We as humans have distinct patterns in how we react to pricing. This knowledge can help us small business owners price our products and services accordingly. The rule of thumb: price your products just below one of the common Mental Price Barriers.
What are Mental Price Barriers? Read on to find out just what they are and how to maximize your profits using this knowledge.
The article also includes information on how to calculate conversion rates which is valuable data to track in order to plan your marketing strategies.
‘Daily Blog Tips’ is one of the most popular marketing blogs in the world. I hope you find this resource from their blog to be a valuable tool in your business!