Discounts or Deceptive Pricing ?
I have been following new-age Consumer Electronics brands for a while now. On average, every SKU screams "45% off!" while established players barely have any. Sure, it lures budget-conscious tech people, but at what cost? What baffles me more is these companies are profitable, with mass reach they will achieve economies of scale which would make them more profitable. Discounting every SKU breeds a "sale-or-bust" mentality. Customers get hooked on that 50% fix, and your brand becomes synonymous with slashed prices. Raising prices later? Forget it. You've anchored them at the discounted value, and any upward revision feels like a betrayal. Have you ever bought a gadget at a mind-blowing discount? Did it change your perception of the brand?
Kepler
Stealth
8 months ago
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