What is tiered pricing and how does it work?
An example of an AI chatbot conversation about tiered pricing models and their benefits.
What is tiered pricing and how does it work?
Tiered pricing is a strategy where the price per unit decreases as the quantity purchased increases. It encourages bulk buying.
Can you give me an example of tiered pricing in action?
Sure! A common example is a subscription service that charges $10 for 1 user, $25 for 3 users, and $40 for 10 users.
What are the benefits of using tiered pricing?
Benefits include increased sales volume, attracting different customer segments, and encouraging customers to buy more.
Are there any downsides to tiered pricing?
Yes, it can confuse customers if not clearly communicated, and it may lead to lost revenue if the tiers are not well-structured.
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