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The Psychology of Pricing: How to Set Prices That Sell Pricing isn’t just about numbers; it’s about psychology. Understanding how people think can help you set prices that not only attract but also convert. Here’s how: 1. The Power of “9”: Ever wonde

Pricing Strategies:- 1. Cost-Plus Pricing: Adds a markup to production costs. - Example: A $10 product sold for $15 ensures profit. 2. Value-Based Pricing: Prices reflect perceived customer value. - Example: Apple charges premium rates for i

Remember that is-odd nmp that checked whether a number is odd/even. This is an upgraded version of it (ai powered 🤣)

Mind Games: The Decoy Effect 🧠💡 Ever feel like a third option makes one of the original choices suddenly more appealing? There's a reason for that: the Decoy effect! Here's how it works: ⭐ Imagine you're choosing a phone plan: * Option A: 2GB

"Few people make financial decisions purely with a spreadsheet. They make them at the dinner table, or in a company meeting. Places where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled t

How do we determine the value of a product or service when setting prices, and what factors should be considered in deciding pricing strategies?

Successful boba business strategy and expansion plans - Despite the challenging location, Odd One Out grosses $77,000 monthly with high operating margins. - Higher prices at Odd One Out lead to greater order sizes, with an average customer spending $

Is Zepto Scamming Us All? I’ve been using Zepto for the past three months and even purchased a Zepto Pass, thinking I’d save money on my orders. Out of curiosity, I decided to compare prices using my sister’s phone (which doesn’t have Zepto Pass) t

Imagine you’re buying pizza for your friends, and you’re faced with these options: Small: 4 slices for ₹100 Medium: 8 slices for ₹200 Large: 12 slices for ₹260 (with extra cheese!) Now, let’s rule out the Small pizza—it’s obviously not enough for a

"Is SaaS a good startup idea? With scalability, recurring revenue, and high demand, it’s a promising opportunity!