Remove commas and stops from the price

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monira#$1244
Posts: 226
Joined: Sat Dec 28, 2024 3:41 am

Remove commas and stops from the price

Post by monira#$1244 »

Curiously, displaying prices as $2,999 or $1,859 is considered a weak pricing strategy. This is mainly because our brains are wired to see and recognize certain patterns. Even if the numbers are the same, our subconscious mind reacts differently when we see prices with and without commas. Here's what it looks like. It's called the comma effect , but it applies not only to commas but also to dots (decimal points, stops).
First of all, when we see a price with commas, we think it is a number made up of many parts. This means$2,999can be seen.Two thousand nine hundred and ninety-nine dollars.
And by simply removing the comma, you not only make the number bosnia and herzegovina telegram database a little bit shorter (physically), but you also remove the thought process that makes the price seem lower. In essence, removing the comma makes the price seem lower.


2. Subtract 1 from the leftmost number
If you're selling a product or service for $50, you're making a big mistake. As mentioned earlier, the most well-known psychological pricing strategy is to sell something for something plus 99 cents, making it appear much lower than the next even number, when in reality the retailer only loses 1 cent.
That means lowering the leftmost number of the price to 98 or 99 cents. For example, if you sell a scented specialty shampoo for $30, raising the price back to $29.98 should help you make a few extra sales down the line.
The same thing can be done with every item in your store: take one digit from the left and add 98 or 99 cents to the price.
Oh yeah, it's also 95 cents if you prefer.


3. FLASH DEAL! GONE FAST! Get it now! Available for a limited time only
How many times have you been drawn to this phrase or pop-up in any physical or e-commerce store? Chances are, many of you know what the person who came up with this concept is doing.
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