One thing I’ve learned while observing consumer behavior is that people don’t always buy products they can easily evaluate. In fact, some of the most successful businesses are built around products and services where customers may never fully know whether they made the “right” choice. These are called credence goods . Unlike ordinary products, credence goods are difficult — sometimes impossible — for consumers to evaluate even after purchase or consumption. The buyer has to rely heavily on trust, reputation, expertise, or credibility because they cannot accurately judge the quality themselves. And once you start noticing credence goods around you, you realize they are everywhere in daily life. Think about visiting a doctor. Most patients cannot independently verify whether the diagnosis is perfectly accurate or whether every prescribed test is necessary. They trust the doctor’s expertise. Similarly, when someone hires a financial advisor, a lawyer, or even a digital marketing consu...
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