Why do so many people seem to think 50% off is a good offer?

They can’t think that 50-60%is a reasonable offer. I’ve taken one or two 50% offers before and they were on pieces that were in fair condition. To me, a reasonable offer means 20% most of …

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Why Do So Many People Seem To Think 50% Off Is A Good Offer?

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They can’t think that 50-60%is a reasonable offer. I’ve taken one or two 50% offers before and they were on pieces that were in fair condition. To me, a reasonable offer means 20% most of …

reddit.com

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The Lure And Lore Of 50% Off: Decoding The Psychology Of

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Feb 6, 2024 · Quality over Quantity: Sometimes, opting for a higher-quality item at a regular price is better than buying two lower-quality ones at 50% off. Prioritize quality and durability over …

colocalnews.com

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Why So Many 50 Percent Off Offers? : R/Flipping - Reddit

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Seriously. No matter how fair the price, in will come 50 percent off offers like a big tidal wave. I've even played with it and posted oddball prices like $37 and sure enough, in come offers that try …

reddit.com

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The Rule Of 100: The Psychology Behind Special Offers And Sales

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Aug 1, 2018 · Others are expressed as “relative” (or percentage) discounts, like 5% off or 50% off. You might not think it, but how a promotion is framed does in fact influence how a discount is …

medium.com

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Sellers>> Is 50% Off A Lowball Offer? : R/BehindTheClosetDoor

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I think it really depends on the seller, how the item is currently priced, the condition and availability. Naturally, a NWT item that is still available on the market that is already priced …

reddit.com

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The Psychology Of Discounts: Understanding Consumer Behavior …

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Jul 13, 2023 · The larger the discount, the greater the perceived value. For instance, the 2 Visions report states, “Shoppers are approximately 2x more likely to purchase a product with a 20% …

retailwire.com

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The Psychology Of A Discount - Simon Data

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A common question is whether price promotions should be presented as an absolute discount (e.g., "$2 off") or a proportional discount (e.g., "20% off"). Framing discounts in terms of …

simondata.com

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Eli5: Why Would A Company Choose To Do BOGO Vs. 50% Off Sale

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What marketing strategy is at play when companies choose to do buy one get one versus 50% off when they both result in the same price per unit? ... people think "free" sounds better than …

reddit.com

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“Is 50% Off Really A Deal? Understanding The Truth Behind Big …

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Sales promotions, particularly those boasting hefty discounts like "50% Off," are a powerful tool used by retailers to attract shoppers and boost sales. Skip to content. Aug 17, 2024. The …

makeshoppingeasy.com

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Should You Offer 50% Off Or ‘Buy One, Get One Free’? - Medium

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Nov 15, 2019 · But Why Do People Prefer It? Framing. The reason for this could be buyer perception. In ‘buy one, get one free’, you’re forcing the prospect to take action before they get …

bettermarketing.pub

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50% Off Isn’t A Good Offer : R/Depop - Reddit

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Some people might be okay with 50% off if they’re just people closer cleaning but if you’re selling as a professional for a living 50% off offers are just outright declines. BUT I also strongly …

reddit.com

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Why Would A Grocery App Offer 50% Off Any-size Order?

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Jul 26, 2022 · I just received (and used) a promotion for a new GoPuff competitor (category of food delivery apps that use strategic hubs to provide rapid delivery of food and convenience …

straightdope.com

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50% Off: Why That Deal Isn’t As Good As You Think - WSJ

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Faced with competing discounts, consumers choose the pricier option or overestimate a bargain

wsj.com

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Why Do Most People Seem To Decline Offers Instead Of ... - Reddit

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To me it's an app designed around offers and I write these listings knowing that people can offer up to 25% off, so I price with that margin in mind. If I wasn't willing to do that and deal with …

reddit.com

FAQs about Why do so many people seem to think 50% off is a good offer? Coupon?

What is the difference between a $50 & 15% discount?

One offers $50 off of a product, while the other offers 15% off of the same product. For the sake of simplicity, we’ll say these offers can be applied exclusively to a couch that costs $350. Which offer is the better deal for the customer? Which deal will perform better for the retailer? ...

Is a 50 off coupon a good deal?

And yet, the $50 off coupon is of a higher perceived value for most consumers because 50 is a larger number than 15 and because the offer itself doesn’t require buyers to do complex math. Instead, customers can immediately see what their discount will be and the impact of the promotion. ...

Should you offer a discount on a product over $100?

However, similar to our $350 couch example, the opposite can be true about a promotion on a product over $100. For example, comparing a 25% discount to a $30 discount on a $150 product – I would predict that the $30 discount will perform better, even though the actual savings is $7.50 less. ...

Is 25% off a good deal?

Nope. Turns out consumers find the discount more attractive, and are more compelled to purchase, when it’s 25% off (compared to $5 off). While the two discounts are the same economically, they don’t feel the same psychologically. One feels bigger than the other. ...

Is a 20% off promotion better than a $5 off promotion?

For the $20 product, I would predict that a 20% Off promotion would perform better than a $5 Off promotion even though the absolute dollar offer has additional dollar savings for the customer. However, similar to our $350 couch example, the opposite can be true about a promotion on a product over $100. ...

Why is half off a good deal?

The reason for this could be buyer perception. In ‘buy one, get one free’, you’re forcing the prospect to take action before they get a deal and the initial purchase is marked at full price. However, with half off, the initial item is seen to be 50% less than it normally is. People perceive it as a better deal. ...