For early-stage startup founders and entrepreneurs, understanding economic principles like price elasticity can be critical in shaping pricing decisions that align with customer behavior and market demand.
Let's explore the fundamentals of price anchoring, how it can be leveraged in business settings, and what to do if your counter-party defuses your anchor. Additionally, we’ll touch on other complementary pricing techniques to help you maximize profitability.
In the world of economics, understanding how consumer behavior influences markets is crucial for both businesses and policymakers. Two foundational concepts that offer insights into this behavior are the demand curve and market demand.
Is your startup stuck in the oldschool marketing rut, relying on "spray and pray" tactics with dwindling returns? While content marketing and organic growth are important, there's a secret weapon many successful startups are leveraging to scale rapidly: programmatic advertising.