainstorm ideas for supporting points and organize them into a logical order.
Write the introduction: The introduction should introduce the topic and provide background information to set the context for your essay. It should also include your thesis statement and a preview of the main points you will discuss in the body of your essay.
Write the body paragraphs: The body of your essay should consist of several paragraphs that develop and support your thesis. Each paragraph should have a clear topic sentence that introduces the main idea of the paragraph, followed by supporting sentences that provide evidence and examples to support your argument. Make sure to properly cite your sources to avoid plagiarism.
Write the conclusion: The conclusion should summarize the main points of your essay and restate your thesis. It should also provide some final thoughts or implications of your argument. Avoid introducing new information in the conclusion.
Edit and revise: After you have written a draft of your essay, set it aside for a while and then come back to it with fresh eyes. Look for areas where you can improve the organization, clarity, and coherence of your essay. Make sure to proofread for grammar and spelling errors.
By following these steps, you can write a college-level essay that demonstrates your knowledge and critical thinking skills. Remember to give yourself enough time to research, plan, and revise your essay, and seek feedback from your peers or a tutor if needed. With practice and persistence, you can become an effective and confident writer.
Skimming, Market Pricing, and Penetration Pricing Strategy Explained
The goal of penetration pricing is to disrupt existing businesses by luring customers away with a much lower price. But, understanding how features translate into a benefit, may be a whole different story. Tell us a little about your business. Please use a different email address or contact us at 833 200-0213. Fabletics is a subscription service.
Unfortunately, if what you attracted were just bargain hunters, there is a real chance that they will leave after the price rises. Netflix is a perfect example of penetration pricing well executed. Penetration Pricing Examples Netflix Do you grumble a bit every time you receive an email that says your Netflix monthly subscription is going up? In a market where consumer trust and brand loyalty are crucial, many consumers loathe switching brands or trying new products. Penetration pricing strategy risk area 3: operations Yes, a pricing strategy can get you into operational trouble too. Netflix opened up shop in 1997, five full years before Redbox became a threat to Blockbuster. Low prices are the door opener for many new businesses. Penetration Pricing Penetration pricing is a pricing strategy where firms charge less than the competition in order to compete on price.
Penetration pricing strategy: Definition, benefits and examples
Consumers may feel more drawn to buy more content from a company if they are already familiar with it. The price is removed as a barrier to getting people to try the new product or service. Penetration pricing is a vigorous pricing strategy in which a business enters the marketplace offering their product or service at an extremely low price. Once the chips got some traction, the company raised their price to reflect what its competition was charging. What is penetration pricing? Loss leader pricing is a practice where a company sells certain products at a loss with the intention of swaying customers to buy its higher-priced, more profitable offerings.
This pricing strategy offers a new product or service at a lower price. After offering the original product for free at a holiday sales event, executives announce additional paid content and then offer the option to purchase it in the app itself. So, you decide to go with a penetration pricing strategy to enter the market. Essentially, a firm has invested in the development of a new product and by charging a higher price, it can make the money back faster. By then, a DVD subscription service called Netflix was gaining huge swaths of the video rental market.
Market penetration pricing strategy: what is it, advantages, and potential pitfalls
These losses are viewed as a necessary sacrifice to gain market share and entice customers away from competitors. In the end, Blockbuster filed for bankruptcy by 2010 and Netflix has since gone on to become one of the most widely used services in the world. Brands often use this pricing strategy for a product with strong competition or a relatively new idea. There are several examples of penetration pricing. Predatory pricing is where a company radically undercuts its market in order to drive out any competition, giving that company a monopoly. As a result, the company maintains a growing customer base and revenue.
Penetration Pricing Strategy: What Is Penetrative Pricing in Retail?
But people also start to think of you as a discount brand, causing pushback when you try to price your product or service higher. And a penetration price can help us giving them a little push towards trial. If you're interested in leveraging the tactic, make sure you understand how it will affect your business plan before implementing it. If customers could wait a day or two for their DVDs to arrive, they would be able to access a better movie library without paying late fees. As a consumer, you probably have quite a bit of experience with this effect. The former often introduces new or seasonal products at a lower price.
Eventually, a firm may decide to lengthen the lifecycle of the product by reducing the cost with penetration pricing. It will be interesting to see how this changes in the months to come as Disney+ establishes its place in the market and starts raising prices. Do you have existing equipment you want to use? However, it is essential to note that even though low prices attract customers, a great product keeps them coming back, even if the price goes up. This is especially true for a product designed for a mass market. Penetration pricing strategy risk area 2: marketing This is probably where I see the most confusion about penetration pricing strategies. New retailers must craft strategies to attract and retain new customers to break through entry barriers.
So, as seen, using penetration pricing can be a great strategy. Price Skimming As previously discussed, Android uses penetration pricing to win new customers and create loyalty to the brand. After an initial 6- or 12-month introductory offer, customers will see their upgrades disappear and their subscription fees increase. Once that introductory period is over, the prices will gradually — or sometimes very steeply — increase to catch up to the rest of the market. Here are a few excerpts of experts weighing in on how Netflix maintains strong customer loyalty and excels as a market leader. So, what is penetration pricing exactly? It is also important to remember that once the buzz of the new product has worn out, it may be helpful to think about how you can now lower the price point to make the product accessible or desirable to a broader audience of users.
