blog.1.image
Articles
Jan 29th, 2021

How Retailers Use Personalized Prices to Test What You’re Willing to Pay

Founder
Founder

Orbitz, the travel website, offers slightly different prices to customers who are shopping through its app or a computer, and even between two different users on the same platform. Some of this may be due to experimentation and testing, but it’s also a sign that web retailers are using technology to try to offer personalized pricing — a practice some might consider a form of price profiling. The goal of this practice is to try to identify an individual’s willingness to pay and adjust the price upward or downward to maximize profits. It’s something shoppers should be aware of as more purchases are made online.

Have you ever looked up flights or hotels on an app on your phone, only to open your laptop and see different prices?

See The Original Blog:

https://hbr.org/2017/10/how-retailers-use-personalized-prices-to-test-what-youre-willing-to-pay?fbclid=IwAR23Q36LplghpdpdW4FetLxUwZa0fvYo_bDviNy7hS3V3H9_M2_akfzQDW4

More great articles

blog.5.image

Nine professional skills that pay off forever

The further along you are in your career, the easier it is to fall back on the mistaken...

Read Story
blog.5.image

The Swedish CEO Who Runs His Company Like a CrossFit Gym

Henrik Bunge, the CEO and self-titled “Head Coach” of the Swedish sports fashion company...

Read Story
blog.5.image

The Surprising Power of Questions

Asking questions is a uniquely powerful tool for unlocking value in organizations: It spurs...

Read Story

Never miss a minute

Get great content to your inbox every week. No spam.
Only great content, we don’t share your email with third parties.
Icon