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Pricing Rules for Rounding Off   How you end your price has more to do with human psychology than practicality. People buy


on human emotion rather than rational logic. The following are several rules developed by price expert Erin Mitchell, President of the Pricing Society Tip # 1 - For prices up to $10 use endings such as $.99 rather than $.95. Customers reactions are the same for both price points and the $.99 garners you four more cents. Also, prices ending in odd numbers such as .34 are confusing to people and may cost you sales.   Tip # 2 - For prices from $10 to $100 the best ending to use is $.95 rather than $.99 because the $.99 is seen as a "greedy" price.   Tip # 3 - For prices greater than $100 its better to present your price in whole dollars rather than cents. Its a cleaner look. Tip # 4 - Pricing for professional services should be in whole numbers such as $150 rather than $139.95. Its more professional and promotes dignity and confidence in your fees and rates.   Advertise Your Price?   I often get the question of whether to advertise price or not. This has been an ongoing debate for years. I recommend not advertising your price unless it is surprisingly low. Youre limited as to what you can do to build value in an average size advertisement. Displaying a high price without first building value is a losing proposition.   If youre running a sale, just advertise the discount amount rather than the price. For instance, advertising "20% Off" or "Take $1,000 Off", rather than showing the actual price, can get people just as excited as showing a low price - without showing the actual price. Price Gimmicks that Work   All you have to do is open the paper to see a lot of price gimmicks that retailers use to lure people into their business. I could have listed a dozen gimmicks but Ive limited it to five common ones.   1. The $1.00 Gimmick   The $1.00 gimmick is my favorite and is very powerful. It includes advertising a product for the "almost free" price of $1.00. Tell your consumers to call or come in and find out how to get your product for only $1.00.   Your average consumer knows that this is a gimmick but its so intriguing that many come in just to see what the catch is. This is especially effective if the $1.00 product has value. Currently, a friend of mine is offering a marketing course to insurance professionals for $1.00 using a postcard marketing campaign.   However, to get the marketing course for $1.00 they must purchase his $300 marketing