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How to use a letter to increase prices and increase sales
Did you know that you can run a promotion without reducing your prices? It's true! In this age-old tactic of sending a price increase letter, with a twist for e-commerce stores, you can learn how to do just that.
Price Skimming: Strategy, Meaning & Implementation
Discover what price skimming is and how it can maximize your profit potential. Learn how to implement this pricing strategy in your Shopify store. Price skimming is when you launch a product with a higher-than-usual markup and then incrementally lower the price over time.
Psychology of Pricing: What is Charm Pricing?
Boost revenue and conversions with Charm Pricing: Discover the impact of perceptions and evaluations on purchase decisions. Charm pricing is a strategy that claims the way you price a product will affect how well it sells. This technique is used by companies like Apple and Uniqlo to improve sales.