{"id":29540,"date":"2022-11-05T03:33:20","date_gmt":"2022-11-05T01:33:20","guid":{"rendered":"https:\/\/www.bestprofitsonline.com\/myblog\/?p=29540"},"modified":"2022-11-05T03:33:22","modified_gmt":"2022-11-05T01:33:22","slug":"the-psychology-of-pricing-5-tips-to-boost-your-sales-infographic","status":"publish","type":"post","link":"https:\/\/www.bestprofitsonline.com\/myblog\/the-psychology-of-pricing-5-tips-to-boost-your-sales-infographic\/","title":{"rendered":"The Psychology of Pricing: 5 Tips to Boost your Sales [Infographic]"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large is-style-default\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/\"><img decoding=\"async\" src=\"https:\/\/blog.red-website-design.co.uk\/wp-content\/uploads\/The-Psychology-of-Pricing-How-to-Boost-Ecommerce-Sales.jpg\" alt=\"The Psychology of Pricing: 5 Tips to Boost your Sales [Infographic] \n\"\/><\/a><figcaption class=\"wp-element-caption\">The Psychology of Pricing: 5 Tips to Boost your Sales [Infographic]<\/figcaption><\/figure>\n\n\n\n<p>Do you know how to increase sales on your website or online store? Do you know how to use psychology to price your products and boost your sales?<br \/>Here are some psychology tips you need to know.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The Psychology of Pricing: 5 Tips to Boost your Sales<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"nv-iframe-embed\"><iframe loading=\"lazy\" title=\"The Psychology of Pricing 5 Tips to Boost your Sales#shorts\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/vXubn3HgKMc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p>Cut the clutter<br \/>The left-digit effect<br \/>Keep it low and small<br \/>Encourage value over bargain shopping<br \/>Deploy the decoy effect<\/p>\n\n\n\n<p>Psychological Pricing &#8211; Explanation<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/11\/business-meeting-with-cup-coffee_1098-3581.jpg\" alt=\"The Psychology of Pricing: 5 Tips to Boost your Sales \n\" class=\"wp-image-29541\" width=\"558\" height=\"389\"\/><\/a><\/figure>\n\n\n\n<p>Psychological pricing (also price ending, charm pricing) is a pricing and marketing strategy based on the theory that certain prices have a psychological impact. <\/p>\n\n\n\n<p>In this pricing method, retail prices are often expressed as just-below numbers: numbers that are just a little less than a round number, $19.99 or $10.99, etc.<\/p>\n\n\n\n<p>There is evidence that consumers tend to perceive just-below prices as being lower than they are.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/11\/portrait-happy-woman-dressed-tank-top-holding-laptop_171337-59.jpg\" alt=\"The Psychology of Pricing: 5 Tips to Boost your Sales \n\" class=\"wp-image-29542\" width=\"536\" height=\"357\"\/><\/a><\/figure>\n\n\n\n<p>Prices such as $1.99 may be associated with spending $1 rather than $2. The theory that drives this is that pricing practices such as this cause greater demand than if consumers were perfectly rational.<\/p>\n\n\n\n<p>The researchers found that when pairing nine-ending prices with positive messages, advertisements were much more positively received by consumers.<\/p>\n\n\n\n<p>This tip increased their likelihood of making a purchase decision.<\/p>\n\n\n\n<p>More info &#8211; <a href=\"https:\/\/en.wikipedia.org\" target=\"_blank\" rel=\"noopener\" title=\"\">https:\/\/en.wikipedia.org<\/a><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Pro-Tip<\/h1>\n\n\n\n<p>How To Improve Your Social Media Marketing and SEO Strategy  <\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized is-style-default\"><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/insta\/\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.bestprofitsonline.com\/myblog\/wp-content\/uploads\/2022\/11\/tumblr_pmf2btCOgy1v52b7zo1_500.jpg\" alt=\"Social Media Marketing and SEO Strategy\n\n\" class=\"wp-image-29543\" width=\"599\" height=\"454\"\/><\/a><figcaption class=\"wp-element-caption\">Social Media Marketing and SEO Strategy<\/figcaption><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/insta\/\">https:\/\/www.bestprofitsonline.com\/myblog\/insta\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you know how to increase sales on your website or online store? Do you know how to use psychology to price your products and boost your sales?Here are some psychology tips you need to know. The Psychology of Pricing: 5 Tips to Boost your Sales Cut the clutterThe left-digit effectKeep it low and smallEncourage&hellip;&nbsp;<a href=\"https:\/\/www.bestprofitsonline.com\/myblog\/the-psychology-of-pricing-5-tips-to-boost-your-sales-infographic\/\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">The Psychology of Pricing: 5 Tips to Boost your Sales [Infographic]<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[519,2928,1630,23,2929,2072,3449],"tags":[414,10,3540,558,176,125,48],"class_list":["post-29540","post","type-post","status-publish","format-standard","hentry","category-business","category-ecommerce","category-infographic","category-marketing","category-startups","category-video","category-work-from-home","tag-boost","tag-business","tag-howto","tag-psychology","tag-sales","tag-success","tag-tips"],"_links":{"self":[{"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/posts\/29540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/comments?post=29540"}],"version-history":[{"count":0,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/posts\/29540\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/media?parent=29540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/categories?post=29540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bestprofitsonline.com\/myblog\/wp-json\/wp\/v2\/tags?post=29540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}