We hate being lied to. Lies are supposed to
make us mad. But we love them when they are along the lines we want to believe.
Then we fold our critical antennae. We
close our eyes. We ask no questions. We accept them like a coin that we pick up
from the street. Marketers know this very well and frame their offerings to
take advantage of this.
This is no new discovery. What is
interesting is the kind of evidence that emerges from time to time. I was
reminded of this when I read a recent article, ‘The perils of panflation,’ in The Economist (April 7, 2012). The writer talks about the “devaluation of
everything.” What interested me most is the way women’s clothing sizes in
Britain (and the US) have gradually grown bigger and bigger during the last
thirty-five years while retaining the fiction that they are staying the same.
Let me give you a clearer picture. In the
mid-1970s, size 10 trousers were for women whose waist was twenty-four inches.
Women with a twenty-six inch waist would pick up size 12. The marketers have
retained these labels but quietly increased the actual sizes by up to four
inches. So in 2012, women whose waist measures 27 to 28 inches buy size 10
trousers because it fits them well. It also gives them the satisfaction that
they can comfortably get into the smallest size. Similarly, women whose waist
measures 35 to 36 inches now gladly pick up size 18 trousers, originally meant
to be worn by women whose waist was 30 to 32 inches.
Giving women’s trousers fictional size
labels such as 10, 12, and 14 rather than 24, 26, 28 that stand for the actual
waist size trousers and skirts are meant for was a stroke of marketing genius.
It helps women maintain the fiction that their waist is still small while it
has actually grown by two or three inches.
It is interesting that men’s trousers are labelled
according to the actual waist size. The reason is simple. They are not paranoid
about their waist size going up. Naturally, marketers don’t waste their time
creating feel-good labels that mask the real waist size. But there are other
aspects of size where men look for such reassurance.
I’m also reminded of an experience I had at
an Udupi restaurant in Hyderabad in the early 90s. I ordered a plate of iddlis within weeks of its inauguration.
Two years later, I happened to be back at the same restaurant. Again I ordered a plate of iddlis. There were two iddlis, as on the first occasion. The price was the same: Rs 10. How could they
hold the price in spite of inflation all around? Simple. The iddlis were smaller. I noticed the change in size immediately, but
regular customers probably did not.
What matters in persuasion is not whether you receive value but whether you perceive value.
Photo credit: http://www.istockphoto.com
There is also this instance of increasing the size of mouth of tube of Colgate (or Forhans) toothpaste. This resulted in excess consumption and increased sales... This again was a classic case of perceived value.....
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