Marketers are constantly seeking to create engagement with their buyers & drive actions that help buyers to move rapidly through their customer lifecycle.
The below points illustrates the strong intersection between modern marketing and psychology & what Marketers can achieve by using consumer psychology in marketing:
- Persuasion Architecture: It is simply designing the website, or in this case, the email and the customer journey in such a way as to convince and persuade a buyer to convert.
- Emotion-Driven Behaviour: Once you have persuaded potential buyers emotionally (albeit unconsciously), they will rationalize that choice on their own.
- Social proof: People are more likely to find actions when others are doing them (Crowdsourcing Products).
- Scarcity & loss aversion: Buyers tend to act quickly when they are told that a product or special offer won’t last long.
- Reciprocity: The human nature dislikes being indebted to others, which is the basis of the Reciprocity Principle.
- Commitment & Consistency: Human beings have a deep need to be seen as reliable and true to our word.
- Anchoring: Which describes the common human tendency to rely too heavily on the first piece of information you receive (the “anchor”) when making decisions.
An Example for Reciprocity—Discount for Contact Information
An Example for the Effective Anchor Effect with Original Price
What’s in the “Leveraging Psychology in Digital Marketing” eBook:
- Persuasion Architecture
- Emotion-driven Behavior
- Social Proof
- Scarcity Email Scarcity and Loss Aversion
- Commitment and Consistency
Number of Pages: