Price Bundling
Pricing Bundling Examples
- Detergent and dryer sheets
- New phone with a data plan
- Bake at home pizza and a large soda
Deeper Insights
For example, mobile phone retailers frequently bundle the prices of several products and services together for their new customers. They offer the phone itself with a package that also includes the 2-year phone plan, internet access, and phone charger. This bundle benefits the customer because it provides them with all the tools they need for their phone all at once and it benefits the mobile phone retailer because they are selling the customer supplementary products and services other than just a phone.
The main appeal to sell things in a bundle is that you can introduce new or complementary products packaged with a consistent high seller. Many businesses do this to try to promote new products and get customers intesrested enough to buy more.
Related Blog Posts
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Related Keywords: Pricing Strategy, Revenue Optimization, Product Bundling, Price Bundling, Pricing, Optional Product Pricing
