23% increase in returns

RECIPROSITY USED WELL CAN SIGNIFICANTLY INCREASE RETURNS In a series of studies carried out in restaurants in the United States it was found that when a customer was offered: A complimentary mint with the bill, there was a 3% increase in the average tip. Two complimentary mints with the bill, there was a 14% increase […]

RECIPROSITY USED WELL CAN SIGNIFICANTLY INCREASE RETURNS In a series of studies carried out in restaurants in the United States it was found that when a customer was offered: A complimentary mint with the bill, there was a 3% increase in the average tip. Two complimentary mints with the bill, there was a 14% increase in the average tip. A personalised and unexpected offering, there was a 23% increase in the average tip. This research pointed to a common consumer behavioural response resulting from a perceived obligation to give when after having received. This behavioural response is also found when: An individual is invited to a friend’s home for dinner. A work colleague gives an individual a lead. A family member does an individual a favour. This notion of RECEPROCITY has been found time and again in research and is clearly a potentially powerful tool is the process of persuading…

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Five Tips For Reducing
The Cost Of Branding.

Burning money on branding is more common than most marketers think. Because few businesses truly understand what a brand is and how branding works, advertising agencies, branding agencies and design studios have become expert at spending their client’s money without effective accountability.

Burning money on branding is more common than most marketers think. Because few businesses truly understand what a brand is and how branding works, advertising agencies, branding agencies and design studios have become expert at spending their client’s money without effective accountability.

1. Get out of the boardroom.

Perhaps the two most concerning issues about branding are the lack of understanding about what brand and branding are and the propensity to develop brands in the boardroom, perhaps with the help of a consultant.....

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