Before giving out these 1$ bills, for free, no really, for free I had to decide a few things to set up. I chose Campus Lodge (my complex) as the location. I will do it randomly and approach the first people i see. I would initiate the conversation by saying the dollar was a initiative to build brand trust by the complex management. I then would make small talk, and say polite stuff. I anticipated giving away maybe 3 of the 5.
In the end my guess was actually right, 3 out of 5 accepted the free dollar. I didn't know that some people really had some type of trust barrier or buyer beware mentality. It was harder than I would think. It gives you a new perspective on consumer behavior and how faceted the whole marketing segmentation process really is!
Hey Anthony! I had trouble viewing your videos. There seemed to be some sort of error. I think you had a really interesting idea though. Good job on guessing correctly how many dollars you would be able to give away. My plan was to stand outside a vending machine and give away dollars. I think you would enjoy checking out my post! http://cambent.blogspot.com/2016/02/free-money.html
ReplyDeleteHey Anthony,
ReplyDeleteI wasn’t able to see your videos because there was some type of error on the videos. From what I saw on the description of the experience you had, I liked the tactic you used by approaching people and saying the dollar was an initiative to build brand trust. I also have 2 videos on my blog post. Some of the people took the money, and others were skeptical about my intentions.
You can check out my post at http://entrepreneurshipblogs.blogspot.com/2016/02/free-money.html