“Anchoring Effect: The First Price You See Changes Everything”
The Anchoring Effect is a cognitive bias where people rely too heavily on the first piece of information (the “anchor”) they see when making decisions — especially in pricing. Businesses
What is the best way to market a product?
🌟Highlighting its Multi-functionality- Like how a simple dress or top can be styled in different ways
🌟 Fashion is an emotion for many, stressing on emotions will help in connecting with the buyer
🌟Sh
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Rinku N
Learner • 8m
Some useful YouTube channels or app or sites for startup news/Case studies/ valuation etc. info.
Job losses on a mass scale in big cities are a domino effect. For one to many
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Ronak Patel
Here you go! • 5m
PSYCHOLOGICAL MARKETING TECHNIQUES - 1/10
Anchoring Effect
The anchoring effect involves presenting a higher-priced product
first to make other options seem more affordable. This
psychological bias causes consumers to rely heavily on the first
What type of content would you like to see? For eg, business case studies, founder's stories, etc.
Please tell as I feel that you all aren't liking my current series.
Should devs really care about the revenue, lot of ideas if implemented could be useful for many but it wouldn't be really profitable. Basically good will projects.
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AprameyaAI • 1y
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