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Demonstrate Per-Day Cost
Break down monthly or yearly subscription costs into daily equivalents to make prices seem smaller and more affordable. This leverages the anchoring effect, where users perceive smaller daily amounts as more reasonable.
Best Practices
Display the daily cost prominently alongside the total price. Use clear, simple language to explain the breakdown.
Examples
A streaming service shows "$5/month = $0.16/day" to emphasize affordability.
Psychology Behind This Test
Perceived Value Pricing / Psychology of Consumption Anchoring EffectÂ
Medium
What would be the impact on conversions?
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