Anchor Principle: we have a natural tendency that the first time we hear a number, it sticks in our brain like an anchor. Anything above that sounds expensive and anything below that sounds cheap
Contrast Principle: we are always thinking of options in relation to the first one that is anchored in their brain
Always give the most aggressive option first because that is the anchor that they will contrast everything to
Make sure that clients know what they are giving up if they are choosing the more conservative approach
Discussion:
Can you think of an example of the Anchor Principle from your own life?
Do we use the Contrast Principle effectively in our practice? Why or why not?
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