6 Menu Tricks Could Be Costing You Hundreds Per Year
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Every business has techniques to get you to spend more money, and restaurants are no different. According to one personal finance expert, a lot of establishments use carefully crafted tricks to guide your eyes toward the most expensive items, often without you realizing it. Now, we’re the first to believe that restaurants—which operate on slim margins—deserve to make as much money as they can. After all, why own a business if you can’t put money in the bank? Yet, we found this information interesting and pass it to you. It comes from Fred Harrington, CEO of Proxy Coupons, a discount platform specializing in online deals. He has spent years studying consumer behavior and pricing psychology. His expertise in identifying how businesses influence spending decisions goes far beyond the digital world into everyday experiences like dining out. First, a summary; details follow. Now, on to the tips from Harrington. Note that they mostly apply to better restaurants, as opposed to contemporary casual places. 1. The No-Dollar-Sign Hack You may have noticed that upscale restaurants list prices as “10” instead of “$10.00.” This isn’t simply for aesthetics. Research shows that removing dollar signs reduces what psychologists call “payment pain,” the mental discomfort we feel when spending money. “When you see ‘$10.00,’ your brain immediately processes that as money leaving your wallet,” says Harrington. “But when it’s just ‘10’, it feels more like a number than a price. This simple trick can increase spending.” Most menus strategically place three similar items at different price points. The middle option usually offers the best profit margin for the restaurant, and it’s exactly where most diners gravitate. “They’ll show you a $28 sirloin, a $42 ribeye, and a $65 wagyu,” Harrington explains. “Suddenly, that $42 option looks reasonable, even though it might be” more than you intended to spend. Some menu items exist purely to make other dishes seem like bargains. That $95 lobster special isn’t meant to be ordered frequently. Rather, it’s there to make the $55 salmon look affordable. “Restaurants will include one ridiculously expensive item that makes everything else seem reasonable by comparison,” notes Harrington. “It’s anchoring at its finest.” Menus are designed based on how our eyes naturally move across a page. The most profitable items get placed in the upper right corner, the first place most people look after scanning the center. “Your eyes typically hit the center of the menu first, then move to the upper right,” says Harrington. “That’s premium real estate, and restaurants use it for their highest-margin dishes.” Long, descriptive names make dishes seem more valuable. “Grilled Chicken” becomes “Herb-Crusted Free-Range Chicken Breast with Roasted Seasonal Vegetables and Garlic Aïoli.” “The more words they use, the more you’re usually willing to pay,” Harrington observes. “Each adjective adds perceived value, even if the actual dish is quite simple.” High-profit items get visual emphasis through bold fonts, boxes, or different colors. These design elements draw attention without being obvious about it. “If something stands out visually, there’s usually a financial reason behind it,” Harrington points out. “Restaurants highlight what they want you to order, not necessarily what’s best for your wallet.” |
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About Proxy Coupons Proxy Coupons is a website that specializes in offering discount codes, promo deals, and coupons for a variety of proxy service providers. The platform caters to users looking to save on services like data center proxies, residential proxies, VPNs, and other digital privacy tools. It aggregates exclusive offers and verifies working codes to ensure users get the best possible deals from popular proxy vendors. Additionally, Proxy Coupons covers various categories such as scraping tools, privacy software, and streaming services, making it a comprehensive resource for individuals and businesses seeking cost-effective solutions for their online needs. CHECK OUT WHAT’S HAPPENING ON OUR HOME PAGE, THENIBBLE.COM. |
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