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RE: Internet's Dirty Secrets - Part 2: You Are Being Manipulated

in #business8 years ago

Having worked at a couple of ecommerce companies on the software development side I did the implementation and financial analysis of a lot of these methods. I had never really studied them, and when presented with "this is what we need" I thought it was amusing that the marketing team thought they would work, and I wound up extremely surprised at how well they did.

Incrementally adjusting price points over a few weeks before a big "sale" so that the sale price was actually more than the original price was one of the dirtiest I saw, and it worked better than any of the others. The other was curating a list of items that the company had too many of and which weren't selling at all and putting them on a "hot" items list to get customers to buy up all of the extra stock was one they used all of the time.

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Oh yeah, they love doing that. Slowly increasing the price by 20% before a sales period and then showing off that they have 30% discounts....