A note from Sary

Car salesmen often offer prospects a small gift up front. "Can I get you a coffee? Would you like a soda? Some water? Cookies? Is there anything that I can do to make you more comfortable?" It seems like a common gesture of hospitality. It's not. Accepting this small offer creates a psychological need to Reciprocate, subtly stacking the deck in the salesman's favor. Prospective car buvers who accepted this free offer were far more likely to purchase a vehicle, add optional accessories, and agree to less attractive financing terms. As a result, these customers spent thousands of dollars more than the people who did not accept anything from the salesman while negotiating.

Sary The Personal MBA, page 137 · October 22, 2023 Save to shelf
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