Marketing Manna

A new season of Marketing Manna is coming! Sign up to stay informed and receive your daily bread as soon as we go live.

A new season of Marketing Manna is coming! Sign up to stay informed and receive your daily bread as soon as we go live.

Knowing who you are makes sharing sweeter for us!
Knowing who you are makes sharing sweeter for us!
We need an email address to deliver fresh manna daily!
We need an email address to deliver fresh manna daily!

Can price, scan price!

A scanner app’s pricing tactic left me scanned and stunned!

I recently installed a scanner app, Tap Scanner, on my phone.

The three-day trial would be followed by a one-time installation price of a whopping $49.99 for a mobile phone scanner app.

I tried the app and didn’t like it, so I cancelled it before the trial ended. 

As I was cancelling it, the app offered to lower the installation price from $49.99 to $9.99!

That’s a staggering savings of 80%.

If the average discount you offer upon no request, complaint, or unique circumstance is 80%, is your sticker price a real price?

Do you think that we won’t notice that the price is artificially jacked up to 5X for no valid reason or benefit?

I didn’t mind that the price was $49.99. 

But there was no explanation of why this app was worth that much in the first place.

Use pricing as a marketing weapon by making people realize how much benefit they’re getting for such a low cost.

Takeaway

Price goes before a fall if it can’t convey benefit over its cost.

What is the best example of pricing discounts that you have seen? Let me know!

The moment you make a mistake in pricing, you're eating into your reputation or your profits.

Katharine Paine

Kurian Babykutty

CEO, 40 Parables

Kurian's a steward of storytelling and a keen observer of people, which is why he geeks out on making marketing meaningful.

Manna is tastiest when shared together.
Share this with someone who needs it today.

Manna is tastiest when shared together. Share this with someone who needs it today.