Pricing
Tactic
Distinguish the Most Expensive Option
Customers evaluate this option first, so this price becomes an anchor point for the subsequent prices.
Overview
Marketers can boost revenue by sort prices from highest to lowest (Suk, Lee, & Lichenstein, 2012).
But this rigid sequence is unnecessary.
The real effect stems from the order in which prices are evaluated. You could achieve the same effect by adding a visual distinction to the most expensive option. Customers evaluate this product first, which inflates their reference price. All of the adjacent prices will seem cheaper.
Caveat: If the expensive plan only satisfies a tiny segment of customers, then emphasize a more popular plan.
- Suk, K., Lee, J., & Lichtenstein, D. R. (2012). The influence of price presentation order on consumer choice. Journal of Marketing Research, 49(5), 708-717.