Posts Tagged ‘Greed’

Neuromarketing: New Research Into Why Customers Buy

Saturday, November 29th, 2008

Top Internet marketers, direct response marketers and copywriters have long believed that people buy on emotion and rationalize with logic. They’ve further identified various emotions, such as ‘fear’ and ‘greed’, as being the emotional drivers behind many buying decisions.

But the new field of neuromarketing suggests that emotionally-driven purchase behavior actually goes much deeper than that. Customers may not even be aware of what emotions are governing their purchases!

Which, as you can imagine, has major implications for Internet marketing, and marketing in general!

‘Neuromarketing’ aims to identify the thought processes behind people’s responses the INSTANT they are presented with marketing information.

It does NOT involve asking people what they think or feel. As you’ll see below… whatever they say could be VERY misleading. Instead, neuroimaging equipment is used to monitor brain activity and where and how it changes when the subject is presented with stimuli. Based on an understanding of the kinds of thinking associated with different parts of the brain, researchers are able to identify the thought processes driving a particular decision.

Here’s an example of the powerful implications of neuromarketing research…

A few years ago neuromarketing researchers studied peoples’ neural reactions during a Coca-Cola/Pepsi taste test.

Interestingly, when the subjects were given non-branded versions of each drink, the taste triggered that region of their brains associated with preferences based on sensory information. The greater the taste, the more this region of the brain lit up.

If you’re familiar with the famous Pepsi Challenge, which Pepsi began in 1975, you’ll know that Pepsi has traditionally outperformed Coke on blind taste tests. Well, Pepsi beat Coke in these blind neuromarketing tests as well.

Interestingly, however, when the subjects were given branded versions of each drink, different parts of their brains lit up.

When the subjects tasted Pepsi, the area of their brains associated with sensory stimulation was again triggered. However, when they were given Coke, an entirely different area of their brains was activated: that associated with LONG TERM MEMORY.

In other words, the brand image of Coke activated thoughts stored in long-term memory. And memory, as it happens, is strongly associated with other regions of the brain that store BIAS PREFERENCES.

Moreover, this time, the subjects tended to prefer Coca-Cola over Pepsi. Which led the researchers to conclude that associations between memory and biases influenced the subjects’ perception of taste.

Other studies by neuromarketing researchers confirm the idea that people make buying decisions based on both a rational or logical analysis of purchase factors AND an emotional chain which biases their decision-making.

But here’s the key distinction - the emotional chain is deeply rooted in the consumer’s previous experiences:

  • Past experience with the product in question;
  • Past experience with marketing communications associated with the product e.g. advertising; and
  • Other past experiences which may, in fact, be rooted in anything from personal upbringing to cultural background.

For example, another study by neuromarketing researchers found that wine shoppers were THREE TIMES more likely to buy wine of the same nationality as the background music playing at the time of purchase.

And here’s another insight from the same research: more than 75 percent of the wine shoppers specifically said that the background music had NO effect on their choice of wine. Further, only ONE of the 44 shoppers interviewed said that the background music influenced their buying
decision.

This study, as well as others, suggests that people MAY NOT EVEN BE AWARE of the key emotional drivers behind their buying decisions!

So what does this mean for Internet marketers and copywriters?

Firstly, it reaffirms the need to understand as much about our target market as possible.

But we can’t rely on what our prospects and customers tell us. And although most of us are unlikely to have access to neural imaging equipment (!)… we CAN use tools available on the Internet to monitor what people do on our websites and in response to our emails.

Over time, we can get a picture of how our prospects and customers behave in response to the different stimuli we provide. This, in turn, can help us gain a better understanding of our customers’ true emotional drivers (as opposed to what we ASSUME to be the drivers).

Secondly, it indicates that everything we do i.e. our products, services, customer service, marketing activities, etc all impact on our prospects and customers on a deep, emotional level. Not only do they develop emotional responses to our marketing but they STORE these responses in their long-term memories.

So while we can’t influence our prospects’ and customers’ emotional responses based on their personal experiences, cultural background, etc, we CAN help influence their emotional responses based on dealing with our product, service, marketing, etc.

In practical terms this really means aiming to create a positive experience (and memory) for as many of our prospects and customers as possible. While that’s nothing new, now at least, we have a greater appreciation of how crucial this is, given the power those long-held associations are likely to have on whether or not someone does business with us.

Source: Phil Harris, “Neuromarketing - marketing insights from neurimaging research”, Insights: Melbourne Economics and Commerce, Vol. 4, November 2008, p. 69-72

Are You Being Conned Into Stealing From People?

Tuesday, November 11th, 2008

Today I reproduce an email sent to me by a Kikabink News subscriber (published with his permission).

WARNING: if you are easily offended, don’t read on.

If, on the other hand, you’re ready for a rather confronting article, go ahead. It’s controversial… I don’t necessarily agree… and it’s definitely food for thought (if you think deeply about the underlying ideas)…

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“Websites that Hypnotize Your Prospects… and COMMAND them to buy! Hypnotic Websites, Hypnotic Email Messages, Hypnotic PR… We’ll show you step-by-step how to create marketing that literally tricks your prospects into obeying your every command…

“Steal this”

“Murder your job”…

and the list goes on.

Can you show me any reason other than greed, as to why anyone would tell you they have a way to MAKE people buy your items? Can you tell me why we have to “steal” this or that to make it on the Internet?

What is wrong with the old fashioned way of selling?

Do a sales page and whatever else it takes to bring prospects to you, and if they want, they will buy. Hell, do a 33 page sales page as some do, but do it right and honestly. Would you want someone to sell you something you do not need just because they found a way to MAKE you like it or think you want it?

Here is an example for you and a crude one at that: would you want someone to put a drug in a drink and take advantage of you, against your wishes? Now you may ask, “what has that to do with Internet marketing?” The reason is that in both cases someone is taking advantage of you in a way you would not normally want.

In your right mind you would not want to go anywhere with someone who spiked your drink, just as in your right mind you would not buy something you really don’t need.

And what about the people who tell you to “steal this” from someone.

Why should I have to “steal” anything? I know it’s a gimmick, and the idea is not really to steal anything. But the use of “stealing” still leads people to believe they’re getting something for a cheaper price. And, if you think about it, such language is appealing to that part of people that is negative and greedy.

I don’t need to steal anything and I don’t need to cheat or dupe people into thinking they need to buy from me. This Internet marketing business should be honest, but it is getting worse every day. Why not call it the “IM419 Marketing”. If you don’t know what a “419er” is, go to Google and search on it. You will find out what I am talking about.

Why should anyone have to “trick” “steal, “kill”, “hypnotize”, “lie” and so one to sell a product? All of those words are negative and appeal to the base side of all of us. Do we need to be criminals to participate in the Internet marketing arena?

If a product is good and serves our purposes then we can buy it. We do not need to be browbeaten and lied to. Nor should we be told how to cheat others to sell. A good sales letter of a few pages to a few dozen should do the job. I don’t think anyone should advertise for a company that advocates what these people are saying.

Besides… what happens when someone wakes up and realizes they have been screwed? Refund time and a host of other problems they wouldn’t have experienced had they been honest. If your product is good, then sell it proudly and with honor. If it is bad, then redo it and try again. How much more simple can it be?

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What do you think? Agree? Disagree?