Many people would recoil when it comes to dishing out $50 for a T-shirt. But what if you were also shown a $25 T-shirt and a $100 T-shirt? Suddenly the $50 T-shirt doesn’t seem so pricey anymore — and if you want to balance price and quality, it seems entirely reasonable. Chances are the retailer wants you to choose a certain one and will price one of the other options — the “decoy” — in an excessive way that will steer you back to the ‘more reasonable’ option.
The easiest way to get around this is to set a budget before going out shopping. If you decide that $35 is the max you are willing to pay for a new top, then no matter where they place the more expensive one or the less attractive one, if it’s more than what you want to pay, the positioning has no meaning.
Strategic Store Layouts
Even the most faithful Ikea enthusiasts will reveal how hard it is to navigate the maze-like store. Want to sound smart? It's called the "Gruen effect" — the simple idea behind this is that exposing you to more products will encourage you to purchase even more products. You can also see this in action at your local supermarket, where you'll need to cross through as much of the store as possible to get that gallon of milk tucked away in the furthest back corner.
Another thing Ikea does very well, is the exhibition rooms at the front of the store, making you see how beautiful the sofa you want to buy, will look with four exquisite cushions, for $65 apiece.
That’s a Big Swing
If we do the math here, one Mb equals 1000k, so if their minimum speed is 256k, it could vary by 1000 to 2000k. Technically, that means the speed could just be 0. We don't want to call this broadband provider out for being dishonest, but if it wasn't for this asterisk, they should definitely be charged with intent to commit fraud with a misleading statement.
Next time we suggest knocking on someone's door, you know is connected to the internet provider you are thinking o joining, and see for yourself how things run. That is the only way to get accurate information. Honesty is beyond them.
Deals with Multiples?
Supermarkets love to show off their deals like "10 for $10" or "3 for $6." The reason is quite apparent: Shoppers tend to buy more, sometimes a lot more, than they need to maximize on this "deal." This often holds true even when the store doesn't require shoppers to buy ten cartons of yogurt, for example, to get them for $1 each — simply because of the power of suggestion.
Just think of it. A shop makes $0.30 profit on every $1 you spend. Selling something for cheaper by bulk might decrease their profit of one item, however, increases their over-turnover which eventually results in making loads of money. Buy only what you need.
Vanity Sizes
Is a size eight really an eight? Or is it closer to a 10, or even a 12? Many clothing brands have been putting smaller-size labels on larger-cut clothes for a while now, and while it can make figuring out what size you really are a headache in any given store, the practice shows little sign of slowing. To put it simply, fitting into a smaller size makes shoppers feel good, and shoppers who feel good are more likely to buy.
And where are they going to buy? At that same shop that made them feel good. No two 10-sized from two different brands are the same size, so if you are a brand owner, remember to do whatever you can to make customers feel good. Even if it men lying about the actual size of your clothes.