The Psychology of Pricing Plans

  Рет қаралды 40,241

Nick Kolenda

Nick Kolenda

2 жыл бұрын

Prices are fascinating. Changing the visual appearance (e.g., font, color, location) can make prices seem cheaper or more expensive.
0:26 Page Color
0:44 Quantity
1:28 Location
3:21 Distance
4:38 Height
5:17 Names
5:27 Sequence
6:26 Buttons
7:18 Digits
7:58 Font Size
8:59 Billing Duration
9:29 Price Color
9:42 Discounts
My Written Guide:
www.nickkolenda.com/psycholog...
My Books:
www.amazon.com/Nick-Kolenda/e...

Пікірлер: 56
@benjaminanderson1014
@benjaminanderson1014 2 жыл бұрын
Every time I watch one of your videos I become absolutely disgusted with how easy I am to manipulate. Well done!
@Tonytonsiltooth
@Tonytonsiltooth 3 ай бұрын
Every business does this. Even when u buy yogurt in tbe grocery store lol
@CristianDruciocShow
@CristianDruciocShow 2 жыл бұрын
I think is the best video on KZfaq about pricing pages. 😊
@NickKolenda
@NickKolenda 2 жыл бұрын
1. Here's the guide: www.nickkolenda.com/psychological-pricing-strategies/
@elixorvideos
@elixorvideos 8 ай бұрын
Such incredible advice and information, cannot believe this is free, thank you so much!
@mohamedsirajudeen492
@mohamedsirajudeen492 2 жыл бұрын
Excellent stuff. You hit me on a right time. Thanks for the great info.
@MaximilianRussell-oy3kt
@MaximilianRussell-oy3kt 3 ай бұрын
Appreciate the non-fluff straightforward approach. Was a great review for me. Thank you!
@leverly
@leverly 2 жыл бұрын
I enjoyed this. Full of actionable ideas. I am making several tweaks now!
@phelecia6260
@phelecia6260 26 күн бұрын
Thank you for sharing your knowledge! Excellent video!
@imluctor5997
@imluctor5997 10 ай бұрын
Great content! I do find that enlarging a price plan can sometimes be benificial specially when you expect the user to buy that product. You could enlarge the middle priced product and say its recommended and visually make the more premium option also look more premium by making it much richer in colors. Sometimes starting with a higher price is better but it all depends ofc on what you sell as sometimes it can cause customers to leave as they think the rest of the prices will also be high priced.
@elmahdichaker1207
@elmahdichaker1207 19 күн бұрын
Very insightful video 👍🏻 thank you
@JanineMJoi
@JanineMJoi 2 жыл бұрын
Awesome as always. Thank you!
@ctam112003
@ctam112003 2 жыл бұрын
Great work. I love these insights.
@alanavella
@alanavella 2 жыл бұрын
As always great content Nick!
@jumpskirt
@jumpskirt 2 жыл бұрын
Fascinating stuff! Thanks!
@FitnessSolutionsPlus
@FitnessSolutionsPlus 2 жыл бұрын
Excellent video, Nick!
@KavehNajafi
@KavehNajafi 14 күн бұрын
Great video!
@adelkocsis3647
@adelkocsis3647 3 ай бұрын
really useful info packed digeastable! thanks xxx
@undeadsatan3317
@undeadsatan3317 Ай бұрын
Legendary, you sir are a real G !
@sidd7408
@sidd7408 11 ай бұрын
Super one!! 🙌🏻
@e-Course
@e-Course 2 жыл бұрын
Awesome video , You need to add tag to this video to people find you easily and also as end screen link with other video and add card as well
@freedomofreligion3248
@freedomofreligion3248 Жыл бұрын
I subscribed and I downloaded your pdf. Very helpful information, thank you.
@dhlawrencexvii
@dhlawrencexvii 2 жыл бұрын
So, question, as you didn’t include this in your quick summary at the end: would you out the light gray stuck-through price above or below the plan name? I would think below so you could connect them with a vertical line and it wouldn’t interrupt the subtraction inference, but would love to know your thoughts.
@BillyHeany
@BillyHeany 2 жыл бұрын
Great video nick! Full of quick snippets of totally actionable information. I can't help but thinking though how much of this is affected on mobile as it accounts for about 60% of all web traffic now adays. i.e. pricing plans won't fit line by line next to eachother on smaller phone screens. How would some of these points change to be optimized for mobile? If your case about having restaurant revenue go up with their highest prices at the top, would that be a better way to position pricing plans on mobile? It's difficult as marketers because we do all of our work on our computers each day, but customers are increasingly viewing our work on smaller devices.
@NickKolenda
@NickKolenda 2 жыл бұрын
