Friday, June 02, 2006

Use Contrast To Maximize The Size Of Each Sale

We are affected when we are introduced to two vastly different alternatives in succession. We know that contrasting two alternatives can distort or amplify our perceptions of things. Generally, if the second item is quite different from the first, we will tend to see them even more differently than they actually are. As a Master Persuader, you can use this contrast to steer your audience toward the object of your persuasion.
The use of contrast is based on our perception of items or events that happen one right after the other. If you've had a rotten day because you found out you're losing your job and you come home to a new scratch on your car, you will have a vastly different reaction than if you were having a great day because you're getting a promotion and then came home to the scratch on your car. It's the same scratch, but there are very different perceptions and reactions to it, depending on your personal circumstances.
This is all about human perception. The human mind has to find a benchmark of comparison to make judgments, especially when we are talking about unfamiliar situations. People need to make comparisons with their past experience and knowledge. By presenting your prospects with contrast, you are creating those comparisons for them. The mind can't process everything at once and so it develops shortcuts to help make decisions. Instead of making a completely internal judgment, we look for boundaries, patterns, and polar opposites. We want to know the difference between our options, so we naturally contrast the two items. We mentally place things in our mind from best to worst, first to last, or highest to lowest. Do you want your prospects to compare your product or service to a second-hand used car or to a Rolls Royce? You get to decide where you want them to start their benchmark.
Have you ever taken your car to your mechanic and he tells you that you might need new brakes, a new transmission, a new fan belt, and that the timing sounds off? You go away thinking, "Oh man, I'm sunk. I might as well just buy a new car." Then when you come back, he tells you, "You just need new brakes." You feel as free as a lark, only having to pay $300 for what could have been a $3,000 repair job. Imagine if he had told you he thought he could fix it for $50 and the bill ended up being $500. That is the Law of Contrast in action.
Sweetening the Pot" is a technique often used by salespeople to make the deal seem "sweeter" than it really is, that is, making the prospect believe they are getting an exceptionally good deal. What can you add on as an incentive? What can you give as a bonus? What do you have that will add value to your product or service? It could be an added feature, a larger discount, free delivery, gift-wrapping, batteries, an extended warranty, or free consulting. Whatever it is, use it to create and contrast a higher value.
Think about the last infomercial you saw on late-night TV. You watch the salespeople display and demonstrate the product and you start to get interested. You begin to think about how this product will really make your life easier. They have not told you the price, but when they finally do, it is much higher than you thought. You were hoping to spend around $99, but the announcer said it was $499. Your heart drops but you keep watching because you are really getting into this product and how it will change your life forever.
Oh, now wait a minute--they are giving a special deal today. There is a temporary price reduction. This is your lucky day! Now they are offering it for $297! It's a good deal, but still a little expensive. Wait, they are adding three additional items to the package, an added value of $350. You can hardly believe it--you'll get over $800 worth of products for only $297. You are really interested now and you're just about ready to buy, when wait--it gets even better! If you order now, you can even make three easy payments of $99 for the next three months. You can't believe your luck so you order right away.
You were thinking of spending only about $99 and you ended up spending triple that amount--$297 to be exact. Why? Because of the Law of Contrast, you were going to get over $800 worth of product and the deal kept getting better. This law is critical for you to understand when showing others the value of your product. No one buys unless they feel like they are getting value for their money.
When you "sweeten the pot," you add bonus items to make the deal more and more valuable. We can all learn from the example of a high school bake sale: When the cashier told one group of customers they could purchase one cupcake and two cookies for a total cost of 75 cents, 40 percent of customers bought. The cashier then told another group of customers that they could purchase one cupcake for 75 cents. However, a few seconds later she added that because of a special they had going for that night, two more cookies would be thrown in as a bonus. By the end of the night, 70 percent of the customers purchased cupcakes and cookies when the "three for the price of one" technique was used, even though it was really the exact same deal.2 It's all in the presentation--you've got to "sweeten the pot"!
When using the Law of Contrast, keep in mind the powerful differences between positive and negative information. Psychologists have asserted for years that people automatically and subconsciously have extremely high expectations for the good over the bad. Because of this consistent tendency, negative information, when it comes, always seems to be given considerable weight because it is such a jarring contrast to what was expected. For example, have you ever had a salesperson get you all excited about some incredible product you were about to purchase? You're totally thrilled with all the things this product is going to do for you, and then BAM! The salesperson hits you with the ghastly price. Suddenly the hefty price tag, just one negative detail, outweighs the product's twenty terrific features. Negative information has taken precedence over all the positive information. In fact, now it's consuming your thoughts. You drive home able only to think about how the precious item is going to cost you an arm and a leg.
Time can erode your ability to use the Law of Contrast. The key to this law is that the two contrasting items must be presented one right after the other. This has an effect on group meetings and decision making: If in a meeting you put forth your great idea right after another great idea, it won't have the impact it would have had if it had followed someone else's poor idea. Likewise, if we are talking to a beautiful woman or man at a party and we are then joined by an unattractive woman or man, the beautiful person will seem even more beautiful, and the less attractive person will seem even less attractive.
Try this experiment: Fill three buckets with water, one with hot water, another with cold water, and the third with tepid water. Simultaneously soak one foot in the hot bucket and the other one in the cold bucket for thirty seconds. Now place both feet in the tepid bucket and you will be shocked with the results. The water in the third bucket is considered warm, but to the hot foot it feels cold and to the cold foot it feels warm. It is the same water but two completely different reactions. This is the Law of Contrast. Any product or service can be contrasted to appear very different from what it actually is.
Learning how to persuade and influence will make the difference between hoping for a better income and having a better income. Beware of the common mistakes presenters and persuaders commit that cause them to lose the deal. Get your free report 10 Mistakes That Continue Costing You Thousands and explode your income today.
Application Questions How can you add value to your product/service using the law of contrast?
What is the perception of your product/service. Is a Hyundai or a Rolls Royce?
What can you do to double the perceived value of your product/service?
Conclusion
Persuasion is the missing puzzle piece that will crack the code to dramatically increase your income, improve your relationships, and help you get what you want, when you want, and win friends for life. Ask yourself how much money and income you have lost because of your inability to persuade and influence. Think about it. Sure you’ve seen some success, but think of the times you couldn’t get it done. Has there ever been a time when you did not get your point across? Were you unable to convince someone to do something? Have you reached your full potential? Are you able to motivate yourself and others to achieve more and accomplish their goals? What about your relationships? Imagine being able to overcome objections before they happen, know what your prospect is thinking and feeling, feel more confident in your ability to persuade.
Kurt Mortensen’s trademark is Magnetic Persuasion; rather than convincing others, he teaches that you should attract them, just like a magnet attracts metal filings. He teaches that sales have changed and the consumer has become exponentially more skeptical and cynical within the last five years. Most persuaders are using only 2 or 3 persuasion techniques when there are actually 120 available!
Kurt Mortensen teaches over a hundred techniques to give you the ability to effectively work with every customer that walks in your door. Professional success, personal happiness, leadership potential, and income depend on the ability to persuade, influence, and motivate others. Learning how to persuade and influence will make the difference between hoping for a better income and having a better income.
______________________________________
If you are ready to claim your success and learn what only the ultra-prosperous know, begin by going to http://www.PreWealth.com and getting my free report "10 Mistakes That Continue Costing You Thousands." After reading my free report, go to http://www.PreWealth.com/IQ and take the free Persuasion IQ analysis to determine where you rank and what area of the sales cycle you need to improve in order to close every sale!