New Website, Secure Ordering, Gifts for all occasions

Written by Jenny Spaulding

Continued from page 1
of merchandise from nic-nacs to birdhouses, to find jewelry,Plenty of home decor and we have just added our Christmas Cheer items.

Hello My name is jenny and i have been in business sinse 1991 and now I am pleased to bring it to you on line.We are based in Michigan.

Proven Pricing techniques

Written by Pavel Lenshin

Continued from page 1

In order to maximize your profit potential your price should reflectrepparttar value, notrepparttar 127208 costs. Want to raiserepparttar 127209 price? Increaserepparttar 127210 perceived value first. If it is still not enough to coverrepparttar 127211 costs - you are not competitive in that market.

Knowrepparttar 127212 "fears&joys" of your targeted niche. In two words there is a substantial difference of price acceptance in offering video course on financial trading to institutional investors and video course on conducting an interview torepparttar 127213 unemployed.

Decreasing price levels proved to generate more high-priced sales in comparison with increasing price levels. That isrepparttar 127214 reason why many marketers usingrepparttar 127215 following tactics of persuasion: "I was asked to sell it for $995, I decided to sell for $489, but especially for You I will cutrepparttar 127216 price to $79 only forrepparttar 127217 next three hours". Imagine if s/he decided to tellrepparttar 127218 truth like: "It cost me $9 per item to c reate, I will be happy to sell it for $39, but I'm so greedy, that I decided to sell it for $79". In that case s/he would probably close much less sales :0)

Another technique is price discount, widely used by almost everyone involved in off or online sales. Withrepparttar 127219 help of discountsrepparttar 127220 seller could achieve two main tasks: createrepparttar 127221 feeling of emergency and increaserepparttar 127222 perceived value ofrepparttar 127223 product and what is more important - without lifting a finger.

Just try not to overdo it as your substantial price drop could play a trick by being interpreted as bad quality ofrepparttar 127224 product.

Price diversification, asrepparttar 127225 next technique, is absolute must if you want to cover more people with different financial capabilities. It is a mutually beneficial pricing policy for its ability to satisfy much wider demand then "bold" asking for $99.

This tactics may be implemented by offeringrepparttar 127226 "core" ofrepparttar 127227 product forrepparttar 127228 lowest price possible. Second price level isrepparttar 127229 standard version ofrepparttar 127230 product for nominal price and one or even two "extended" high-priced versions for those who don't mind spending additional several hundred bucks for more colorful package :0).

Other way to go is to offer popular resell rights on digital products that, in its nature, playrepparttar 127231 same role of price divider and help to cover wider market, without much hassle, although, sometimes it is notrepparttar 127232 best tactics to use, because master resell rights add benefits and perceived value to a small number of resell rights seekers and have zero effect on "luxury" seekers, who look for "gold trim" at every product they buy, so create a "Deluxe" version for them as well.

Other well-known fact is that psychologists suggest using .95, .97 or .99 price endings as more favorable prices for our subconscious perception rather then round numbers.

You can come up with other specific pricing techniques to suit your business needs, just try to think them over.

Pavel Lenshin is a publisher of NET Business Magazine, professional web-developer and CEO of: - - informational portal and provider of discounted internet services for entrepreneurs, including internet access, web-design and hosting; - - a must-have business library.

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