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Will you pay more for those shoes before 7 p.m.? Would the price tag be different if you lived in the suburbs? Standard prices and simple discounts are giving way to far more exotic strategies, designed to extract every last dollar from the consumer.

  • VM

    Vijay Mandeep

    almost 2 years ago #

    It's about the numbers that these retailers play around, tapping into the psychological aspect of the consumer's need and demand. You would often come across the price of a product fluctuating or is time bound. But actually, that is a projection for attracting more consumers. Retailers are keeping a tab on your online shopping habits which include the time of the day you purchase, frequently product category and the brand, the device you use and the location etc.

    They also give you an option to set an alert for any product to notify you when the product hits an all-time low. However, it is subjected to how often you visit and check the price of that product.

    Here's an article that I wrote about how e-tailers leveraging mobile shopping habits - https://clevertap.com/blog/how-to-leverage-mobile-shopping-habits-for-better-user-engagement/

  • TC

    Tad Chef

    almost 2 years ago #

    I'm not sure this is really good news for businesses. When your pricing is fluctuating all the time you look very unreliable. Also as a consumer it makes me wary. I don't buy immediately these days.

    I bookmark a product on Amazon and wait until the price drops. I once bought shoes for 17€ that are sold for 109 and more now. The Amazon pricing is really volatile.

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