Strategic Pricing Over Gimmicky Discounts
Gimmicky discounting refers to pricing strategies that may appear attractive at first glance but typically lack genuine value or transparency. These types of discounts are often used to create a sense of urgency or perceived value, but they may not reflect the true worth of the course. Here are a few examples:
- Inflated original price with heavily discounted ratesSetting an artificially high original price and then offering a substantial discount to create the illusion of a great deal, yet the discounted price is still higher than the course’s actual value.
- Limited-time only discounts that are always onCreating a sense of urgency by promoting limited-time discounts, but in reality, these discounts are consistently available.
- Secret or exclusive discounts for select audiencesClaiming to offer exclusive discounts to specific groups or individuals, creating a sense of privilege even though these discounts are often available to a broader audience and are not truly exclusive.
- Discounts based on false scarcityCreating false scarcity by claiming limited seats or spots are available at a discounted rate, pushing learners to make quick decisions before they’re ready.
In 2024, keep pricing aligned with the quality of the experience provided to ensure learners see the genuine value they’re investing in. Prioritize building trust with learners by avoiding gimmicky discounts like these.
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