Pricing psychology: How to win more sales
It’s strange to think, but psychology underpins everything we do as buyers and sellers.
Customer behaviour is an important part of marketing, given that trends change so quickly nowadays – especially on the digital shelf – and must be monitored closely for the best results.
Pricing and customer behaviour have a significant relationship in any business. By pricing your products in a certain way, you send messages to the wider market about your brand and who you want shopping at your store – be it a brick and mortar establishment or an ecommerce hub.
Luckily, pricing psychology is here to help you avoid some of the biggest pitfalls on your journey!
In this article, we explore the fundamentals of pricing psychology and show you how it can help grow your business.