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HOW BRANDS PRICE WITH PSYCHOLOGY!

Hello my friends,

Hope you are safe and well during this difficult time. 

Have you ever wondered why brands price their items the way they do? I wanted to share with you some important tips i’ve learned along the way of starting my new venture. These tips have been so helpful in helping understand why companies price items the way that they do. Some of these may be surprising to you, they were for me!

Watch this weeks video to find out the tactics brands use to price their items get you to buy more!

CUT THE CLUTTER
Keeping it simple is usually the way to go. Ditch the decimals and the dollar sign and you’ll be surprised to know that people will actually pay more!

THE LEFT DIGIT EFFECT
Are one of those people that see $2.99 vs $3.00 and instantly inclined to buy the item? You’re not alone! This is a super common tactic used by brands.

Head on over to this weeks video to find out the last tip and to find out what I’ve been busy working on for the last little while!

Stay safe my friends, we’re all in this together.

Rachel

 

Check out last weeks blog to find out the important tip you HAVE to know if you have a side hustle, or are starting one!