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Join Date: Jul 2003
Posts: 4,247
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It's $10, not $9.99, OK?
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05-29-2004, 10:37 AM
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So true - the sad thing is sometimes the penny-dollar difference can make a difference in whether someone buys something or not.
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Modes of Transportation: 1984 Porsche 911 Targa 2003 VW Jetta GLI |
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05-29-2004, 11:30 AM
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Dog-faced pony soldier
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Yep. The only reason things are the way they are is because people are stupid enough to let it work that way. Personally I agree with the article and feel that someone charging me $9.99 for something because it'll "make me believe" I'm spending only $9.00 is an insult to my intelligence, but business doesn't care about that. They'll insult 1,000 people to get that one or two extra sales from the idiots that drag the rest of us down.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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05-29-2004, 12:05 PM
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I'm off the hook.....
Join Date: Oct 2001
Location: 22 miles south, then 11 miles west of LAS
Posts: 2,895
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I think I remember that it was J.C.Penny or Sears that started that nonsense.
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No, I don't sing. Based there for too long. |
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05-29-2004, 12:11 PM
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Student of the obvious
Join Date: May 2000
Location: Phoenix
Posts: 7,714
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What about gas prices... $2.15 + $.009 Who came up with the 9/10 of a penny stuff anyway?
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Lee |
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05-29-2004, 12:15 PM
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Those tenth of cents add up...see the movie Office Space.
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05-29-2004, 12:24 PM
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Dog-faced pony soldier
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There's actually a Congressionally-created 1/10 of one cent called a "mill" that is legal currency (it's recognized under U.S. law), although the U.S. Treasury department has never minted a coin for one.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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05-30-2004, 12:17 AM
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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 37,688
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My grandfather was an ad man and dabbled (sucessfully) in mail order. He would advertise the same product in different markets at different prices. Due to the "ring" of certain numbers, he many times sold the product at a much higher figure. He just kept testing until he found the sweet spot. He found some real dead spots as well. For instance, I think I remember that one product was put out at $33.95 and $39.95. It sold better at 39 (the figures may have been different).
Ever noticed that practically everything hawked on TV is $19.95? And you get two of them plus a "free" premium. It's a freakin' science. Don't look for $9.99 to go away. |
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05-30-2004, 06:09 AM
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Registered User
Join Date: Jul 2003
Posts: 4,247
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and what's the deal with "only 3 payments of $19.99", another insult to our intelligence.
they are counting that all the stupid people will actually think that "3 payments of 19.99" is a lot cheaper than $59.97 
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05-30-2004, 07:42 AM
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Kantry Member
Join Date: Feb 2001
Location: N.S. Can
Posts: 6,801
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The $*.99 thing started in Chicago in the late 1800s, early 1900s. A newspaper man, trying to drum up sales for his new paper, (cover price 1 cent) convinced a number of shops to drop a penny from their price in order to put more pennies in people's pockets...at least according to The Rest Of The Story. And, yes, a lot of people are THAT dumb.
Les
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Best Les My train of thought has been replaced by a bumper car. |
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05-30-2004, 11:29 AM
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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My last vacant rental was listed at $1145. Others are $995, $1195, and some are $825 or $850. If it works, so be it. If not, so be it. If someone is going to get hung up or insulted by the psychology of pricing, then they're probably too anal or too bored to be interested in one of my properties.
Who cares? jurgen |
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05-30-2004, 06:23 PM
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1984 Porsche 911 Carrera Targa 3.2 L
993 Cab
