Post 1B: The 7 Sins of the Marketplace

seven_sins_of_the_marketplace_640

This week we looked at what the 7 Sins of the Marketplace are – 7 devilish things that marketers do to part you with your money.  Which of the 7 do you think is the worst?  Which of the 7 have you been fooled by?  How did it happen?  Share your story or comment on others!

25 thoughts on “Post 1B: The 7 Sins of the Marketplace

  1. All seven of them are all terrible sins, but in my opinion the worst of them is the sin of omission. Because sellers never tells you about it, it is an additional condition which can cost us more trouble or even more money.

    Like

  2. In my opinion the worst sin is deception because if a person or company is willing to lie to someone just for money that is breaking the trust between a producer and consumer. I have been deceived in the past when I bought a game and when I opened it, it was empty.

    Like

  3. I think that out of all the 7 sins of the market place the worst one is deception. Deception is bad because it is like hiding a lie. I have experienced addition but not deception. My experience was when I was buying a shirt, and the ales associate at the store tried to get me buy the same shirt in more than just the one colour.

    Like

  4. The 7 soins can be very deceiving, especially DECEPTION. Deception is like tuning something into something its not, in other words, hiding the truth. I’ve seen this happen before when you go to the grocery stores to any store and they charge you for the bags but then are trying to get you to spend more money to buy their reuseable bags.

    Like

  5. I think the worst sin is the sin of deception, because I consider it to be a way of hiding the truth, and depriving the buyer of basic knowledge about the product. I have experienced it before, when I was buying popcorn at the movies, they kept offering,me more products for one dollar less, so I ended up spending 10 more dollars then I should have. I know it was stupid of me, but in my defense I was Young and felt under pressure because the movie was about to start.

    Like

  6. I think that the sin of deception is the worst out of the 7. This sin is the worst in the marketing business because of the fact that the company is falsely advertising to you something that you might not need or use and are lying just to get you to purchase.. I have been fooled by the sin of deception in the past many times. Whenever I am buying a product they are always trying to influence me to upgrade or get 2 of something when you don’t really need to.

    Like

  7. Marketing is the process in which you advertise your product and sell your product. I think that marketers are smart creative people who can influence people to buy their product. Marketing is a great way of promoting your company. If done right a company can be affected positively, but if you market your company badly it can become a very negative impact. The qualities and characteristics that make marketing a good industry are the creativity and promotion . Marketing can also have bad qualities such as deception.

    Like

  8. I think the sin of deception is the worst for the following reasons firstly its unethical for a retailer or company to deceive their customers knowingly and lure their customers to buying products that the don’t know about or need. I was in north shore ski and board when i was a lot younger and didn’t have the knowledge of which skis would work the best for me. So they deceived me into buying more expensive skis that weren’t meant for my type of skiing.

    Like

  9. In my own opinion, the sin of deception is definitely the worst out of the seven. The reason why is that this sin is simply a unforgivable fraud, which receives money from customers but don’t finish their tasks. Even though the other 6 sins are also irritating, but at least they are using strategies to convince customers instead of cheating on them. Personally I was fooled by sin of addition. Once I was intended to only buy a sweater, but the salesman told me that there were several pants that fit well with this sweater.

    Like

  10. I think the worst sin of all 7 would be the sin of deception. The sin of deception is the worst because serviceman will knowingly bait you into a purchase and won’t finish the service they were paid to complete. My parents experienced the sin of deception while renovating one of our rooms. The workers did not finish the plumbing to the sinks and had to be specifically called back to finish the job. Had my parents not known we would have had to hire separate plumbers to finish the job, therefore paying another bill.

    Like

  11. In my opinion, the worst out of the seven sins is the Sin of Omission. The reason why I chose this topic over others is because while the other sins has trivial implications, the sin of Omission is the worst, because you are essentially agreeing to something with additional rules that you had no idea about.

    Liked by 2 people

  12. The Sins of the marketplace are all disgraceful, and are a hidden aspect of Marketing in the world, they are used to make the consumer buy more than they really need, want, or already have, while making it seem that you are receiving a good deal.

