Use These 5 Psychology Tricks to Make a Ton of Money

Codie Sanchez · · 23 min

Codie Sanchez explains five psychology-based tactics that drive purchasing decisions, covering pricing, trust-building, language, and how buyers' brains evaluate whether something is worth buying.

Watch the episode 23 min · YouTube

The gist

  1. Build instant credibility using authority, social proof with specific numbers like '75% of customers choose this tier,' and concrete scarcity like 'two spots left.'
  2. Anchor prices by presenting a higher number first, then offer a comparison point before stating your price, and stay silent after to avoid inviting counterarguments.

What they recommend · 3 picks

Social Proof Other

"The way you use this is by telling the customer what most people do. If you say, 'We have this entry offer, but most people need our service more, so they choose the middle offe..."

"Waitresses who repeated their clients' orders exactly how they said it back to them got tipped 81% more. We actually want to mirror what our customer says — say almost exactly b..."

Law of Reciprocity Productivity

"The law of reciprocity — so many people know it but not enough use it — give before you ask. The more you give, the more you are going to get. It should be something that feels ..."

Codie, This Week in Startups, Chris and TBPN agree on 20 things

See what they all use, in their own words. Paid ads are left out.

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Also mentioned

5:58 Priming · "This is actually called priming. It's something where your environment quietly tells your brain what to pay..."
6:24 Color Psychology · "Most color psychology online is way too simplistic. Blue means trust, green means money — it's not that..."

What do Codie and experts like them all swear by?

20 things in common

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