Categories
Show

MBA1909 How to Implement Price Anchoring in Your Business

What’s price anchoring? 

We’re so glad you asked.

You’re probably doing it already — but maybe not as effectively as you could be. It’s an old-school sales move that can work for any business. It uses basic psychology to make the best case for buying your product or service. 

And best of all, it’s pretty easy to do!

By creating the right mental context for a purchase, you help potential customers make the right choice. It’s the basis of every sale, discount, and tiered pricing structure in the world. By understanding price anchoring more thoroughly, you can execute it more effectively.

Tune in, and learn how to make price anchoring work for your business. Then, watch the sales roll in. Click Play!

SUBSCRIBE ON APPLE PODCASTS

Stitcher | Spotify Podcast Feed How To Subscribe

Give us a Rating & Review

Today’s Sponsors

Avast

Avast has been a global leader in cybersecurity for more than 30 years, trusted by over 435 million users. Their new all-in-one solution, Avast One, offers a wide range of features: security solutions to stop malware, phishing and virus attacks; privacy features that keep your identity and actions hidden, and performance products to clean up (and speed up) your devices. A free version of Avast One even includes award-winning free AV, free VPN, free firewall, and more. Learn more at avast.com.

American Express

Future proofing your business has never been more important. That’s why the AmEx corporate program is here to give you the customized support and solutions to thrive. Empower your workforce with a suite of solutions designed to tackle your changing needs today, and help fortify your business tomorrow. With powerful backing and trusted customer service, the AmEx corporate program is here to help drive your business forward. Learn more at americanexpress.com/corporate.