February 10, 2011

What $2 Can Teach You About Irrationality

You go to Burger King after work. You're about to buy a Whopper. Then, all of a sudden, you remember seeing something on Facebook earlier that day. That the Burger King 10 minutes away is giving away Whoppers for free tonight, and would save you $2. Do you drive to that Burger King for the free sandwich? Sure.

The next day, you're at IKEA, buying a lamp for $80. When you remember that the Target 10 minutes away has the exact same lamp for $78. Do you drive to Target for the $2 savings. Probably not.

Is this irrational economic behavior? Yes, but only partly. If $2 is really worth the 10 minutes to us, we should always side that way. But, the reality is that the 100% burger savings completely outweighs the 2.5% lamp savings in our minds. It's a comparison issue.

Should it be? No. And remember that the next time you blindly say ok to a hidden $400 fee for your new car purchase.
0 comments

February 9, 2011

❤ Donate Blood. Save YOUR Life

Tim Ferris' 4-Hour Body has received a lot of press lately. Earned because of his prior revolutionary book the 4-Hour Workweek.

And although these titles may make Ferris sound like the world's laziest man, he's actually an obsessive compulsive about data. While many of his findings on exercise, weight loss and the female orgasm are receiving most of the publicity, he made one passing comment in an interview that should be a huge marketing game changer.

He talked about how good the regular process of giving blood is for your body - specifically in terms of lowering your risks for heart disease.

The long-time Red Cross slogan of "Donate Blood. Save a Life." depends solely on altruism. From a marketing standpoint, do you know what's a more compelling call-to-action than altruism? Anything else.

Donate Blood. Save Your Life. Now that makes me want to sign up.
0 comments

February 8, 2011

★ What Super Bowl Ads Can Teach Us About Ads

(Note: I only included the ★ in the Title to see how it looks in Reader. Anyone who subscribes via RSS find this compelling? misleading? annoying?)

I should have blogged about Super Bowl ads yesterday. But it took me a couple days to think this one through. Why don't advertisers make all of their ads like they're being shown at the Super Bowl? Why is it ok to be boring if less people are watching? "Guys, this is the Super Bowl. We can't do the usual boring crap that no one cares about. Let's actually try to be entertaining."

Here's the ironic part of this mindset. The Super Bowl is the ONE time of year that you actually have people engaged in your ads. (Perhaps more so than the game if you happen to be my wife.) You could afford to be LESS compelling in the Super Bowl if you wanted to. As long as your message is awesome. And yet, you know that funny wins. It sticks. It works.

Pretend that every day is the Super Bowl. Be funny. Be engaging. Entertain us with your pitch. To the point where we remember it.
0 comments

February 7, 2011

More Lessons from the Bachelor: Comparison Shopping

For those of you who watch the Bachelor, do you ever catch yourself yelling something like this at the screen? "Why is that ugly freak still on there?? It doesn't make any sense!!"

Here's what doesn't make sense. The fact that we compare her beauty away. The girls on the show are all beautiful. Our minds are simply trained to compare.

It's why I had a crush on Murphy Brown and Mrs. Cosby growing up. It's not only that I like strong, independent women. It's that my options within those worlds were limited. It was Murphy or Corky. It was Claire or Rudy.

The hideous wretches on the Bachelor aren't hideous wretches. They're simply "last" in that category. Test this next time you cry out against the elephant-faced creatures on prime time TV. Take them out of that world, and put them in your office. Would they instantly become the most attractive person you work with?

Why do you think online retailers offer multiple versions of their products? It's so you choose the one they want you to.The comparison gives it value. They know that. Now, you do too.
0 comments

February 4, 2011

I Would Like to Steal Your App Idea

What app have you thought it would be cool to have?

Yes, I'm looking to outright steal your ideas to make money off them. But on the plus side, I'll give you the app for free!

Take a minute and think about some broad categories or even specific ideas of apps you would like to have on your phone.
0 comments

February 3, 2011

What the Bachelor Taught Me About Self Esteem

Yes, I watch the Bachelor. I'm not ashamed of it. It's a fascinating sociological experiment.

And a nice girl who got rejected the other night started bawling, gasping for breath and blurted out, "This just makes me question everything!" As if that was inherently a bad thing.

Self esteem is an interesting concept. I remember my older sister and I had this argument when I was 8. She argued that it was vital for people to have high self-esteem. I countered this argument, based on the fact that I didn't like my sister, and assumed her to be wrong about everything. I stand by this argument today, but with slightly better reasoning. For, self-esteem is only good if it's accurate.

American children have the highest self esteem in the world. But the test score don't match this. Now, we must be sure we're separating this concept form self-worth. Having self-worth IS vital. One's inherent value as a child of God is priceless. Yet, esteem about one's life should be subjective based upon the life itself. Otherwise, we will stop evolving.

We shouldn't merely desire to give people self confidence. We should desire for people to transform into an increased "self".
0 comments