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Description

Actual Student Reviews:
"If you are undecided on which pricing course to buy choose this one: essential, comprehensive, effective. I am an independent online entrepreneur and this course has allowed me both to learn new skills and, in the words of Steve Jobs, to "connect the dots" between direct experience with my ecommerce businesses and the psychological rules of pricing." Simone, B.
"I 'm online seller .I suffer lot in price battle. This lesson is effective and started to plan my price strategies without any loss and burden."  Akila, R.
"Covered so many more strategies and topics than any of my marketing courses at my university! Wow!" Rohan, G.
2024 Updates: 
A full section on Van Westendorp Price Sensitivity Meter (PSM) is added. You will be able to identify the Optimum Price Point (OPP) and the upper and lower limits (the price range) for any given product using this method. It is taught from A to Z.
Course :
This course uses
marketing psychology
principles to educate you on the science and
psychology of pricing
.
Price is what makes you money so deep understanding of how customers think about price can help you win customers and make more money. Pricing Strategies are powerful weapons in your hands
to increase sales and more importantly profit
. This course is pragmatic and applicable. It digs deep into scientific research of psychology and pricing in addition to the wisdom of pricing scholars and gurus. I have collected for you not only the tips and tricks to hack into customers' perception of price but also the overall strategies and consideration to coordinate your pricing strategies in any given situation or context. 
Did you know
if you increase price 1%, your profit can go up by 11%? 
So what can be done to increase your prices by creating a win-win situation with your customers will be discussed in this course.
What You Will Learn:
Universal Rules of Pricing: 
what is the overall
How to Charge Higher Prices Confidently:
Pricing is not about cost but about value perception of customers, we will see how you can find the higher price without losing sales. This can make you rich
How to Fight Price Wars:
Price wars are dangerous and costly. But they are inevitable. You will learn how to fight them if you have to
Psychology of Pricing: How to Manipulate Price to Make it More Appealing:
Does size or Color Matter? What's 99-ending pricing and other variations of odd pricing. Are they effective, when, and how? Here you will learn how to influence with Price.
The Art of Discounting without Losing Profit:
Discounting is another weapon in your arsenal. You need to learn when and how to use it maximize profitability. Random and blind discounting is prohibited.
How to Enhance Consumption and Increase Renewal Rate:
Interestingly price not only influences demand, it can also influence how people use products and services. Here you will learn how maximize renewal rate and consumption of your product.
What Is Van Westendorp Pricing method and How to Implement it:
 A powerful method to confidently find the right price and the price rang for the target market.
And many more interesting topics and bonus videos. To the best of my knowledge, this is
the most complete pricing course in Udemy
.
Why Me?
I am an
award winning marketing professor in a major university in USA.
I have a Ph.D in business and have taught many MBA course including pricing strategies in different countries. I have a passion for teaching and my teaching style has been applauded by my students all the time. It is simple, to the point, and engaging. My Udemy course are all "
highest rated"
and very positvely reviewed.
So take this course now
and let me take your business acumen to the next level.

Who this course is for:
EVERYONE
because you are either a
Seller or Buyer
Because everything has a
PRICE
Because the Right Price will Make your Rich
Wrong Price will make you Broke
Who this course is for:
Business and Marketing Students
Any body interested in learning price influence
Entrepreneurs and Business Owners
Marketers and Sales People
Anyone Interested in the Application of Psychology in Pricing

What you'll learn

Price to Maximize Profit

Universal Rules of Pricing and Different Pricing Strategies

Learn How Consumers Perceive Price and Think about Price

How to Fight Price Wars

How to Run Sales Promotions to be the Winner

Dynamic Pricing from Airline Industry and Online Sales

Requirements

  • You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
  • No previous design experience is needed.
  • No previous Adobe XD skills are needed.

Course Content

27 sections • 95 lectures
Expand All Sections
1-Introduction
4
1.1-Introduction and Promotion. What is Covered?
1.2-What is Price? A Deeper Definition of Price
1.3-Importance of Price for Profit Making
1.4-Quick Announcement
2-Pricing Strategies and Rules
4
2.1-Pricing Strategies
2.2-Rule Number One of Pricing: Never Violate this Rule
2.3-Rule Number Two of Pricing: How to Charge Higher Prices
2.4-Price Elasticity and your Pricing Power
3-Psychology Pricing
9
3.1-Intro to Psychology Pricing
3.2-99 Ending Effect
3.3-99 Ending Effect Mechanism - The Left Digit Effect
3.4-Other Odd Numbers Variation- 95 Ending or 99 Ending?
3.5-Luxury Pricing - When 99 Ending does not work
3.6-The Effect of Weird Pricing
3.7-Color Size and Style of Price Tag Manipulation- Intro
3.8-Color Size and Style Manipulation
3.9-Temporal or Penny a Day Pricing
4-Price and Psychology of Consumption
2
4.1-Price and the Psychology of Consumption
4.2-Challenge 1: Test Your Knowledge So Far
5-The Art of Fighting a Price War
5
5.1-Introduction to Fighting a Price War
5.2-The Art of Fighting a Price War- Step 1 Diagnosis
5.3-Fighting a Price War- Step 2: STOP the War
5.4-Fighting a Price War- Step 3: Non-price Actions
5.5-Fighting a Price War- Step 4: Fight and Retreat
6-Dynamic Pricing
1
6.1-Dynamic Pricing
7-Price Modification and Discounting Principles and Psychology
7
7.1-Price Modification and Discounting Introduction
7.2-Product and Price Versioning
7.3-Product and Price Bundling
7.4-Product and Price Unbundling
7.5-Discounting Principles and Conditions
7.6-Psychology of Discounting
7.7-A Discounting Example
8-Price Partitioning
6
8.1-Intro to Partitioned Pricing
8.2-Benefits of Price Partitioning
8.3-The Effect of Size in Using Partitioned Prices
8.4-Effect of Perceived Unfairness in Partitioned Prices
8.5-Surplus Presentation - Actual or Percentage Amount?
8.6-Price Partitioning Quizz
9-New Product Pricing
2
9.1-New Product Pricing Principles
9.2-Market Skimming and Market Penetration Pricing
10-Van Westendorp Price Sensitivity Meter (PSM)
6
10.1-Introduction to Van Westendorp Price Sensitivity Method
10.2-What is the Van Westendorp Pricing Methodology?
10.3-When to Use Van Westendorp Price Sensitivity Methodology
10.4-How to Easily Implement Van Westendorp Method Using Qualtrics or Survey Monkey
10.5-Van Westendorp pricing method weaknesses
10.6-Challenge 2: Test Your Pricing Knowledge
11-References and Extra Materials
1
11.1-References