3 links tagged with all of: marketing + consumer-psychology
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The article discusses how Eat Real, a healthy snack brand, struggled with low sales due to its focus on health messaging. A rebranding effort by Midday Studio shifted the focus to taste, making the snacks more appealing by emphasizing enjoyment rather than guilt. This strategic change highlights the importance of consumer psychology in wellness branding.
Sam Hollis argues that brand strategy isn't dead; rather, bad strategy is the issue. He emphasizes the importance of storytelling and understanding consumer psychology, while critiquing recent negative narratives about the state of brand strategy.
Precision in discount percentages, such as 16.5% instead of 17%, significantly increases purchase intent for utility products by creating a sense of urgency. Research indicates that consumers perceive precise discounts as more calculated and temporary, while rounded discounts feel generic and permanent. For luxury items, however, rounded discounts are more effective as they enhance perceived value.