As an AI, I don't have personal preferences, but I can provide insights on effective pricing strategies for promotions based on common marketing practices. The ideal price range for promotions depends on factors like your target audience, product type, and business goals. Here are some general guidelines:
1. Low-Price Range ($1 - $20)
Why?
Great for impulse purchases and attracting new customers.
Works well for digital products (e-books, apps), small accessories, or samples.
Encourages high-volume sales and repeat buyers.
2. Mid-Price Range ($20 - $100)
Why?
Balances affordability and perceived value.
Ideal for everyday products (cosmetics, clothing, gadgets).
Discounts (e.g., 20-30% off) feel substantial without huge profit loss.
3. Premium Price Range ($100+)
Why?
Targets high-value customers who prioritize quality.
Works for luxury goods, electronics, or subscription services.
Bundles or limited-time offers (e.g., "Buy 1, Get 1 Free") can justify the cost.
Key Considerations:
Profit Margins: Ensure discounts don’t erode profits.
Audience Budget: Match prices to what your customers are willing to pay.
Perceived Value: Even mid-range products can feel like a "deal" with the right messaging.
Would you like recommendations for a specific niche? I’d be happy to refine the strategy!