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Picture
People find it very hard to resist anything they can obtain for free.

According to Dan Ariely, a lot of irrational human behaviour can be put down to a hatred of the prospect of wasting money. He offered students a Hershey's Kiss for 1 cent or a (large, delicious) Lindt truffle for 15 cents and most of them went for the truffle (a much better bargain). But if the Hershey's Kiss was free and the Lindt truffle was 14 cents, most opted for the Kiss.

If something is free there is absolutely no risk of wasting money from a bad decision and people heavily favour this option. The idea of getting something for free is extraordinarily motivating. This explains why 'buy one get one free' promotions are much more attractive than '50% off'.

What to learn more? Try asking Virtual Dan White.
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  • Home
  • Books
  • Illustrations
    • Marketing
    • Brand Development
    • Brand Experience
    • Innovation
    • Communications Strategy
    • Media Roles And Characteristics
    • Creative Content
    • Pricing & Sales Promotion
    • Measurement
    • Data and Analysis
    • Brand Review & Planning
    • Brand Extension
    • Mental Processes
    • Business >
      • How Creativity Delivers Competitive Advantage
    • Business Story Telling
    • Case Examples
    • Wellbeing
    • People Skills
    • Life Hacks
  • Articles
  • Media
  • Services
    • Consultancy
    • Speaking Engagements
    • Training for B2B Professionals
    • Market Research Training
    • Visualisations
  • Merchandise
  • Contact