How value is perceived

Question 1

How is the value of a product or service made

Answer 1

Value = Dream Outcome X Perceived likelihood of success / the time and effort it takes to get something X by the price they pay

Question 2

What is the sacrifice that consumers make

Answer 2

The amount of money they pay

Question 3

How can you making the dream outcome more grand increase the value

Answer 3

By making their dream outcome more grand and wonderful, people tangibly get too see what they are sacrificing more of their money for.

Question 4

How does the likelihood of success increase the value

Answer 4

The more guaranteed something is, the more people are willing to sacrifice

Question 5

How can time, effort and sacrifice decrease the value of a good or service

Answer 5

people may value their time and effort more than your goods and services

Question 6

How can saving people effort, time and sacrifice increase the value of your goods and services

Answer 6

because it can get people results faster, which increases the value

Question 7

Example of time, effort and sacrifice saving product

Answer 7

Lipo-suction VS fitness training. Lipo suction is worth alot more, as the results are guaranteed and the time and effort sacrifice is minimul

Question 8

Can charging too much for a valuable good or service lead to people not buying

Answer 8

Yes, if the person values their money more than than the result - And if they think you’re taking the piss