How To Get Prospects To Make The Decision You Want
In one of my favorite books Predictability Irrational Dan Ariely tells a great story about a very interesting advertisement run by The Economist magazine. The ad seemed odd at first glance because the three different possible choices for subscription contained two that were priced exactly the same.
The ad was set up as follows:
| Online Subscription |
$59.00 |
| Print Subscription |
$125.00 |
| Print & Online Subscription |
$125.00 |
So maybe there’s an misprint. They surely didn’t mean to charge the exact same price for Print Only and Print & Online Combined, right?\n\nBut think about this for a second… Given that exact set of choices which would you choose?\n\nI’ll bet I already know your answer. And why shouldn’t I? Clearly the Print & Online combination at $125 is the best value.\n\nMr. Ariely continues to report that after he contacted The Economist magazine about the ad they quickly stopped running it, but he was still intrigued so he set up his own experiment.
The First Test
The test he set up used the same three choices.
| Online Subscription |
$59.00 |
16% |
| Print Subscription |
$125.00 |
0% |
| Print & Online Subscription |
$125.00 |
84% |
If you really want your prospects to make the decision you want then set up their possible options just like this. I’ll describe this process in more detail a little later.\n\nLooking again at the three choices there are really only two viable selections Online Only and the Print & Online combination. That leaves the Print only option as completely useless since no one would ever select it. Not so fast, this is where it gets really interesting.\n
The Second Test
Mr. Ariely set up a second test that contained only two options. Removing the option that received 0% during the previous test.
| Online Subscription |
$59.00 |
| Print & Online Subscription |
$125.00 |
Guess what happened.
Amazingly, the previously least selected option become much more popular.
| Online Subscription |
$59.00 |
68% |
| Print & Online Subscription |
$125.00 |
32% |
What You Should Do
\nSo the useless option in the original three choice ad turns out to be useful in helping people determine exactly what they wanted. The inclusion of the Print only option makes the Print & Online option look like a great deal and thus more people making that selection.\n\nBut, why does it look like a great deal. Why are we able to so easily make the decision to go with the combination?\n\nThe answer is because it’s easy to make a comparison between similar choices. When an easy comparison can be made people are influenced to make a selection between those items and throw out the third choice altogether because the comparison is harder to make.\n\nWhen setting up your offer for your product or service make sure you have three options where two of them are easily comparable and there’s a higher perceived value in one of them.
Your prospects will compare the two similar choices and make their selection for the one that is of greater value.
Here’s another example:
| Widget A |
$147 |
| Widget B |
$147 |
| Widget B plus Inner Circle Membership |
$147 |
The third choice becomes the easy winner.’, ‘How To Get Prospects To Make The Decision You Want’, ‘When your prospect has to make a decision it doesn\’t have to be left to chance. If fact you can control which option they select.