Good question. In a restaurant, most patrons will buy at least one item from the menu. But in mobile contexts, users can leave without buying. If they see expensive prices up front, they could assume that this product is outside their budget (and exit before they see lower prices). Generally, I would arrange from lowest to highest prices on mobile.
@logobyjolan
@logobyjolan 2 жыл бұрын
Really helpful. Thank you!
@EnnaBusiness
@EnnaBusiness 4 ай бұрын
Great video, I came across while making a video o pricing methods for my channel.
@suphitchaek-uru409
@suphitchaek-uru409 2 ай бұрын
Thank you so much for this informative videe.
@lumendev8901
@lumendev8901 2 жыл бұрын
Thank you! Great info.
@hartnady
@hartnady Ай бұрын
I’d encourage guidance not just for “per time period” but “per X units per time period”. Units of measure are becoming increasingly important when pricing subscription based products which now fuel much of the economy.
@marketingyvideos-pl5re
@marketingyvideos-pl5re 4 ай бұрын
GREAT VIDEO
@joelg.dampiljr.2757
@joelg.dampiljr.2757 Ай бұрын
WTF DID I JUST WATCH BROOO. Niceeeeeeee, suddenly I feel more powerful and knowledgeable. Hoping to apply more of your lessons, nice content :)
@mattkeenan6836
@mattkeenan6836 2 жыл бұрын
You need to offer website optimization with all these tricks but specified to industry and context.
@Photogemic
@Photogemic Жыл бұрын
you just blew my mind! thanks!
@PonteRyuurui
@PonteRyuurui Жыл бұрын
outstanding vid mate
@joetubeli
@joetubeli 2 жыл бұрын
Great stuff
@WendyRaycroft
@WendyRaycroft 2 күн бұрын
good video.. interesting
@Drmosalem
@Drmosalem Жыл бұрын
Omg! What a detailed informations!
@BullerFelix
@BullerFelix Жыл бұрын
Well described 👍
@Peter-gp4hl
@Peter-gp4hl 2 жыл бұрын
Thanks for video. Did you tested this in some AB test?
@sagardeka8909
@sagardeka8909 Жыл бұрын
Thank You
@BradCzerniak
@BradCzerniak 2 жыл бұрын
This might be the judgment-call bikeshedding grey area, but I'm wondering if the visual lightness benefit might supersede the necessity to describe the pricing plan, so that the pricing is hierarchically above the heading in the box. For those starter/pro/enterprise labels, which seem pretty widespread on pricing pages, are there wording tweaks that could drive more sales? I also see a lot of pricing pages where the center column is slightly larger or otherwise emphasized, messaging that the entry-level plan isn't a good long-term solution and the enterprise plan is too expensive by comparison, but the middle is the best value on account of being the right balance of price and features. Would the business goal of getting people on intermediate plans override the gestalt of all the plans being grouped and sized the same?
@DavidCuesta
@DavidCuesta 2 жыл бұрын
Your content is f* awesome, thanks
@CarinaParry
@CarinaParry 2 жыл бұрын
Great as usual Nick. One thing I find at the moment is $37 and $47 seems to be a popular price point for offerings online for social media packages. Not sure why that is, considering it is an odd number.
@JanineMJoi
@JanineMJoi Жыл бұрын
It used to be 9. 7 indicates a much lower price. 7 has been the majic "lower" number for several years.
@alfonsocalero
@alfonsocalero 2 жыл бұрын
Recently increased my pricing from $99 - $109 (first time in a decade- inflation). Is there a better price you recommend that might convert better than 109 when over $100? Is it 111, 110, 108?
@BobbyMasteria
@BobbyMasteria 2 жыл бұрын
shouldn't the texture pattern be on the button itself ?
@karatetournaments
@karatetournaments Ай бұрын
So say you have 2 options one is monthly installments with a down-payment and the other is pay in full how would that look?
@joelg.dampiljr.2757
@joelg.dampiljr.2757 Ай бұрын
I am also thinking about the ease of computation effect for 49 and 100. Do you have any answers now?
@sunnohh
@sunnohh 11 ай бұрын
Economist me hears “prices are rational” 0:09 and I begin to laugh uncontrollably
@hypergamig6708
@hypergamig6708 4 ай бұрын
wow
@Muhluri
@Muhluri 2 жыл бұрын
I'm not selling anything, but this was interesting
@DamnHeadHumpers
@DamnHeadHumpers Жыл бұрын
Your microphone with the foam cover makes the low end of the spectrum in your voice very loud, especially if you are boosting after.
@JanineMJoi
@JanineMJoi Жыл бұрын
I wish you had done this with products instead of plans.
@isaiahheaden
@isaiahheaden Жыл бұрын
i want to build a website that does EVERYTHING the opposite.
@AlfredHimmelweiss
@AlfredHimmelweiss Жыл бұрын
LOL....
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