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
 7 Hours

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