Home

A/B Testing Idea #119 - Augment prices more often, but by smaller increments

Tactic_Augment prices more often, but by smaller increments

Description

Avoid waiting until the moment of desperation to suddenly raise your prices, anticipate and increase them gradually. Using frequent but small price increases will reduce the impact that these could have on your customers. A sudden increase in price will immediately be more noticeable and will put many customers off even if it is the first increase you have made in years (unless a significant improvement of the product justifies this increase). However, if you increase your prices regularly but by small increments, your customers will not have a concrete, long-standing reference price and therefore won't be as affected by these increases.

Inspired by Nick Kolenda 

Principles

  • Weber's Law (Weber, 1834; Fechner, 1860)

The Research

Weber's Law

Weber’s Law quantifies the perception of change in a given stimulus: it states that the just-noticeable difference of a change is directly proportional to the status of the original stimulus.

Browse A/B Testing Ideas bycategories
Browse A/B Testing Ideas bytype of website
Browse A/B Testing Ideas bydefinitions

Oops, you have reached your limit of 1 free tactic per hour

To get unlimited access to our 250+ tactics,
Join our FREE mailing list

*

Or wait 00:59:59

Congratulations!

You have unlocked our library of 250 tactics.
Keep learning or sign up to Convertize.com to start
implementing them directly in your webste.

Convert more Browsers into Buyers, today.

Try for FREE

No credit card required

Amazon S3 Web Services icon
Convertize reviews
Stripe icon
SSL icon