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HouTex
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Are "list" prices believable? How do you know you're getting a bargain? (Take a Poll)

submitted on August 5, 2014 by HouTex in "Sales / Promotions"
We were having a chat on a couple of deals about how high the posted "original" prices were. So I thought I'd create a discussion topic so others can join in.

Buxr has a blog post about that very subject:
"When Nobody Pays Full Price, How Much Are You Really Saving?" at http://www.buxr.com/blog/2010/.....ly-saving/
Item #3 in that post addresses the inflated "original" or "list" prices that sites use to make shoppers believe the discounts are more substantial. They’re using a strategy called “anchoring” by creating an artificial reference point, quoting a high retail price that few people ever pay.

But here's another good article about how inflated "original" prices can still serve a useful purpose, by giving shoppers a reference point for value comparison - http://business.time.com/2013/.....aningless/

Some retailers post both the MSRP as well as the price the item sold for on their site before the discount. I find that more accurate. What do you think? Take the poll and add your opinion in the comments.
1. Are the "original" or suggested retail prices believable?
 Yes
 No
2. Do you think any products were ever sold at the higher prices?
 Yes
 No
3. Does the MSRP or "list" prices have any value for comparison?
 Yes
 No
 or See Results 

        

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  Comments
  • 202098
    mdshopper1
    master
    1 2
    12 10 2
    Posted by mdshopper1 on August 5, 2014
    [reply] 2 0
    houtex.....for all of the questions you should have added the option "sometimes" because yes i think that sometimes the msrp are believable, sometimes that the products ere sold at higher prices, and sometimes the msrp can have a comparable value.
    i voted yes to all because "sometimes" was not an option.
      202100
    • HouTex
      admin
      Posted by HouTex on August 5, 2014
      [reply] 1 0
      Thanks, mdshopper1. I'll have to remember that for next time. This isn't the first poll where voters wished I had included "sometimes."

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