Second Most Persuasive Word in English  (and I'm guessing any language):

2. Free

Everybody loves free.

People love free stuff so much they’ll actually make different choices, even when the respective value of the item or service remains the same.

Dan Ariely revealed this startling fact in his book Predictably Irrational, where he examined a very unusual “battle” between Lindt chocolate truffles and Hershey Kisses.

To test the power of the word “free” in relation to concrete value, the study first asked people to choose between a 1 cent Hershey Kiss or a 15 cent Lindt truffle (about half its actual value, generally considered a richer, superior chocolate).

The results were as follows:

In other words, tastes were found to be very much in favor for the truffle. I mean, who’s going to pass up a deal, right?

Later though, another random group of subjects seemingly flipped on their opinion of these two treats. Ariely revealed that when the price was reduced by one cent for both brands (meaning the Kiss was now free), people altered their choices drastically.

With the new prices, here were the results:

Although in the first test it appears we simply can’t pass up a deal, as it turns out, we really can’t pass up a steal. Although the relation in prices remained the same (a 14 cent difference between the two), people chose the Kiss far more often when it was free.

Ariely points to loss aversion (our disdain for losing out on things) and our natural instinct to go after “low hanging fruit” as the reasons why we are so susceptible to snatching up free stuff.

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SO STRUT YOUR FREE STUFF!

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free gift cards...

INTERESTING STUFF:

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Fees rank right up there, don.t they?  And you worried where the $$$ was coming from!