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Contenuto fornito da Emily Binder. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Emily Binder o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.
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Charm Pricing: Why Over 60% of Prices End in the Number 9

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Manage episode 357297696 series 2534823
Contenuto fornito da Emily Binder. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Emily Binder o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

The alluring thing about 99-cent pricing (known as charm pricing) is that it feels like a sale price. It's a game stores have played with us for decades. Learn about charm pricing, the anchor effect of a price ending in 9 or 99, and whether it's right for your product or service.


Topics:

  • Charm pricing: higher prices ending in a "9" will actually outperform lower prices – on the very same product (typically)
  • Vanity pricing for considered purchases (HNW or luxury goods)
  • 5s are not good. $5000 is especially bad. #anecdotal
  • How to know if your brand aligns with charm pricing or vanity pricing
  • Historic marketing inspiration story: the successful marketing strategy that launched the Chicago Daily News for 1 cent in 1875 even though there weren't enough pennies in circulation

ThinkersOne videos:

Buy a personalized video greeting for your team or a Zoom drop-in or keynote on ThinkersOne:

https://thinkersone.com/collections/featured-though-leaders/products/emily-binder?variant=41990647480488


Rate / review / subscribe to this show as a podcast or Alexa Flash Briefing: emilybinder.com/podcast


Follow me/connect:

My website | LinkedIn | Twitter | Instagram | TikTok | YouTube | Get email updates


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

736 episodi

Artwork
iconCondividi
 
Manage episode 357297696 series 2534823
Contenuto fornito da Emily Binder. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Emily Binder o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

The alluring thing about 99-cent pricing (known as charm pricing) is that it feels like a sale price. It's a game stores have played with us for decades. Learn about charm pricing, the anchor effect of a price ending in 9 or 99, and whether it's right for your product or service.


Topics:

  • Charm pricing: higher prices ending in a "9" will actually outperform lower prices – on the very same product (typically)
  • Vanity pricing for considered purchases (HNW or luxury goods)
  • 5s are not good. $5000 is especially bad. #anecdotal
  • How to know if your brand aligns with charm pricing or vanity pricing
  • Historic marketing inspiration story: the successful marketing strategy that launched the Chicago Daily News for 1 cent in 1875 even though there weren't enough pennies in circulation

ThinkersOne videos:

Buy a personalized video greeting for your team or a Zoom drop-in or keynote on ThinkersOne:

https://thinkersone.com/collections/featured-though-leaders/products/emily-binder?variant=41990647480488


Rate / review / subscribe to this show as a podcast or Alexa Flash Briefing: emilybinder.com/podcast


Follow me/connect:

My website | LinkedIn | Twitter | Instagram | TikTok | YouTube | Get email updates


Hosted on Acast. See acast.com/privacy for more information.

  continue reading

736 episodi

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