There are 59 days until Black Friday 2011 and we’re counting them down with money saving and holiday shopping tips.
Protect your Black Friday budget by knowing the 6 marketing mind games (based on the book Influence, the Power of Persuasion by Robert Cialdini) that stores and sales people play on you to get you to buy!
Buyer Beware of: Scarcity
We’re more highly motivated by the thought of losing something than we are the thought of gaining something. And I’m sure it’s no surprise that we find value in one of a kind objects and get a thrill being one of a limited few.
Scarcity is one of the biggest marketing techniques of Black Friday. We have a deadline, one day only, to get the lowest priced deals of the season. Everyone is excited and wanting to grab the best deals, so that we feel competition with our fellow shoppers and don’t want to miss out on getting our fair share.
If you find yourself getting worked int a frenzy to get a deal on Black Friday take a deep breath and ask yourself why you want it. You could be getting the deal of the day or possibly falling under the spell of a marketer’s scarcity trick.
Remember: items that are the least available are the most desirable.
58 Tips to Go! Please feel free to share any black Friday countdown ideas you have and any topics you’d like me to touch upon in the comments below.
Share this with your friends and stay tuned for tomorrow’s secret!
Are you a Black Friday FatWallet Insider?
Have you checked out our Black Friday page yet? Get on the email list to receive exclusive Black Friday rumors, try out our online Black Friday Tool, and download the iPhone app!
Miss a tip?
Check out the Black Friday Shopping Tips: 90 Day Countdown Master List