What are the surprising things that would get people to pay 10-20% or even 100% more for your product?

Question

Divyesh Patel · Answer

1. The presentation (How you market the product)

2. Unique features of the product

3. Add a gift voucher with the product

4. Quality

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN · Answer

A typical style in presentation and introduction of a product in the market among the mass.

Merely because of mass psychology

A product which is of immediate use and a new concept

Attracted by the colour/colour combinations/child-hood attractions, fascinations

Gifting requirements/Artistic values..........

Kshitij Kulkarni · Answer

Packaging, Product Placement (market Segmentation) & Brand Power! The only way to gain POWER & hype prices of a product!

mohamed Hakim CMA CPA Candidate · Answer

New different beautiful look of product

Very good quality and healthy

Rola Dawood · Answer

addiction of being the first of friends for example who want to own a particular thing.

For eg. A mobile phone.

padmakumar pathiyil · Answer

There are so many reason for a customer to pay more for your product. some of the reasons are

1. Demand for the product

2. Long term credit facilities offered by the supplier.

3. Durability of the product.

4. Quality service rendered by the supplier.

5. Replacement warranty for the product supplied.

6. Brand image of the product

7. Regular promotions and incentive structure to the dealers

8. Product supplied on consignment basis

9. lenient payment terms

10.If there is a local stockist for the product.