And what would you pay to live 5 more years? These questions and the answers are priceless, especially in business.
When you think of PRICE what do you think of? Shopping? How much money you’ll have to spend to get something you want? The cost of an iPad, new shoes or a dress?
That’s certainly one form of PRICE but it’s actually so much more.
The video below is not only super cool, but it highlights a compelling pricing twist in consumer minds…
What about The Price of friends? The Price of fame? The Price of Free? Or even The Price of the Future?
Turns out price plays quite a role in daily human choices, but it’s often a radially different cost process than you’d think.
I recently I learned about a new book by NY Times editorial board member, Eduardo Porter, called The Price of Everything: Solving the Mystery of Why We Pay What We Do, and found it very intriguing.
The premise is very simple: there is a price behind each call that we make, whether we’re deciding to have a baby, drive a car, or buy a book. We often fail to appreciate just how critical prices are as motivating forces shaping our lives. But their power becomes clear when distorted prices steer our decisions the wrong way.
At this very moment you are putting a price on knowledge by clicking through or blowing it off. What are your thoughts about PRICE and why we pay what we do?
For more on pricing, view: Coupons, Groupon and gambling with a brand.