5 Ways Retailers Influence Our Spending

5 Ways Retailers Influence Our Spending

Tuesday, May 19, 2020

Retailers have one goal: to get you to spend more. And they have lots of tricks to make that happen. Learn how to spot these marketing tactics and make smarter decisions when shopping. #1: BOGO – Buy One Get One free sounds like a great deal – until you realize you don’t need two of these products. In fact, you’re probably not even sure you need the one! #2: Anchoring – The $55 Deluxe Rib Steak doesn’t look all that expensive when it’s listed right under the $75 Chef’s Steak Special. #3: Urgency – Buy now! Quick – before it’s sold out! so says the retailer who has thousands more in stock . #4: Decoy pricing – “Do you want to upgrade that $4 medium to a $5 large? It’s practically the same price!” #5: D...

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