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How Buy One, Get One Can Improve Your Sales

Wiser

According to behavioral economics researcher Dan Ariely , shoppers generally overvalue the benefits of “free” even when compared to higher-quality items at a discounted price. We see this happening in the retail industry all the time. Advertise on Multiple Channels. Benefits of Buy One, Get One. profit from selling one.

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Guide to Omnichannel Pricing

Wiser

But one aspect of this unified retail experience that gets tricky is omnichannel pricing. Depending on the specific retailer, price parity or channel-based pricing may be most effective. . Shoppers have more information than ever at their fingertips. Pricing optimization is never over.