GrowthHackingIdea - One pricing trick to boost sales by 67%
Researchers from Yale ran an experiment.
They gave users a choice of buying a pack of gum or keeping their money:
#1. When given a choice between two packs of gum (both were priced at 63 cents), 46% made a purchase.
#2. When the packs of gum were differently priced—at 62 cents and 64 cents—more than 77% of consumers chose to buy a pack.
That’s a 67% increase in sales over the first group.
You already know that “analysis paralysis” (= too many choices) decreases sales. The same happens if only one choice is provided.
Source: www.helpscout.net
![](http://e.growthhackingidea.com/files/e.growthhackingidea.com/general/avatar.png)
Charlie Patel ;)
Your friend wants to get access to our invite-only community of growth hackers from companies like Uber, Google, Microsoft, TechStars, Disney, Adobe, Coca-Cola, Amazon, etc.? Here's your personal invitation link for him/her: http://e.growthhackingidea.com/?ref=2145324&a4=1&a5=9
Unsubscribe | GrowthHackingIdea / StartupGrowth.com | 1460 Broadway New York, NY 10036
Older messages
Open rate dropped down by 30% [study]
Monday, April 1, 2024
Today's hack 30% of people either open cold emails almost immediately or never open them [case study] This is our own fresh A/B test. We were sending cold emails at 9:00-9:30 am. The average email
How to increase prices insensibly
Sunday, March 31, 2024
Today's hack You can change your price without cause if it's by less than 10% [Weber's law] When it comes to price hikes, Weber's law shows that approximately 10% is the average point
+30% bigger CTR [Tuesday vs Thursday]
Saturday, March 30, 2024
Today's hack Tuesday vs Thursday. One of these days generates 30% bigger CTR. [Study] We continue our experiments with emails. Almost 100000 emails sent within over a month so far. Here is my fresh
Overcoming ads blindness
Friday, March 29, 2024
Today's hack Why not switching from usual ads to converting your audience into email subscribers in exchange for rewards? What are you willing to see more in banner ads? 1. Sales pitches. 2. Brands
Orders went up by 20%
Thursday, March 28, 2024
Today's hack Walmart's responsive redesign boosted their sales by 20% Wal-Mart Canada boosted their sales by 20%. Here is what they did: 1. Analyzed their audience. 2. Noticed that a big and
You Might Also Like
1 key point, how Sumome hit 1B people
Saturday, July 27, 2024
Every business - big or small - needs an e-sign tool in their stack. But they cost so much. Get this lifetime deal on the best Docusign / PandaDoc Alternative (https://www.rockethub.com/deal/flexisign/
Industry Veterans Teach How to Earn Revenue in 2024
Saturday, July 27, 2024
And how to do it in a short amount of time View in browser Spark Sign Up You don't have to learn affiliate marketing alone To become an affiliate marketer, you'll need to to create ads,
Low competition niches with high traffic potential
Friday, July 26, 2024
1.2 million visitors with a DA of 9!?
Mindsnack Ep. 6 - 4 Things That Have Helped Me
Friday, July 26, 2024
do these things.
SearchGPT Announced! (The End of Google?)
Friday, July 26, 2024
Yesterday, OpenAI announced SearchGPT, an AI-powered search engine that is a direct competitor to Google search. What does that mean for Google? What does it mean for publishers? This is the first
🎙️ Find That Pod #272
Friday, July 26, 2024
Let's discover some awesome podcasts together.
Temu may be a worthy Amazon competitor after all [Crew Review]
Friday, July 26, 2024
Q4 is approaching fast. Take advantage of the sales season and get more funding for your e-commerce business. We'll show you how on July 30, 2024 at 9:30 AM (PST). Hey Reader, It may not have the
Bitcoin 2024: All Eyes on Nashville
Friday, July 26, 2024
Marathon Digital Goes Full HODL with $100M Buy
Digiday Awards: One week left to submit your entry
Friday, July 26, 2024
Have your work viewed by judges from Google, Chipotle and more
You don’t need more capital, Reader. [Webinar]
Friday, July 26, 2024
Hey Reader, Most successful online entrepreneurs have taken risks, ie, loans, to scale their businesses to the next level. But how do you know when to borrow more money and when to hold off? This July