    I am not a very interested when it comes to dealing with sales people, unless I know what I am buying and I know that it is the cheapest at that place, I usually just tell sales people that i’m browsing. The sin of addition is the one that has been tried on me the most. When purchasing a phone or laptop, they try their hardest to sell you a geek squad warranty or a 30$ case that can be brought online for 5$, Electronics stores are definitely the worst, as the sales associates are often paid on commission, and this means they will sell you anything to try and make more money. The fact that they don’t care what you opinion is, makes it way worse. If you don’t buy what they want, they get all uptight and say something stupid such as “man, you are going to regret not buying our Protection Plan in the future”. The thing is, half the time, a broken phone will not be covered by these so called “protection plans”…

    Like

  13. The sin of deception is the worst because people are given the wrong information about the product that they are interested in.This sin happens from time to time and people often buy a product and get disappointed because the product wasn’t the thing that they were expecting.

    Like

  14. I believe that the worst sin that marketers do to part you with your money is the sin of addition. This sin is bad because it happens very frequently at retail stores where marketers will try to get you to buy several other products apart from the one you are already getting. I have been fooled by the sin of addition when shopping for an iPhone case and having the salesman offer me other iPhone add-ons like headphones, etc.

    Like

  15. I think the worst sin is the sin of salvation because sometimes it is used to give very sick people false hope to encourage them to buy products. By promising some “miracle cure” to their disease marketers might stop sick people from pursuing a legitimate treatment that may actually increase their chances of recovering. I have been fooled by The Sin of Deception before. A long time ago I was mislead into believing I was purchasing a laptop with very good specs. The salesman told me I would be able to run any program with excellent battery life but in reality the laptop had very mediocre specs and the great performance that was promised was never delivered.

    Like

  16. I think the sin of deception is the worst for the following reasons firstly its unethical for a retailer or company to deceive their customers knowingly and lure their customers to buying products that the don’t know about or need. I was in north shore ski and board when i was a lot younger and didn’t have the knowledge of which skis would work the best for me. So they deceived me into buying more expensive skis that weren’t meant for my type of skiing.

    Like

  17. I believe that the worst sin of marketing is the sin of deception. When marketers withhold information that could be important to the consumer it becomes a moral dilemma of right and wrong especially because one of the biggest markets this is used in is insurance. When a product being sold will affect someone’s life it information should not be withheld. However before agreeing to a contract you always need to read through it to make sure you know the ins and outs of the agreement.

    Like

  18. i feel the worst sin was with selling products plus as many add-ons, as well as them being overpriced. I too have been fooled by the way companies have sold me to buying more than i should at a price that is ridiculous. It happened when i got an electric guitar for my birthday, i didn’t yet have an amp to go with it. Once i got to the store they gave me extremely steep prices as well as adde ons I was told I “needed”.

    Like

  19. I think that the worst sin of the marketplace is the sin of omission. When this happens, people sign into contracts and deals with hidden fine print that can leave them bankrupt, ie. being told they are getting a great insurance program, but when it comes time to use it they don’t fit the criteria to receive the insurance. I think that the sin of omission is unethical and deceitful. I have been fooled by the sin of salvation. Health personalities and spokes people for companies sometimes speak about certain juices and pills to make you look and feel amazing, but are backed up with no scientific research or have been proven not to work. I had wanted to try some, but after some investigation I’ve realized that they won’t help me out, and I’ll only be wasting money.

    Like

  20. I think the worst sin in the entire video is the sin of deception its knowingly taking peoples money and not doing the job you were paid to do. The worst part is that it can ruin people’s entire lives over something that to you is just another “customer” its a parasitical thing to do.

    Like

  21. In my opinion the sin of deception is the worst tactic for marketing because it’s deceiving, fraud, and a con. I was nearly fooled by the sin of addition. This happened when I was purchasing a phone. The employee was persuading me to purchase additional phone plans, cases, anything he could sell that was related to the phone I was buying.

    Like

  22. The worst Sin out of the 7 is Deception because its deceiving. Ive been fooled before with the sin of addition. What happened was that I was buying a pair of shoes and they were trying to convince me to buy like a waterproof spray and like shoe pads for that one pair of shoes I was trying to purchase.

    Like

  23. I believe that the sin of addition is the worst sin. I think this because it happens almost daily in our society, so we don’t even notice when it happens to us. I have been fooled many times by this sin. One of the times I was at Footlocker and I bought a pair of shoes. The sales rep then convinced me to buy a pack of socks as well because they are half off with the purchase of shoes. I took the bait and spent $6 that should still be in my pocket.

    Like

Students Please Leave Your Response Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s