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TIP 022 : Influence - The Psychology of Persuasion - Robert Cialdini's Book (Investing Podcast)

We Study Billionaires - The Investor’s Podcast Network

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Separating the Person from the Product

The importance of separating personal relationships from rational decision-making is emphasized to avoid being influenced solely by social connections. When considering a purchase, it is crucial to differentiate whether the decision is based on liking the salesperson or actually needing the product. By consciously making this distinction, individuals can prevent being swayed by personal connections and make more objective choices when shopping. Additionally, the impact of personal relationships in sales is highlighted through the example of Joe Gerard, a successful car salesman known for sending postcards expressing liking to his customers, influencing their loyalty to him and making it difficult to choose other sellers.

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