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You can! This book will show you how! I always plan on getting home at a reasonable hour a...
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Why? Certainly not because of the single penny saved! There is a learned-pattern response in our brains that makes us see $9.99 as much lower than $10.
You probably know this psychological quirk Which of these two prices will get more buyers? $9.99 $10 Yes, the $9.99 price will be the winner (except for one particular category of products - as you'll learn in PRICING PSYCHOLOGY REPORT).
What should have happened? A common rule of thumb in marketing says raising prices by 10% will decrease orders by 10%.
Why? Will this work for you? PRICING PSYCHOLOGY REPORT explains WHY higher prices can sometimes attract MORE buyers, and what market conditions make it more likely to happen.
Here's an example: Which of these prices will pull up to 10% MORE ORDERS? $9.90 $9.91 $9.92 $9.93 $9.94 $9.95 $9.96 $9.97 $9.98 $9.99 Yes, one of the above prices has been tested in millions of direct mailings and found to get up to 10% more orders than the other price....
Instead, my orders went up by 11%! At a 31% higher price! If you do the math, that means I got to pocket 45% MORE CASH for the very same product.
Armed with this knowledge, you can figure out how to make it work for YOUR products and/or services.
The $9.99 price will probably pull 10-20% more buyers than the $10 price.
A few months later, I tested that price vs.
You probably do NOT know about magic numbers There are many more such psychological quirks - or emotional reactions to numbers - in human brains.
Many of these factors are under your direct control.
Quirks a pricing-strategies-savvy marketer must understand in order to generate as many sales as possible.
one well over $100 - a 31% price increase.
Thus I should have received 31% LESS orders.
And it persists - even though most of us know this trick.