Framework · 2 notes · discussed by Matt Dixon, Teresa Torres

Status Quo Bias

Every note in the archive that names Status Quo Bias: summaries, key takeaways and links to the original essays, episodes and posts. Ask a question below to get a cited answer from just these notes’ authors.

Q:
Answers quote and cite the source notes
Lenny’s Podcast85 min

The surprising truth about what closes deals: Insights from 2.5m sales conversations

Matt Dixon · May 30, 2024
Key learnings
  • Most lost qualified deals end in 'no decision' rather than to competitors, so diagnosing indecision is a core sales skill.
  • Customers fear being blamed for a bad choice (messing up) more than missing out, so pushing FOMO late in a deal often backfires.
  • Before pushing, judge the buyer's level of indecision using 'pings' that surface whether the hesitation is about choice overload…
Product Talk · Teresa TorresSep 5, 2013

You Only Prefer It That Way Because It's Familiar

Sep 5, 2013 · 3 min

“This post is part of a series about making better product decisions. Tell me how many times you've experienced the following: You've just introduced a new concept design - maybe it's a new way of doing an old feature or maybe it's a whole new metaphor for”