Why You Buy

Written by Steve Gillman


Behavioral economics is a new science that sheds light on some of our most important decisions. It isrepparttar study of how and why people make money-related choices. Here are some of repparttar 140891 thingsrepparttar 140892 studies have shown thus far:

Decision Paralysis

One study showed that customers spent more when given four samples of jam to taste than when they had twenty to choose from. Too many choices seemed to lead to an inability to decide. Limiting options may be a useful sales technique, according to this research finding.

Sunk-Cost Fallacy

People are more likely to attend an event if they paid for repparttar 140893 ticket than if they got it free, even withrepparttar 140894 same information and interest. The money is spent, and logically has no relevance torepparttar 140895 decision, but this phenomena of behavioral economics persists even when this is pointed out. Aren't most of us going to feel worse throwing away a ticket we paid for?

The applications are obvious, if you look. Perhaps, for example, rather than giving away tickets to "get rich" seminars,repparttar 140896 organisers would get better attendance by selling their "$100" tickets for $3. Just having paid something makes people more likely to attend.

Ad Copy Secrets Of The Rich And Not So Famous

Written by Dan Brown


1. Use a hand written letter on your ad copy instead of text. Writerepparttar ad on a piece of paper, scan it and publishrepparttar 140799 ad on your web page. Adding a personal touch will always increase your sales.

2. Publish a list of famous and respected customers who have bought from you on your a copy. People will think that if these people bought from you, they should also trust your business and purchase your products. Make sure to get their permission first.

3. Show before and after photos for your products on your web page copy. Showrepparttar 140800 problem picture and then beside it, showrepparttar 140801 picture ofrepparttar 140802 resolution torepparttar 140803 problem when they use your product.

4. Include an article or review that has been written about you or your business with your ad copy. This will show people that your business is respected and will increase your credibility. 5. When you offer free bonuses in your ad copy, also listrepparttar 140804 dollar value beside each bonus. People will feel they're getting a good deal and it will increaserepparttar 140805 value of your product.

6. Hire a famous person to endorse your product or service. Make surerepparttar 140806 person is well known to your target audience. Include their picture and statements on your ad copy.

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