Get unstuck — and leap ahead with fresh, action-oriented insights in one inspiring minute a day! I'm an author, seasoned entrepreneur and sought-after marketing expert, sharing ideas and free advice for creating and marketing stuff people really NEED. Every punchy post brightens your inbox with a thought-provoking cartoon illustration. Author of “I Need That” and host of the Product: Knowledge podcast.
Share
Delay the Price Reveal … IF You’re Premium
Published 1 day ago • 1 min read
If buyers expect your product to be expensive, making them wait for the price can make them want it more. New research in the Journal of Consumer Research shows that when shoppers anticipate a premium product, delaying price disclosure boosts sales. The wait nudges their internal reference price upward, so the final number feels more justified. But if buyers expect “cheap,” hiding your price backfires. They assume it must be too high, and bounce. So how do YOU use this? For premium or novel...
Subscribe to keep reading
This post is free to read but only available to subscribers.