This is an easy Product Countdown WordPress Plugin for WooCommerce. With a countdown displaying on your products you create something like a scarcity mentality in people. It can create a feeling of fear, anxiety and maybe desperation just because they see that the price will rise in a specific period. It also make someone think that s/he has got only one shot right now. Buying a product then relieves much of the pressure (and the feeling of fear).
Demo: http://codecanyon.net/item/product-countdown-wordpress-plugin/4929462
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