1) Hugh Discounts and $1000’s Off Specials
This is a very common advertising gimmick…and that’s exactly what it is…a gimmick. Most hearing aid manufacturers set their “Suggested Retail Price” much higher than what any provider actually charges. For example a particular hearing aid may have an MSRP of $5200 and have an average actual everyday selling price of $3200. $3200 is the average price you’ll pay if there is a “big sale” and $3200 is the average price you’ll pay with no sale. The high MSRP allows providers to advertise a $2000 discount to make you think you are getting a “great deal”. Look for a provider whose pricing philosophy is “Everyday Fair Pricing” and whose focus is on doing the procedures and services that will increase your satisfaction.
2) Limited Time Specials…3 Days Only
This tactic is designed to get you in a provider’s office so they can “put the hard sell on you”. This provider will make you think you have to order your hearing aid today in order to get the special price. In fact is that the deadline is artificial and the special price is based on MSRP and is not really special. This is just a pressure tactic.
3) Very Low Prices Advertised in a Big Bold Size
This gimmick has a provider advertising very very low prices in big bold numbers. The words “starting at” are sometimes present but always minimized. When you actually go into their office you might be surprised that the hearing aid recommended for your loss costs hundreds or even thousands more than the advertised price. Sure there are hearing aids available for $399, but they use old technology and will only be appropriate for a very small percentage of clients. In short, you get what you pay for and you should expect good hearing aids to start around $800 to $900 and go up to $3500 for the most sophisticated technology in the smallest instrument.