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tagged with all of: marketing-strategy + consumer-behavior
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Negative advertising can effectively capture attention and enhance brand memorability, as evidenced by successful campaigns like Burger King's Mouldy Whopper. Although marketers often shy away from portraying their brands negatively, embracing this approach can lead to memorable and impactful advertising that resonates with audiences.
Many brands are exploring social commerce, particularly through platforms like TikTok Shop, which has seen significant revenue but faces challenges due to a lack of experience and low product-market fit. The author shares insights from their experience in the industry, highlighting the importance of understanding the realities and potential returns of investing in social commerce for brand leaders.
Omission bias plays a significant role in consumer behavior, as individuals often prefer options that involve less action or effort, even if the outcomes are less favorable. This cognitive bias leads to a tendency to avoid making choices that could result in negative consequences, ultimately influencing purchasing decisions. Understanding this bias can help marketers tailor their strategies to align with consumer preferences.
This webinar focuses on navigating the complex landscape of buying signals, helping marketers understand how to identify and interpret these signals effectively. Participants will gain insights into strategies and tools that can enhance their approach to understanding consumer behavior in a rapidly changing market.
A study highlighted that the visual design of product packaging significantly impacts consumer response, with structured designs driving 39% more clicks for serious branding and unstructured designs boosting clicks by 25% for fun brands. Aligning design with brand messaging enhances consumer trust and effectiveness in marketing. Key design recommendations are provided based on the nature of the product being sold.
The article explores the false consensus effect, a cognitive bias where individuals overestimate the extent to which their beliefs and behaviors are shared by others. This phenomenon can significantly influence consumer behavior and decision-making, highlighting the psychological factors that drive purchasing choices. Understanding this effect can lead to more effective marketing strategies and consumer insights.
The article discusses the concept of demand intensity, exploring how consumer behavior and market conditions influence the strength and nature of demand for various products. It highlights the importance of understanding these dynamics to effectively strategize marketing and sales efforts in a competitive landscape.
The concept of "girl math" reflects a broader consumer mindset where shoppers justify purchases as "free" through discounts, rewards, and promotions. This behavior spans all demographics and presents an opportunity for brands to create personalized marketing strategies that resonate emotionally with consumers, enhancing loyalty and engagement.
The goal gradient effect explains how individuals tend to increase their effort as they get closer to achieving a goal, which can significantly influence purchasing behavior. Understanding this psychological phenomenon can help businesses optimize their marketing strategies and enhance customer engagement.
The Ambiguity Effect explains how uncertainty influences consumer behavior, often leading individuals to prefer familiar options over unfamiliar ones, even if the latter may offer better outcomes. This psychological phenomenon plays a significant role in marketing strategies, guiding how products are presented to consumers to reduce perceived risks and enhance decision-making.
The Fear-Avoidance Model explores how fear influences consumer behavior, particularly in purchasing decisions. It highlights the psychological mechanisms that lead individuals to avoid certain products or experiences due to fear of negative outcomes. Understanding this model can help marketers tailor their strategies to address consumer anxieties effectively.
The article discusses the "intention-action gap," highlighting the disparity between consumers' stated desires for sustainable products and their actual purchasing behavior. It outlines a successful strategy to bridge this gap by focusing on familiar packaging, competitive pricing, superior performance, strategic retail partnerships, and bold branding, ultimately leading to increased sales and market share for a sustainable laundry detergent brand.
Requiring customers to complete a small task to obtain discounts can significantly increase sales, with studies showing redemption rates up to 59% higher when tasks like entering a promo code are involved. This phenomenon, known as the Token-Effort Effect, suggests that perceived effort in redeeming a discount enhances the likelihood of purchase, making it essential for businesses to incorporate minimal friction in their promotional strategies.