The Third Door by Alex Banayan, framework 7 of 11
Gold, silver and bronze packages
Elliott's way of pricing a sale with three options.
Alex Banayan's framework, from The Third Door, pp. 69 to 133.
- Make the first option too expensive
Gold sets a high anchor.
- Make the third option unappealing
Bronze leaves little reason to pick it.
- Expect the middle
People often choose silver, which here was ten ads for $6,000.
From chapter: Step 3: Find Your Inside Man, pp. 69–133
More from this book
All 11 frameworks-
Framework 8 · Life and thinking Frog kissing Dean Kamen's approach to deciding between more attempts and stopping.
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Framework 9 · Life and thinking Cal Fussman's interview practice How Cal retrained Alex to interview by being comfortable.
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Framework 10 · Sales and negotiation Bill Gates on closing big deals The sales and negotiation lessons Gates gave Alex in his office.
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Framework 11 · Offers and pricing Elliott's pipeline rules What to do when you keep hearing bullshit no's.
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Framework 1 · Life and thinking The Three Doors A nightclub analogy for the three ways into any career or industry.
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Framework 2 · Personal brand The Spielberg Game How an unknown gets inside an organisation by finding one person who will vouch for them.