Course Outline
Introduction
Overview of Pricing Psychology for Government
- The significance of pricing in public sector contexts
- The impact of the number nine on consumer perceptions
- Strategies for price anchoring
- Methods for inviting price comparisons
Selecting Appropriate Pricing Strategies for Government
- Audience-matching approaches to pricing
- The influence of the 99 effect in public sector pricing
- Comparing the effectiveness of 95 versus 99 endings
- Avoidance of odd-ending prices for clarity and transparency
- The precision effect in government pricing decisions
- Ego pricing considerations for government services
Presenting Prices to Consumers in the Public Sector
- The syllables effect on price perception
- The impact of adding cents to prices
- The role of commas in price presentation
- The verticality effect in displaying prices
- The male-red effect and its implications for government pricing
Framing Strategies for Pricing in the Public Sector
- The pennies-a-day effect in public sector pricing
- The spare change effect and its application for government
- Gain-framing strategies with 9-ending prices
- Time framing techniques for government services
Presenting Products to Consumers in the Public Sector
- Strategies for providing compromise options
- The decoy effect and its use in government offerings
- The descending order effect in product presentation
- The anchoring effect in public sector pricing
Offering Sales and Discounts in Government Services
- The subtraction principle for discounts
- Ensuring ease of discount computation for transparency
- The effectiveness of percentage-based discounts in government programs
- The impact of relative size and distance on discount perception
- The verbal matching effect in public sector pricing
- The influence of vertical and horizontal positioning of prices
- The left and right digit effects on consumer perception
- Setting appropriate discount limits for government services
Managing Additional Charges in Government Services
- The use of partitioned pricing in public sector offerings
- Strategies for presenting surcharges to consumers
- The role of surcharge amounts in consumer perception
- The consolidation effect of surcharges in government services
- Reversing partitioning strategies for clarity and transparency
Summary and Conclusion
Requirements
- A foundational knowledge of sales, marketing, and pricing strategies for government
- An interest in psychological theories and research applicable to business operations
Audience
- Entrepreneurs focused on public sector opportunities
- Marketing professionals working in or with governmental agencies
- Sales personnel engaged in government contracts and procurements
Testimonials (3)
Irma was attuned to us as learners and our business needs. It was clear that she was actively listening to us from the informed feedback she then provided.
Siobhan - Raintree
Course - Digital Marketing for Software-as-a-Service (SaaS)
Responses with solutions and practical use.
Agnieszka - AIRBUS HELICOPTERS POLSKA SP. Z O.O.
Course - Google AdWords: Beginner to Advanced
She was able to answer everyones questions easily...Clearly indication of her expertise.