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Learn top pricing tips from 10 experts on setting precise prices, using scarcity to boost sales, leveraging discounts, and optimizing pricing promotions with effective persuasion techniques.
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Quick takeaways
- Break down price into smaller increments for perception of affordability.
- Use charm pricing with 99 endings and limit product choices to boost sales.
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Tips for Setting Your Price
When setting your price, consider breaking it down into smaller increments like per day pricing to increase customer perception of affordability. Additionally, opt for specific precise pricing rather than rounded numbers, as research has shown that precise amounts increase purchase likelihood. Furthermore, consider using charm pricing with 99 or 9 endings to boost sales without affecting perceived quality.
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode