How to price the goods of the vending machine? Demystifying pricing strategies that are well versed in consumer psychology

In the daily operation of vending machines, commodity management is very important, and commodity pricing also contains a lot of knowledge and strategies. So, what kind of pricing strategy should be adopted in the sales of vending machines? In life, we usually see commodity prices ending in odd numbers such as 5, 7, 9, etc. Why is this? When merchants set prices for goods, they usually set a price with a certain difference from the whole number, for example, the price is 5.99 instead of 6. This pricing method is called mantissa pricing, also known as odd pricing or fractional pricing. Most consumers like high-quality and inexpensive or cost-effective products, especially for ordinary people who are more sensitive to the price of the product. Whether the price is cheap is often a key factor in determining whether they will buy the product. The mantissa pricing Qia Qia can give people the feeling that the price is cheap, although 5.99 and 6 are only 1 cent different, but they can make people feel cheaper. At the same time, the mantissa pricing can also make people think that the merchants are calculating the price very accurately and carefully, so that the price is as close to the cost as possible, thereby creating a sense of trust that the merchant is serious in pricing and the price is true. So why do people feel such a cheap price? From the perspective of psychology, this is mainly due to the role of over-classification and anchoring effects. In the operation of vending machines, merchants can use the mantissa pricing strategy for product pricing. Through the real-time connection of Xinsuo's smart vending machine and the cloud platform, it is easy to grasp the sensitivity and acceptance of consumers' pricing of different commodities. Since '8' is homonymous with 'faTwenty-eight law brand rules 20% of the strong brands, occupy 80% of the market share. Generally speaking, the market share of the first brand is more than twice that of the second brand, and it is the most valuable brand in the industry. In the Internet industry, the three major portals account for the vast majority of the Internet industry in terms of attractiveness and income. The reason why the 'Two-Eighth Law' is highly praised by the industry is that the business strategy of 'doing something and not doing something' advocated by it has confirmed the vision of the media industry. To make good use of the '2-8 LawMajor breakthroughs were made in key areas, which in turn led to overall progress and overall progress in media operations. It is 20% of customers that bring 80% of profits to a company. According to this principle, if these 20% of customers can be identified and better services can be provided, it will undoubtedly be of great help to the company's development and performance growth. That is, 20% of the products must have actual high-end and profitable products, and 80% of the products must be general consumer goods. Although the main consumers of mass media entertainment are most of the general consumer goods. But this does not prevent the '28th law' from being fulfilled. First of all, 80% of the revenue of products for the masses comes from 20% of customers. This is common sense in the media industry. Second, 80% of revenue comes from 20% of the market

It isn't just about being on vending machine anymore–it's about maximizing the potential of the platform of manufacturing.

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vending machine can also provide a new, productive option for business owners, if you're willing to use it.

need fuel for energy,while commercial vending machine do not.