Property Mumbai

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Thursday, 26 February 2009

Influence: The Psychology of Persuasion by Robert B. Cialdini

Posted on 12:14 by Unknown
I would like to share book that I read recently. We can exactly know how these weapons were effectively used by RE companies & brokers so far.

This book is psychological research on factors that influenced us to say ‘yes’ or ‘no’ at various events /situations that normally occur in everyone’s life but we really would not see the outcome or results of our response when we committed. Robert B. Cialdini is professor of psychology at Arizona State University. This book is his life time research on people’s behaviors and he took various roles during his research as door to door salesman, marketing guy and PR agent etc.


Author talks about the ‘weapons of influence’ that normally enterprises and other people use for their gain over the society which means the normal public. Prof. Cialdini found six common traits of people that influence an individual to make any decision.

Reciprocation – Based on the widespread human culture and evolution, the rule requires that one has to try to repay what another person has provided by means of any service/gain. Not repaying is considered as rude or uncivilized in our society. Free food samples at malls and stores.

Commitment and Consistency – It is easier to resist at the beginning than at the end – Da Vinci. It is always our desire to move with the society, colleagues, friends or relatives on making decisions or on deciding lifestyle. We all like to get approvals from the above mentioned social set up. I know many people who signed on the dotted line for the word of a marketing guy ‘just sign we will take care of it, don’t worry’ for their investments, mortgages just because others did so; dared to ask questions.

Social Proof - This is about how a person likes the society to view his actions; this comes of out his skepticism about other people’s reaction. When he is not sure about the action he would tend to follow the predecessor. This is an easy experiment for us who live in India. Next time you come across a beggar at a temple, train or bus stop; people normally look for a predecessor. Try for once the role of predecessor and see the results.

Liking – People tend to say ‘yes’ to individual they know and like well. There are three main factors for this behavior. Physical Beauty – This halo effect makes people to yes. Similarity – We like people like us by appearance or behavior etc. Increased Familiarity – Repeated contact or information about a thing. (Advertisements, stock recos.) Why are we spending so much time and money on some of the bakwaas movies of Bachans, Khans and Rajinikanth though we know already? (No offense meant)

Authority – This is very simple to understand. We will do whatever our boss says with “I will take care of it, don’t worry’. Individual will not stand up and say ‘no’ even if he knows something is wrong. You might have read a lot in newspapers these days about 'Satyam'


Scarcity – Another simple one to quote an example under current scenario. You might be seeing lot of advertisements from real estate developers, car companies and banks with a limited time offer “Only for next three days” or “Pre Launch Discount – Very few flats”. Cool that’s it.

I read and watched Cialdini talking about this; I can go on writing about this book. I have listed only main 6 items and there many examples & other weapons detailed in the book. Get a copy if you want to overcome or positively use these 'weapons of influence'



Thanks Vik for giving the oppurtunity.
Email ThisBlogThis!Share to XShare to Facebook
Posted in Cialdini, Influence | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Builders and their inflation predictions
    It comes as no surprise to me that the members of the real estate community including investors are disappointed at the contents and comment...
  • Some sense returning to the real estate market
    Mint reporting on the slowdown in PE deals. New Delhi: India’s real estate party may be cooling down rapidly. Global private equity firms sa...
  • Montek says Goldman Sachs analyst is wrong
    “We think the Reserve Bank of India will need to raise effective policy rates by 300 basis points in 2010 to bring policy rates to neutral, ...
  • BMC plans ot hike property taxes
    Finally property dealers are acknowledging that property prices are beyond reach in Mumbai along with the fact that there are too many apart...
  • India's residential sector likely to see oversupply - Crisil
    Crisil reporting accurately on the state of the housing market in India. >>> Real estate companies have been launching newer resid...
  • Laughing Waters is no Laughing Matter
    http://www.bangaloremirror.com/index.aspx?page=article&sectid=1&contentid=2011020420110204081607853b53eeb38 An IT czar, two top-notc...
  • Rajus' land bank could be much bigger
    Farfetched but true. The greed for land is has sunk a solid cash cow business built on cheap labor, dollar arbitrage and government subsidi...
  • Battle for Mumbai's skies set to begin
    Times of India reports Mumbai: The skyline of congested areas in Mumbai like Girgaum, Grant Road, Bhuleshwar Nagpada and Parel could soon be...
  • Observations On China's Bubble, Or The "Lose-Lose" Reality Of A Financial Cocaine Addiction
    Not from India, but we are not very far behind in speculation.... Jim Quinn's has penned a good post on the "mother of all bubbles...
  • Housing bubble comparisons - US vs India
    Rediff.com has an article bankbazaar.com on the reasons why the US housing bubble went bust. At the end of the article there is a paragraph ...

