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Yeah, I don't get the downvotes. I guess this comment goes against the spirit of congratulations and encouragement in the rest of the thread. Sure, money back
by unreal37 14y ago
Yeah, I don't get the downvotes. I guess this comment goes against the spirit of congratulations and encouragement in the rest of the thread.
Sure, money back guarantees work for lots of products. The late-night infomercials have proven that. And they work because they influence buying (it's no risk!) but don't cause too many returns in reality. Irrational human behavior.
But for $15, it's a really low investment for most people. If the price were a lot higher (even $40), it might be worth needing to offer a money back guarantee.
Does Starbucks offer money back guarantee on your coffee? If you drink the whole thing and didn't enjoy it, they'll give you a full refund? No. It's not for everything.
- thatthatis 14y agoMoney back guarantees are better for the consumers and better for the producers. There's still psychology involved at $15, and more than anything it's to mitigate loss aversion. If I spend $15 and the product sucks, I loose a lot more than $15 worth of happiness. Its fine if these guys don't like the advice. And, yes, Starbucks does offer money back guarantees, usually at the rate of "this one's free and so is the next one."