The power of small discounts in the pricing of products in stimulating patronage.

[Min George]

I know of a business that gives just ten cents discounts on it's pricing against what it's competitors are selling. And in just three days, they have three times more patronage. One would just think ten cents discount won't make any difference. But it is such a big difference in the minds of customers.

 

[King Belieal]

Even if the discounts is 5 cents, if they multiply it with 10 items, they have saved 50 cents. That's how customers think.

 

[Augusta]

Discounts is good as it can be used to clear out inventory or incentivize purchases. which lead to increased sales, attract new customers, and build customer loyalty.

 

[eLdavis]

The use of discounts as a strategy to attract more customers can be pretty effective. People often like discounts.

 

[SilverLance]

This goes to show that even the smallest discount can have a significant impact on consumer behavior.

 

[Springtime]

From a customer's point of view, it's always good to have discounts regardless of whether they are big or small discounts. Even 1 cent is money.