12%
15 51
7) Comparing Prices
When done poorly, chest-
thumping about low prices can
grant you a one-way ticket to low
sales. According to
research
from Stanford, the act of
comparative pricing can cause
unintended effects if there is no
context for why prices should be
compared. Asking customers to
make explicit comparisons about
the price of your product and a
competitors can cause people to
lose trust in your messaging. The
lead researcher noted, "The
mere fact that we had asked
them to make a comparison
caused them to fear that they
were being tricked in some
way."
A classic example of price
comparison done right can be