How to stop customers from fixating on price Flashcards
1
Q
Strategies
A
- Use price structure to clarify your advantage: the price
should be based on the value that the product delivers to the customer. Customers will recess the performance of the product based on the price. - Wilfully overprice to stimulate curiosity: The customer is motivated to take a closer look at the product and pay attention to see which features justify that price.
- Partition prices to highlight overlook benefits: break a price into its component charges, to highlight dimensions
of differentiation that might otherwise go unnoticed - Equalize price points to crystallize personal relevance: Present the customer several options at the same price, so that they can discover which option best suits their needs.