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Use a Decoy Product to Influence Purchasing Decisions
Adding a higher-priced decoy product makes mid-tier options seem more valuable.
Best Practices
Ensure the decoy is priced significantly higher but offers minimal additional value.
Examples
1. A software company offers Basic (10),Premium(10),Premium(20), and Pro (50)plans,withProactingasthedecoy.<br>2.AcoffeeshopoffersSmall(50)plans,withProactingasthedecoy.<br>2.AcoffeeshopoffersSmall(3), Medium (4),andLarge(4),andLarge(7) sizes, with Large as the decoy.
Psychology Behind This Test
Decoy Effect
High
What would be the impact on conversions?
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