
07/07/2025
The Pricing Strategy That Will Make You Go "Aha!"
Dear Gamechanger
Have you ever wondered why some customers think they're getting the better end of the deal, only to realize they're playing right into your hands? Or have you experienced itself, when you thought the salesman has offered you a good deal only to realise you paid more than you thought you would.
Meet the elderly watermelon seller who mastered the art of pricing strategy!
What he Did - As shown on the attached picture. The old man sells watermelons and the price of the watermelons are
1 watermelon for $3; And 3 watermelons for $10.00
A young guy tried to outsmart him by buying three watermelons for $9 instead of taking the "3 for $10" deal. But the old man just smiled and said, "They always do that…"
The Lesson:
In the food processing industry, pricing strategy is not just about numbers; it's about understanding human behavior, perception, and psychology.
It's about knowing your customers better than they know themselves!
So, How Can You Apply This Lesson to Your Food Processing Business?
1. Know Your Customer:
Understand what drives their purchasing decisions and tailor your pricing strategy accordingly.
2. Create a Pricing Illusion:
Make customers feel like they're getting a better deal, even if they're not.
3. Use Psychology to Your Advantage:
Use pricing anchors, discounts, and bundles to influence customer behavior.
4. Stay One Step Ahead:
Continuously monitor customer behavior and adjust your pricing strategy to stay ahead of the game.
Don't Let Your Customers Outsmart You!*l
Stay wise, market smarter, and watch your sales soar!
Share your favorite pricing strategy tips in the comments below!
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