When they pitch their product, contrepreneurs will dramatically inflate their product price so that they can offer what appears to be a massive discount.
This is a sales tactic called “price anchoring.”
The idea is to make your prospect believe that the product you are selling is worth a very high price.
People naturally feel compelled to take advantage of discounts out of fear that they may have to pay more to get the same product later.
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Similar ideas to 5. Heavily discounted product
With value being in the eyes (and experience) of the consumer, the price they are asked to pay must be (much) lower. The entrepreneur’s job is to figure out at what price their product is attractive, and then choose a cost structure that allows for profit. In other words, the price is a
Questions to help you qualify a prospect:
Is this the right person?
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