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Podcast: My Digital Farmer Podcast
Episode: 316 Why Your Middle-Priced Product Sells Best: The Compromise Effect Explained
Description: Have you ever noticed how your mid-tier product seems to sell the best? That's not an accident. This week I was researching pickleball memberships at Toledo Pickleball Club! And I noticed that I was drawn to a specific "tier" of membership from all the choices. And although it wasn't cheap, I still felt good about spending that much. There's a fascinating bit of sales psychology called the "compromise effect"—and today, we're going to unpack what it is, why it works, and how you can use it to increase sales of specific items in your farm's product suite. Your homework is...