#UserTesting Gives your business exactly what it needs to scale. We provide authentic, truthful, and unbiased feedback for your products and also help you fix the hurdles that come up. In short, a complete package to make your product/ service a hit!
Short forms that only ask for necessary information can reduce checkout abandonment rates.
Almost 40% of mobile users abandon checkout due to difficulties in inputting personal information.
Bundle your products or services to give customers more value for their money.
Tailor your pricing approach according to your customers' price sensitivity thresholds.
Gradually phasing in price increases can help customers adjust, without losing them. → Take a cue from @netflix
❌ Don't miss out on revenue opportunities by ignoring the importance of price analysis in e-commerce! ✅ Gain a deep understanding of how your pricing affects consumer behavior and use data to develop a pricing model that works best for your brand.
Want to stay ahead of the competition in e-commerce? → Analyze price sensitivity! By identifying optimal price points and considering factors like cost and demand, you can develop a pricing model that maximizes revenue while staying competitive.
One TIP to measure pricing sensitivity is to compare your product's pricing with a lower or higher-priced alternative and ask customers which they'd be most inclined to buy and why.
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