Posts Tagged ‘best home businesses ROCK’
Making Money Ideas Good for Business Life but Not In Social Life
Question
Why do you think that when the wait person places the check on the table, the check is face down?
And that the person who picks up the check makes a point to keep the amount of the check out of conversation?
Answer
The two worlds of social norms* and market norms** collide when payment is offered for something that is part of our social life.
Were you even aware that there were vast differences in the way we handle business situations as opposed to social situations?
Conclusion
When you are at a dinner or social situation in a restaurant or coffee shop, even in the context of a business meeting, placing a price tag on the event, which is normally a social event, is a violation of how we handle social situations.
If we place a dollar amount on that social situation it becomes more of a business transaction, and people get very uncomfortable if the two areas are mixed.
You can still pick up the check, just be low key and never mention the amount.
Offer
You can get ahead in this life and I can help.
If you want to learn more about where my training is coming from, leave your name and email address in the box on this page or at http://DianeNeillJensen.com
*social norms = “friendly requests people make of each other.” “…provides pleasure for both (parties)…does not require reciprocity not immediately required.”
**market norms = “wages, prices, rents…” “imply comparable benefits and prompt payments.”
One of Many Great Making Money Ideas…Offer Something Free
What if
What do you think would happen if you used the following making money ideas to bring customers into your business:
Offered your business clients a discounted trial offer of 50% off the regular price of a $29.95 book, or an ebook version worth only 25% of that same for free?
Invited your coffee lover customers the choice of a free cup of coffee a week, or 50% off their morning coffee for a month?
Offered your home buying client a free washer and dryer to encourage them to purchase the house that costs $10,000 more than the other house of the two that the client was having a hard time deciding upon?
FREE works
Any free offer trumps an offer that has a savings of even more than that of the free offer, if we are “Predictably Irrational”, as proven in Dan Ariely’s book of that title.
Use this proven fact to your advantage, as many are doing online these days in order to entice possible associates to learn more about your business.
Conclusion
You can get ahead in this life and I can help.
If you want to learn more about where my training is coming from, leave your name and email address in the box on this page or at http://DianeNeillJensen.com
I hope to hear from you soon.
Make Your Money Making Ideas More Profitable With This Theory
Learn From This
Whether it’s one of your making money ideas as owner of one of the best home businesses, or if you are shopping for financial retirement planning options, there are psychological factors that you can learn to make work for you or not.
The Theory
When we shop for that particular item, we compare the price of the first item with the price of all future prices of a similar object.
The imprint becomes an “anchor” for the initial prices in our minds.
How the Factor Affects Your Business
So, if you are trying to sell a customer on joining your marketing organization, what they’ve seen before they got to you is a major factor in their decision on whether to join with you or not.
Dan Ariel’s research reported on in his book “Predictably Irrational” says that says our mind imprints the price of the first item we see of a particular type in our minds.
More to This Theory
How long does that anchor last?
The higher or lower the anchor price, determines what the consumer will pay for it on the first purchase, then similarly on the second purchase of a similar product, and in even more similar purchases of similar items.
So, even if your prospect has joined others, and is happy or not with the product, if they’re willing to purchase another business opportunity, the price is a factor.
A Solution to Further Your Business
You can change the price consumers are willing to pay for an item despite their anchor, if you package or market the product in a different way, thus negating the previous anchor in your future associate’s mind.
You would have to create features and benefits that make your product seem totally different than the previous purchases were.
Conclusion
You can get ahead in this life and I can help.
If you want to learn more about where my training is coming from, leave your name and email address in the box on this page or at http://DianeNeillJensen.com
I hope to hear from you soon.
Supply and Demand is A Great Making Money Idea, It’s in Our Heads, So Use it to Become One of the Best Home Businesses and for Your Financial Life Planning
Use it to make money with, by imprinting your chosen price upon your customers minds, and knowing how this works, use it for helping you decide what prices you are willing to pay for items you might want to purchase.
Sounds pretty underhanded, doesn’t it?
I’ve never been good at bartering person to person, but I can sniff out a good deal at a second hand shop, if there are any good deals available.
I have made many a purchase of something I never used because the price was so much lower than the “new” price of an item.
The last time we visited “Sally’s”, I desperately wanted to buy a bathtub that was six feet long and also wider than the normal size bathtub, even though we had no place to install it yet.
By golly, we now have a place to put it and the price of those large tubs is in the thousand dollar range. The one I saw at the thrift store was $150.
Do you think I’ll ever pay a thousand dollars for a six foot long bathtub? No way, I’ll keep looking until I find one with a price under a thousand, and much closer to the price of the first six foot that I ever saw a price on.
There must be something to Dan Ariel’s research that says our mind imprints the price of the first item we see of a particular type, and we compare that price with all future prices of a similar object.
Ariel is the author of “Predictably Irrational”, a book that is very interesting, and you can get it by clicking on the picture of it on the right side of my website.
If you want to learn more about where my training is coming from, leave your name and email address in the box on this page
or at http://DianeNeillJensen.com
You Can get ahead in this world and I can help.
I hope to hear from you soon.
Break the Cycle of Relativity in Your Financial Life Planning, In Your Making Money Ideas, to Achieve Owning One of the Best Home Businesses
It’s true. The more we have, the more we want, whether it’s in making money ideas or financial retirement planning, unless we know how to break that cycle.
A few years back, my husband and I each had our own “clunker” to drive. He, a car, I, a little pick-up truck.
One day, the steering wheel came off in his hands when we were driving to town. That was just the start of our car buying.
We decided to trade the car in instead of getting it fixed. We got the nicest red truck with a bench seat for hauling grandkids around in. We just loved it. The payments were around two hundred dollars a month.
Then, one of our kids came home to live and we went from a two person household to seven overnight.
They didn’t have a car, and after juggling who got to go to town with us for grocery shopping for a few months, and listening up close and personal to the little ones loudly entertaining themselves in the back seat, we went to the car dealer to “just look around”.
Of course, we bought a “new” used vehicle, but what a deal it was. It was a eight passenger Chevy SUV. What a wonder it was. It made me feel so good, sitting up high off the highway, looking back, waay back, at the little ones in the far rear seat. Peaceful. The monthly payments on this vehicle were about three hundred a month.
Then, while my husband and I were on a trip in Canada to a Lions International Convention, we got hit head on while returning home. The wonderful deal, my dream car, was totaled. Fortunately, we all walked (limped) away without much permanent health damage.
There we were, with nothing to drive. We couldn’t find any good deals like we had with our previous two used car purchases.
In order to have something to drive, the dealership worked with us and gave us a good deal on a brand new car, albeit a much smaller car. That took some getting used to for me. I liked the big truck and the big suv.
Now our car payments were about five hundred dollars. More than our house payment.
As soon as our insurance company settled with us, we paid off the car and I swear never to have to deal with car payments again.
We again have an additional five kids and grandkids living with us, but we’re not getting a bigger car. We have wheels, it’s all we really need. We certainly don’t need any more high car payments.
The more we have the more we want.
This book demonstrates some of the findings in the new field of “behavioral economics”.
Humans make relative judgments, says Dan Ariely in his book “Predictably Irrational”.
The good news is, because of the predictability of our irrational decisions, as soon as we learn what we are doing that is irrational in our decision making, we can break these habits, he says.
You can get ahead in this life and I can help.
If you want to learn more about where my training is coming from, leave your name and email address in the box on this page or at http://DianeNeillJensen.com
I hope to hear from you soon.