5
2 Comments

Tip: Raise perceived value by ignoring good features and promoting only the very best

When it comes to presenting your product's features, less is more. Increase the perceived value of your product in sales pitches, marketing content, etc. by showcasing only the best that you have to offer.

You might think you should showcase everything that's good about your product, but you'd be wrong. One study found that customers were willing to pay 36.7% more for a product when only the best features were displayed. As it turns out, the overall perceived value is often diluted by good features when they're showcased alongside excellent ones. So consider removing those good-but-not-great options from your sales pitch, website, marketing content, and just about anything else — your lead can learn about those once they're further along in the buying process. If you just can't part with them, though, the study showed that you can reduce the effect by encouraging the person to look at the big picture and add up all the individual benefits.

More 30-second growth tips?

We share a tiny, bite-sized tip for growing your business a few times a week. Click here to see more and get Growth Bites in your inbox 👌

    1. 2

      Thank you!
      This is a bias that comes naturally, so we really need to consciously fight it and always keep it in mind. It makes a big difference.

Trending on Indie Hackers
After 10M+ Views, 13k+ Upvotes: The Reddit Strategy That Worked for Me! 32 comments 🔥Roast my one-man design agency website 18 comments Launch on Product Hunt after 5 months of work! 16 comments Getting first 908 Paid Signups by Spending $353 ONLY. 14 comments Started as a Goodreads alternative, now it's taking a life of its own 12 comments I Sold My AI Startup for $1,500 and I'm Really Happy About It 11 comments