1. Establishing deeper value.
There’s one thing that is safe to assume about a majority of
the audience reading this, and it’s that you are within arm’s reach of your
smart phone (and perhaps reading this on it). Why is that? It’s just a little
piece of technology used to make calls, right? Well, it certainly wasn’t
marketed to you that way. Apple is one company in particular that has thrived
on their ability to effectively market to emotions. Apple’s 2013 Christmas
commercial for the iPhone tells the story of a young boy who used his iPhone to
capture candid video clips of his family on Christmas day and then puts
together a short video that leaves his mother in tears. Apple was not just
selling a phone in this commercial. It was selling a feeling of love, belonging
and connectedness. So how does this translate to your marketing strategy? As a
rule of thumb, keep this methodology in mind: benefits first, features second.
It’s important to explain to your audience what your product or service does,
but it’s even more important to explain what it does for them. How well your
product satisfies that intrinsic need is what will set you apart from the competition.
2. Alleviating psychological pain.
People avoid what makes them unhappy. This desire to avoid
pain, also referred to as the psychology of pain, can be implemented into your
marketing strategy and used to leverage your relationship with your audience. What
do your prospects want to avoid most? Whether it be embarrassment, anxiety,
fear or any other negative emotion, you can use the psychology of pain to your
advantage. Industries like health and wellness or financial services typically
use the psychology of pain to demonstrate their value to people by directly
addressing obesity or debt in their copy. Keep in mind, there is a fine line
between motivation and manipulation. To remain ethical, avoid making unbacked
claims and always make sure you are providing a genuine and effective solution
to your audience. It’s okay to hit them where it hurts, as long as you truly
can provide a solution.
3. Eliminating regret.
In a Ted Talk by psychologist Barry Schwartz, he talks about
a concept called “the paradox of choice.” Schwartz refutes the common
misconception that more choices equates to more freedom. Instead, he says that
“choice has made us not freer, but more paralyzed, not happier, but more
dissatisfied.” The paradox of choice is a concept that should be considered in
conjunction with how you reduce regret for your customers. Too many product or
service offerings at once risks overwhelming and frustrating your customers to
the point that they regret their decision. In some cases, more options can
actually mean fewer sales and less satisfaction. Keep this in mind when
launching promotions for your business. Rather than offering a promotion on a
wide array of products or services, the paradox of choice suggests that
narrowing down to one or two options will be drive more sales in the long-term
and decrease return rates. Keeping in mind the concepts presented above, you
can establish value for your audience, sell your solution and minimize
post-purchase regret. From there, you can continue strengthening your emotional
connection with your audience to build long-term, profitable relationships.
Source - Entrepreneur
No comments:
Post a Comment