Categories

  • "bubble diagnostics"
  • "fortune tellers"
  • "investor activism"
  • "Santa Cruz"
  • 2G scam
  • a
  • Ahmedabad
  • alibaug
  • Ambani
  • asbestos
  • bad loans
  • Bangalore
  • banking
  • bankruptcy
  • base price
  • bear market
  • BJP
  • black money
  • bollywood
  • BRICS
  • brokers
  • bubble
  • budget
  • budget 2012
  • builders
  • bust
  • chandigarh
  • Che
  • chennai
  • Chidambarm
  • china
  • Cialdini
  • classifieds
  • Commercial RE
  • common sense
  • Congress
  • consumer protection
  • corruption
  • credit infusion
  • criminal
  • crisis
  • deals
  • debt
  • default
  • Delhi-NCR
  • diagnostics
  • discount
  • DLF
  • documentary
  • dubai
  • economy
  • EMI
  • Europe
  • exodus
  • exurbs
  • f
  • fire-safety
  • fire-sale
  • floods
  • FMP
  • foreclosure
  • fraud
  • fsi
  • Goa
  • goldman sachs
  • group purchases
  • GST road
  • guidance
  • gujarat
  • gulf
  • h-1b
  • Haridwar
  • hinjewadi
  • HNI
  • housing crash
  • hyderabad
  • hyderabjaipur
  • i
  • idiot
  • indiastockmarketbubble
  • inflation
  • Influence
  • infosys
  • interest
  • interest rates
  • investments.
  • investors
  • ipl
  • IPO
  • italy
  • jaipur
  • kbc
  • kerala
  • kochi
  • kolkata
  • land
  • layoffs
  • legal
  • Lehman
  • leverage
  • loans
  • lobby
  • London
  • luxury homes
  • maha-mumbai
  • malls
  • mantri
  • Maraimalai Nagar
  • marathi
  • marketing
  • Maytas
  • mba
  • media
  • Media; Times Group;
  • morons
  • mumbai
  • Mysore
  • nagpur
  • nashik
  • navi mumbai
  • New York
  • NRI
  • paid news
  • PE
  • pending approval
  • politicians
  • poll
  • property
  • protest
  • prudent investing
  • psu
  • pune
  • raids
  • RBI
  • realtors
  • realty funds
  • recession
  • redevelopment
  • regulator
  • repossession
  • Residential RE
  • retail
  • Rishikesh
  • Rupee
  • Russian Mafia
  • saneprice.com
  • scam
  • sea-link
  • Sensex
  • sez
  • shops
  • singapore
  • skywalk
  • slowdown
  • speculation
  • sra
  • srk
  • stocks
  • stone
  • subprime
  • suckers
  • taxes
  • tdr
  • telangana
  • terrorist attacks
  • theft
  • tides
  • touts
  • townships
  • trumpet
  • twitter
  • ULCA
  • unemployment
  • Unitech
  • unscruplous builders
  • unscrupulous builders
  • USA
  • value
  • vastu
  • Vizag
  • wikileaks
  • yale
  • zoning

Blog Archive

  • ►  2013 (11)
    • ►  September (2)
    • ►  August (1)
    • ►  June (2)
    • ►  April (2)
    • ►  March (1)
    • ►  February (1)
    • ►  January (2)
  • ►  2012 (34)
    • ►  December (1)
    • ►  November (2)
    • ►  October (4)
    • ►  September (1)
    • ►  August (1)
    • ►  July (3)
    • ►  June (4)
    • ►  May (2)
    • ►  April (2)
    • ►  March (3)
    • ►  February (6)
    • ►  January (5)
  • ►  2011 (49)
    • ►  December (6)
    • ►  November (7)
    • ►  October (3)
    • ►  September (2)
    • ►  August (2)
    • ►  July (2)
    • ►  June (5)
    • ►  May (4)
    • ►  April (5)
    • ►  March (5)
    • ►  February (3)
    • ►  January (5)
  • ►  2010 (95)
    • ►  December (1)
    • ►  November (7)
    • ►  October (6)
    • ►  September (6)
    • ►  August (4)
    • ►  July (7)
    • ►  June (8)
    • ►  May (10)
    • ►  April (9)
    • ►  March (16)
    • ►  February (9)
    • ►  January (12)
  • ▼  2009 (160)
    • ►  December (12)
    • ►  November (9)
    • ►  October (11)
    • ►  September (10)
    • ►  August (13)
    • ►  July (10)
    • ►  June (13)
    • ►  May (10)
    • ►  April (13)
    • ►  March (18)
    • ▼  February (21)
      • Influence: The Psychology of Persuasion by Robert ...
      • Unscrupulous real estate brokers will cheat you
      • NRI realty investments drop by over 50%
      • DLF slashes apartment prices on OMR
      • Goldman Sachs Research - Building up to a crisis
      • For a responsible citizen, is investing in land th...
      • Prices of starter homes
      • Non-Immigrant visa and the housing bubble
      • The end of Secret Swiss banking
      • Inviting bloggers to contribute to the blog
      • 20,000 defaulters to lose homes
      • Baseline scenario outlook on India
      • ICICI CEO and DLF talk price corrections
      • Al-Jazeera's coverage of the Indian housing bubble
      • DLF feels the heat of CNBC's coverage
      • Hiranandani Faces Penalty, Denies MMRDA Violation ...
      • Flat buyers exempt from service tax
      • U.S. Housing Slump Has ‘Just Begun,’ Says Forecast...
      • EMI Quiz
      • Realtor debt to be twice revenues
      • Builders and their inflation predictions
    • ►  January (20)
  • ►  2008 (142)
    • ►  December (10)
    • ►  November (13)
    • ►  October (19)
    • ►  September (5)
    • ►  August (11)
    • ►  July (11)
    • ►  June (9)
    • ►  May (18)
    • ►  April (11)
    • ►  March (8)
    • ►  February (14)
    • ►  January (13)
  • ►  2007 (8)
    • ►  December (8)
Powered by Blogger.

About Me

Unknown
View my complete profile