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Nairaland Forum / Nairaland / General / Business / Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? (23324 Views)
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Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by dhesire(m): 7:07pm On Mar 14 |
Based on the present economic situation in Nigeria and the scarcity of funds, seller A might attract more customers because with the little fund available I can get to purchase basic needs while I'll have extra dough to purchase a commodity and get the extra I might not need. Over to you, financial analyst/experts. 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Proserpina: 7:08pm On Mar 14 |
. 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Googledotcom: 7:08pm On Mar 14 |
Buy one get one free is the best 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by gabicon: 7:09pm On Mar 14 |
maureensylvia: If you are selling to Nigerians go with seller B. Nigerians love the word free, once the word free is an advert it captures their attention. 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by delishpot: 7:09pm On Mar 14 |
B 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by maidstone: 7:09pm On Mar 14 |
Most of the replies above show that you guys aren't into management or business administration. When a business entity comes up with this sort of promo, often, it's not about you the customer. It's about the company's wellbeing. Most companies, especially, supermarkets, would prefer Option B because Option B will help them to shift more goods. As in sell more goods than Option A As regards Option A, most customers would prefer that as they most likely came in to buy 1 piece of the item on promo anyway. Most wouldn't need 2 Thus, Option B will be more impactful on the bottomline of the company in question 4 Likes 2 Shares |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Babangidapikin: 7:09pm On Mar 14 |
Seller B is good for the buyer and the seller .. because you sell more volume and the buyer is happy because she's thinking 140000 Naira valuation of her goods .. |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by WhiteWood: 7:11pm On Mar 14 |
In my opinion, option A will sell far better because not everybody wants to buy in large quantities. 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Jewessgratitud3: 7:12pm On Mar 14 |
ElliotP: They are both promo sales only one is slashed price while the other is. Buy one get one free which is not really free considering the other option. Tricky but very clear |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Proserpina: 7:14pm On Mar 14 |
. |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by chichima67791: 7:20pm On Mar 14 |
na d same jawena d same jawe... |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Poiniyisworld: 7:20pm On Mar 14 |
The pricing is same. If your customers know mathematics , immediately they know you are are a cheat who is ripping them off. |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by ElliotP: 7:22pm On Mar 14 |
Jewessgratitud3: Yeah they're obviously the same thing, but the question is which will sell faster and that's what I answered |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by johnog4sure: 7:23pm On Mar 14 |
As a licensed business developer, Seller A for sure! It's more flexible to your business and easier communicated to the costumers |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Godfullsam(m): 7:23pm On Mar 14 |
Option A Because not everyone will have 70k to buy 1 and get 1 for free. 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by CHIOMAEZEH: 7:29pm On Mar 14 |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by sirgalahad26(m): 7:29pm On Mar 14 |
maureensylvia:Both works depending on the demography |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by PAQ(m): 7:29pm On Mar 14 |
Seller A is the best deal, because If a customer wants more than 2 lets say 3 he will spend only N105. Were as with Seller B, he needs N140 and above for quantities above 2. Seller A is more flexible 2 Likes |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Lemmyler(m): 7:33pm On Mar 14 |
Seller A : odd quantity/quantities of the product. Either seller A or Seller B: even quantities of product 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by maidstone: 7:35pm On Mar 14 |
Proserpina:The truth is it's what suits the company. They don't care about you. Supermarkets abroad, for example, often employ Option B It's not about you even though they disguise it and make it look so 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by RapportNaija(m): 7:38pm On Mar 14 |
All of these answers in the thread are only personal opinions... Until you actually test it in the market. So for a quick test, run like $5/day Facebook Ads testing the two Ads for 1 week. Whichever get more clicks/enquiries wins. Simple!. 2 Likes 1 Share |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by InvertedHammer: 7:42pm On Mar 14 |
maureensylvia:/ @ N70k you have automatically priced out a lot of people. @N35k, if e reach you buy, if e no reach you, jejely respect yourself and waka. / 3 Likes |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Yelight(m): 7:42pm On Mar 14 |
Option 1 Because most people are very poor now but with half of the price they can get a full bag. But the best option to me is 2 because promo doesn't last forever. |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Jerk1: 7:44pm On Mar 14 |
The same just that if you have the money then go for option B but if you a low on budget get option A. Both will sell depending on the area. For mid and upper class, option B. For low income area, option A. 2 Likes |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by femi4: 7:49pm On Mar 14 |
maureensylvia:seller A Why: min wage is 30k In the law of demand n supply, purchasing power is a determinant factor 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Eagle360(m): 7:50pm On Mar 14 |
Seller A Option B have a clause if you didn't have up to #70,000 you will not buy the product. But with #35,000 you will get what you want with Seller A. 2 Likes |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Proserpina: 7:54pm On Mar 14 |
. 1 Like |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by cheaperstores: 8:01pm On Mar 14 |
It clearly depends on the purchasing power of the customers. Either price option does not in any way impact negatively on the customer. A price sensitive customer will buy discounted price and a price immune customer will buy one get one free. maureensylvia: |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by CatchMeIfUCanMO: 8:02pm On Mar 14 |
Goodlyhrt: Option A will sell faster, if you are into business, you will understand better. There are times company will tell you to buy certain quantity and get a discounted percentage or buy certain quantity and get some of those products free in return. The first option is what people do go for because you will still have money to run other part of your business. Buy one and get one free no too dey work for Nigeria like discounted price. 2 Likes |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by mblarry1(m): 8:03pm On Mar 14 |
that's thru bro... Cus u might buy the seller 2 and too many fake in it.. WorkTheTalk: |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by albert2512: 8:03pm On Mar 14 |
maureensylvia: A of course. Method B increased the minimum threshold which might make many buyer hard to meet. |
Re: Which Of The Two Pricing Options Do You Think Customers Will Grab Faster? by Teejaney88(m): 8:03pm On Mar 14 |
B. We all love awoof!😎 |
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