Pricing Experiments You Might Not Know, But Can Learn From

Lots of entrepreneurs struggle with pricing. How much to charge? It’s clear that the right price can make all the difference – too low and you miss out on profit; too high and you miss out on sales. Don’t ask, can’t tell Asking people what they’d pay for and how much rarely works. [Tweet It!] For one thing people will tell you what they WANT to pay—which is obviously much less than what your product or service is actually WORTH. When it comes to money, people are unable to predict accurately whether they’d pay or not. Also it’s worth remembering that people really don’t know how much things are worth, what’s a fair price (which is the reason TV-shows like “The Price is Right” can actually exist). William Poundstone, the author Priceless: The Myth of Fair Value says this: “People tend to be clueless about prices. People are weird and irrational, and there’s much we don’t understand. Why does removing dollar signs from prices (24 instead of $24) increase sales? The Economist and decoy pricing

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20 Thoughts That Will Lead You To Great Success | Lifehack It’s never too late to get started on a successful life, and I’ve listed 20 thoughts that will help you achieve great success today. Take a moment and internalize these thoughts, and you’ll be on your way to a better tomorrow. 1. Dale Carnegie once stated, “It isn’t what you have or who you are or where you are or what you are doing that makes you happy or unhappy. 2. Doing what you like will help you find purpose and fulfillment in your life. 3. In a world of advertisements, promising opportunities, and addicting apps, distraction is only a click away. 4. Being in the right place at the right time isn’t always a coincidence; the harder you work, the more likely it will be that you’ll end up in “the right place.” 5. John Maxwell, author of countless NYT bestsellers, recently wrote a book called Everyone Communicates, Few Connect. 6. Even the most successful people have bad days, but ONLY successful people bounce back. 7. Copycatting isn’t the only form of imitation. 8. 9. 10. 11. 12.