Have you ever wondered if its better to give a discount based on the dollar-amount off the usual price (e.g., $50 off), or a percentage off (e.g., 30% off)? Which gets a better response? I wish I could give you a cut-and-dried answer to this, but this is really a question of psychology, isn’t it? […]
direct-mail, direct-mail-marketing, sales, testing
The whole field of marketing is strongly based in psychology. And this is absolutely true when it comes to pricing strategy. We’re all familiar with price tags that read $9.99 or $19.99. Do these really move more product than tags reading $10 or $20? What about adding the decimal and zeros: $10.00 and $20.00? Does […]
direct-mail, direct-mail-marketing, pricing, profit, testing