"Not Just About Numbers, Apparently This is the Reason Sellers Often Give Incomplete Prices Rp999"
Often we find sellers setting prices with the number 9.
Often we find sellers setting prices with the number 9.
Dream - The price listed in a product is often ended with the number 9. For example, Rp399,999 or Rp49,000 and so on. The inclusion of these non-rounded prices actually has a reason.
The following is the translation of the 'Bahasa' text to 'English' while preserving any html tags: "Prices ending in the number 9, which are often found in retail products, food, electronics, clothing, and others. This method is one of the sales strategies to increase sales by influencing consumers."
he translation of the given text from 'Bahasa' to 'English' while preserving any HTML tags is as follows: The increase in sales can be achieved by playing with the selling price in accordance with the psychology of the buyer, or famously known as 'psychological pricing'. This means that business owners or entrepreneurs strategically set the prices of their products in order to elicit an emotional response from customers and drive sales
According to the Lifepal website, one of the strategies is to create affordable product prices that end with the number 9. In fact, in a study conducted by the University of Chicago on the implementation of prices in women's clothing with prices of US$34, US$39, and US$44.
The most sold result is priced at US$39, even though there are cheaper options than that. In another implementation, the prices listed on the Ibox website, whether it's for Iphone, Ipad, Mac, or other accessories, always end with the number 9.
The most appealing sales strategy for buyers is discount prices. Such as 10 percent, 20 percent, 50 percent, and even 100 percent discounts with various terms and conditions.
One of the most commonly done is 'Buy One Get One Free'. In this way, sellers can quickly attract the shopping desires of the community.
There is also a strategy that applies the opposite of numbers ending in 9, namely by rounding up the numbers. For example, the production cost of goods being sold is Rp111,500, then the seller increases it to Rp150,000.
Based on research conducted in 2015, it turns out that round prices are actually easier to process and create a dependency on consumers' feelings to purchase the goods.
In the study, researchers conducted an experiment by selling wine priced at US$40.00, US$39.72, or US$40.28. The result showed that more people bought the wine priced at US$40.00.
OJK summons AdaKami regarding customer terror that ends in suicide
Read MoreHere are the notes from the Ministry of Finance regarding the election budget
Read MoreThe suspected loan shark company is AdaKami. The victims cannot withstand the terror.
Read MoreHyundai Stargazer X showcases at Gaikindo Indonesia International Auto Show (GIIAS) 2023 Surabaya
Read MoreIrwan Mussry has several businesses with significant values.
Read MoreRaffi Ahmad and Nagita Slavina are currently enjoying a vacation in Spain.
Read MoreOne of the footwear trends that was once considered the worst trend is Crocs.
Read MoreNinja Xpress makes it easy for UMKM products in Indonesia to be known to foreign countries.
Read MoreThose two tycoons are not ordinary entrepreneurs. They are the richest people in Indonesia.
Read MoreA brilliant idea emerged in 1960 when Kihachiro witnessed the reaction of his sole as it touched hot water
Read MoreThe prayer of Prophet Yunus for sustenance becomes an inspiring practice in working to seek halal livelihood.
Read MoreShe often performs together with her father from one stage to another in her village.
Read MoreCheap imported products are one of the reasons for the drastic decline in traders' revenue.
Read MoreThese CPNS will later occupy positions in several work scopes at the KPK.
Read MoreDoctor Richard Lee was shocked when told by Doddy Soedrajat about Mayang's honor during the performance.
Read MoreThe Ministry of Communication and Information Technology has found 1,931 accounts related to gambling.
Read MoreDreaming is a subconscious experience that involves seeing and hearing during sleep.
Read MorePresiden mengharapkan masyarakat dapat memanfaatkan keberadaan LRT sehingga dapat mengurangi kemacetan dan polusi.