HelpScout reveal utilizing smart pricing strategies when selling your products, services or subscriptions is a crucial element in succeeding within the competitive marketplace. To gain a more clearer perspective of the subject, looking into studies in behavioural economics can help you set your prices accurately. The following methods can help set the correct prices:
- Similarity can cost you sales
- Utilize price anchoring
- Use Webers' law
- Reduce pain points in the sales process
- Try out old classics
- Emphasize time spent vs. saved
- Never compare prices without a reason
- Exploit the power of context
- Test different levels of pricing
- Keep prices simple
Read more at: http://www.helpscout.net/blog/pricing-strategies/
See how Stratinis can endeavour to optimize and manage your prices through our pricing software