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Perceived Value & the Power of Significance

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🔎 Introduction

Why do people pay $7 for a coffee at Starbucks when they could make one at home for $0.50?

Why do some clients happily pay $5,000 for a service… while others hesitate to pay $500 for something similar?

The answer isn’t the product. It’s perceived value.
And the most powerful driver of perceived value?
The feeling of significance.

In this lesson, you’ll learn how pricing and positioning are shaped by psychology — not logic — and how to sell the feeling of being important.


🎯 Objective

You’ll learn how to make your product or service feel more valuable by framing it around emotional worth, not just deliverables. You’ll understand the concept of perceived value, and how to increase it by speaking to what matters most: how people want to feel.


📖 Quick Story

During the 2008 financial crisis, most hotels in Las Vegas were slashing prices to survive.

Steve Wynn — billionaire hotel owner — did the opposite.

He raised his prices.

His logic?

“People don’t come here for cheap rooms.
They come here to feel important.”

So he made the experience more luxurious.
Added velvet ropes, private pools, exclusive treatment.
And people paid more — not because they needed it, but because they wanted to feel special.

That’s the power of significance.


🧠 Core Teaching

When someone is deciding whether to buy, they aren’t measuring the actual value.
They’re feeling into the perceived value — which is shaped by:

  • How much trust you’ve built

  • How emotionally meaningful the result is

  • How exclusive or status-enhancing it feels

  • What they believe the outcome says about them

So if your offer doesn’t feel valuable to them emotionally, even a great deal will feel like “too much.”
But if it hits the right emotional button? They’ll stretch to afford it.


🔧 Techniques & Examples

Technique 1: Tie Your Offer to Status & Identity

✅ Instead of:

“I help small businesses with their branding.”

Try:

“I help business owners show up like a category leader — even if they’re just starting out. Because looking the part builds trust before you say a word.”

Now you're not selling a brand.
You're selling significance.

Technique 2: Price Anchoring with Prestige

If your offer is cheaper than what it delivers emotionally, it can devalue it.

You can actually increase trust by charging more — if you frame it right.

✅ Try saying:

“This isn’t the cheapest option — it’s for people who are serious about making a bold leap and being seen at a new level.”

Now price is a filter — not a barrier.


🧬 Why This Works (Psychology)

Humans are status-sensitive.
This doesn’t just mean we want to look rich — it means we want to feel seen, respected, important, and elevated in our group or space.

In psychology, this links to:

  • Maslow’s hierarchy (esteem needs)

  • The need for significance (Tony Robbins’ Six Needs)

  • Social identity theory — we behave in ways that strengthen our self-image

When your offer makes people feel bigger, they see more value in it — even if the features are the same as a competitor’s.

“Price is never just about money.
It’s about what that price makes them feel.”


✍️ Exercise: Frame Your Offer for Significance

Take your core product or service.
Answer the following:

  1. How does it make the customer feel more important, respected, or proud?

  2. How could you describe it in a way that elevates the customer’s identity?

  3. What language can you use that signals exclusivity or prestige (without being fake)?

✅ Example:

Before:

“I design websites.”

After:

“I help creators and coaches build websites that look like they already made it — so people take them seriously from the first click.”

Now you’re not just selling pages — you’re selling perception.


🧠 Summary

In this lesson, you’ve learned:

  • Value is not fixed — it’s perceived

  • The emotional driver of significance can justify premium pricing

  • You can increase perceived value by showing how your offer makes someone feel more important

  • Price isn’t about what they get — it’s about what it says about them


📚 Assignment

Pick three premium brands (e.g. Apple, Tesla, Rolex, or even a personal brand like Tony Robbins or Marie Forleo).

For each:

  • What emotional need are they satisfying?

  • How do they create a feeling of significance or status?

  • How could you use similar positioning ideas in your own brand?

Write 3–5 sentences describing how your offer elevates your customer’s identity — not just solves their problem.


💬 Takeaway Quote:

“Sometimes, raising your price is what makes people buy — because it tells them the offer is significant.”


Next: Lesson 1.5 – Sales Is About Helping People Change