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The Psychology of Pricing

The Psychology of Pricing

FromCFO Bookshelf


The Psychology of Pricing

FromCFO Bookshelf

ratings:
Length:
53 minutes
Released:
Oct 21, 2023
Format:
Podcast episode

Description

If you have read any books on pricing, the title that stands above the rest is Hermann Simon's Confessions of The Pricing Man.However, suppose you are looking for a book that includes nearly every pricing tactic ever used in business. In that case, I'd start with Handbook on the Psychology of Pricing by Dr. Markus Husemann-Kopetzky. The subtitle is 100+ effects on persuasion and influence every entrepreneur, marketer and pricing manager needs to know.While this book is for the hardcore marketer and CMO, I recommend it to CEOs and CFOs too as pricing is a vital discipline that's lacking in many small businesses.A few of the topics we cover include:Flat Rate BiasScarcityReciprocity$0.79 or $ 0.93Dropping CommasThe Problem with Discounting High-Quality Products
Released:
Oct 21, 2023
Format:
Podcast episode

Titles in the series (100)

CFO Bookshelf is based on the popular monthly newsletter by CFOBookshelf.com. Each week, a business author or thought leader is interviewed where practical insights can be applied by financial leaders. The show was founded by a pioneer in the part-time CFO business.