Shop Talk: Practical answers for tough business questions

by : 
Kim Perkins
March 1, 2011

Question: When pricing items that do not come pre-priced, are there certain prices to avoid and others that are proven to sell well?

Answer: As a general rule, we avoid odd numbers and usually price at an even number, or an even number plus $.95 or $.99, such as $18.95. I’m not sure there is any proven science to answer your question, but it is true that, psychologically, $19.95 sounds less than $20, and items sell better priced at $12 or $14 than at $13.

Kim Perkins is co-owner of Elysian Fields Books & Gifts for Conscious Living (www.elysianfieldsonline.com), an award-winning store in Sarasota, Fla. Send your retail questions to shoptalk@retailinginsight.com.