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.
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Why Precision Still Matters With Fixed Prices
Published 5 days ago • 1 min read
Reader Lara in Orlando asked: “If rounded offers invite haggling, what about products with fixed prices, like retail or D2C?” Great question. I wrote about how Columbia University research showed that precise opening offers (like $5,015 instead of $5,000) make people see the seller as informed and deliberate. Buyers assume there’s less wiggle room because the number feels like the result of calculation. In D2C or retail, where prices are fixed, the same psychology still applies. Just earlier....
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