4min chapter

Modern Wisdom cover image

#626 - Richard Shotton - 8 Psychology Hacks Behind The World’s Biggest Businesses

Modern Wisdom

CHAPTER

How to Reframe Competition as Fairness

I'm interested in fairness because we've talked about the blouse and basement study. I would look at ways of reframing my competition as behaving unfairly. So if I was launching a competitive taxi brand to Uber, surge pricing is their Achilles seal. If you are trying to persuade someone to take out a subscription, to give you a rise, what you should be doing is drawing their attention to the fact they can say no.

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