Let's discuss purchase experience when drawn into a store due to a sale.
What are the implications of this chart and what should it tell stores about the sales they advertise? What does it tell us about why stores advertise sales where they reduce margins or even lose money on the item they put on sale?


Let's discuss pricing a little further. When you set the pricing for a product, you must consider:
Does the customer perceive the value?

Does the customer trust the seller?

Did they Inflate the MSRP?
Did they Raise price prior to sale?
Must seek to reassure the customer that the price discount is real - Here are some techniques:

Stress the impact of the price
If price is high focus on the dollar amount they save
(e.g. $100 off a $600 item – don’t mention = 16% discount)
If price is low focus on the % discount
(e.g. $1 off a $3 item.= 33% discount – Don’t mention its $1 off)
If price is low focus and dollar amount relatively significant mention both.
(e.g. $10 off a $30 item – mention both dollar savings and percent savings.)
Use declarative wording to reinforce the value
Now only, Compare at, Special, Buy one get one free
What techniques have you seen besides these?

How have you seen these techniques work on other people?

Answer rating: 100% (QA)

In the above bar chart it shows that the clients buy the promoted great including the other non publ... View the full answer