Lesson details

Psychology and pricing might seem an odd pair, but chances are, you've unknowingly encountered and responded to psychological pricing structures. Think of tiered pricing where a premium option offers more value for a higher cost-it's all rooted in psychology. Consider a bundled package with a burger, fries, and a toy-it's more appealing than just a burger and fries, even if the bundle is pricier.

In this online lesson about pricing psychology Fabian Bartnick will explain how psychology can play a factor when it comes to pricing and increasing revenue. 

What you'll learn in this lesson, Pricing psychology

  • How psychology can be used in pricing to bring in more revenue¬†
  • Pricing is not only a price point to your guests

Instructor

Community Experts
Typsy Community Experts are hospitality professionals from around the world who are passionate about the industry, have know-how and something to say, and want to share it with people across the globe.
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