When demand’s all over the place, the trick is keeping pricing agile to ride out the ups and downs. Dynamic pricing works wonders—adjust prices in real-time. If demand is high, bump up the price slightly; if it dips, drop it a bit to attract buyers. Predictive analytics is a must, too—analyze past sales and seasonality to anticipate peaks and valleys, so you can adjust proactively. When things get slow, try flash sales or limited-time offers—keeps customers interested without long-term cuts. Bundling’s also a great move: combine high-demand items with slower sellers to balance revenue. It’s all about balancing the flexibility to meet changing demand with profitability.

Having a strong grip on forecasting of demand and supply goes a long way in ensuring predictability in the business . However that way not always be the case and as PMMs we need adjust our pricing strategy accordingly : Agile : Introducing an Agile First mindset to be able to rapidly respond to change(traditional waterfall techniques will fail big time) Adaptability : Changing market dynamics demand having a relook at pricing efforts and its effectiveness Dynamic Pricing : If at all possible and supported by IT Infrastructure , dynamic pricing as an option can be explored(doesn't work too well in Enterprise Sales) Applicability :Trade marketing efforts should be able to cater to a broad range of market scenarios through promotions

To adapt your pricing strategy in response to unpredictable product demand, consider implementing dynamic pricing, where prices adjust based on real-time demand fluctuations. Analyze data trends to identify patterns and anticipate demand shifts, allowing you to make informed pricing decisions. Offer promotions or discounts during low-demand periods to boost sales, while capitalizing on peak demand with premium pricing. Additionally, maintain flexibility in your pricing model, regularly reviewing and adjusting it to stay competitive and aligned with market conditions.

When demand is all over the place, you’ve got to stay flexible with pricing. Keep an eye on trends and adjust prices based on what’s happening—maybe offer discounts when demand is low or raise prices when it’s hot. You can also test different price points to see what clicks with customers. The key is being quick to react and finding that sweet spot where both you and your customers are happy.

To handle unpredictable demand, I will use a flexible pricing strategy that adapts to market changes. When demand is high, I will adjust the prices slightly to maximize profits, while still staying competitive. If demand drops or inventory piles up, I will launch short-term discounts or promotions to attract the consumers and clear the stock. I will also create special prices for different groups, like loyalty discounts for regular buyers or introductory offers for new ones. By watching market trends closely, I can adjust prices in advance. This way, we stay profitable and ready for any demand changes.