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According to research from the University of Illinois at Urbana-Champaign, descriptive menu labels raised sales by 27 per cent in restaurants, compared to food items without descriptors.
Rory Sutherland • Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life
when faced with a choice between a brand they know and one they do not know, buyers prefer the known brand (Hoyer and Brown 1990; Macdonald and Sharp 2000).
Jenni Romaniuk • Better Brand Health eBook
Ask yourself: Why do category buyers build up networks of attributes and brands in their memories?
Jenni Romaniuk • Better Brand Health eBook
Humans will often consider required choice to be a nuisance or worse, and would much prefer to have a good default.
Richard H. Thaler • Nudge: The Final Edition
After making a payment, the customers want to “earn it back” and visit the studio on a regular basis. The frequency of visits starts to decline, though, the further the most recent payment recedes into the past. By encouraging monthly payment s, the studio restores the customers’ incentive to get their money’s worth back. With monthly payments, the
... See moreHermann Simon • Confessions of the Pricing Man: How Price Affects Everything
The Illusion of Choice: 16½ psychological biases that influence what we buy
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Baseline category competencies
Jenni Romaniuk • Better Brand Health eBook
Patterns for buyer groups