Why Consumer Behavior? When you want to make a new product or create a marketing campaign, the most important thing you’ll be considering is consumer behaviour. Their behaviour and habits as well as their decision making process is what defines your next steps. So, consumer behaviour is something that you really need to understand well,… Continue reading What You Need To Know About Consumer Behaviour
Category: Herd instinct
How to Boost Conversions Using Psychological Tactics
Why Do Psychological Tactics Work? Psychological tactics boost conversions because studies have shown that 90% of consumers’ buying decisions are influenced by emotions. In almost any case, a website will try to sell a product or a service. However, even though the product or service is great, your visitors might still not buy them. Why?… Continue reading How to Boost Conversions Using Psychological Tactics
New Coke – Market Research Fail?
The New Coke Story – Why did New Coke fail? New Coke, or Coke II as it was rebranded, is known for being the biggest marketing mistake ever. Why did New Coke fail when Coca Cola spent $4 million on development? The company conducted over 200,000 taste tests and commissioned numerous focus groups and… Continue reading New Coke – Market Research Fail?
Why Should Marketers Target the Subconscious Mind?
Is our subconscious mind really in charge? How many times have you noticed that you completed a task or arrived somewhere without thinking about how you achieved it? That’s your subconscious mind in action, making fast and automatic decisions with little or no conscious awareness of the decisions we make. Why does this occur?… Continue reading Why Should Marketers Target the Subconscious Mind?
How To Use Behavioural Science To Boost Conversions
Is Behavioural Science Key To Effective Marketing? In the book, The Growth Strategy That’s Being Ignored, Paul Rouke and other contributors argue that for conversion rate optimisation (CRO) to be a significant driver of growth a customer centric approach needs to be embedded into the company’s culture. This need to come from the C-suite down and… Continue reading How To Use Behavioural Science To Boost Conversions
The Bandwagon Effect and Why People Follow the Crowd
What is the Bandwagon Effect? The bandwagon effect is a psychological tendency where the adoption of ideas, products or behaviour increases with the uptake (or perceived uptake) by others. This means the propensity of people taking up the phenomenon rises as more people decide or appear to follow the trend (i.e. jump on the… Continue reading The Bandwagon Effect and Why People Follow the Crowd
The Psychology of Pokemon Go
Learn the psychological secrets of Pokémon Go’s success! In just two weeks Pokemon Go, the augmented reality smartphone game designed by Niantic, achieved over 21 million active users in the US, more than Candy Crush did at its peak. The game’s popularity has quickly spread in other countries and it is now becoming a global… Continue reading The Psychology of Pokemon Go
7 Marketing Lessons From The Brexit Campaigns
Why Did Leave Win? The UK’s EU referendum result surprised many people outside the UK. But a review of the strategies used by the campaigns gives some clear reasons for the outcome and provides some important lessons for marketers. The Remain campaign was expected to win partly because of the uncertainty that leaving the UK… Continue reading 7 Marketing Lessons From The Brexit Campaigns
Is It Time To Kill-Off The Conversion Funnel?
Does The Conversion Funnel Exist? The conversion or sales funnel is based upon linear models of decision making such as A.I.D.A (Attention, Interest, Desire, Action). This ignores the reality that people don’t mindlessly go though each step in a mythical conversion funnel until they complete a purchase. People are highly connected and use their social networks extensively… Continue reading Is It Time To Kill-Off The Conversion Funnel?
Does Social Influence Drive Most Consumer Behaviour?
Can most of the things we buy really be the result of the behaviour and opinions of other people, whether openly or through covert imitation? This challenges conventional thinking about how people make decisions and common assumptions that most market research is based upon. However, many of these are false assumptions so isn’t it about time we… Continue reading Does Social Influence Drive Most Consumer Behaviour?