It's a brain trick. And Retailers have been doing it for years.
If you pay $10.00 wholesale, the typical retail price is between $20.00 and $30.00.
But instead of using those nice round numbers, studies show that you will sell more at $19.95 than $20.00.
Here's the science behind the Pricing. (Click here)
If it works for them, why not the rest of us?
Thursday, April 17, 2008
The Science of Pricing
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