Price anchoring is a marketing technique where brands display a higher original price first (e.g., $199) to make the actual sale price (e.g., $79) appear more attractive, causing consumers to perceive the deal as better than it would be without the comparison, even when the discount doesn't logically make sense.
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What most brands do not tell you about pricing....Added:
One of the sneakiest moves in branding is price anchoring.
Brands show you the higher price [music] first, like originally $199, so that the real price of $79 feels like [music] an amazing deal. Now, your brain doesn't do the math. It simply uses the higher number as an anchor [music] and compares everything to it.
And studies show that this [music] changes how much we are willing to pay, even when the discount doesn't make sense.
And now, it's not really about the discount. It's about making the sale price [music] feel way more attractive.
You just leveled up your shopping awareness.
You're welcome.
>> [music]
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