The Psychology of Marketing
Your business psychology is crucial for survival. The psychology of marketing has grown to such an extent in recent years, because of The Internet, that businesses NOT employing psychology will probably falter and fail in the face of fearsome competition.
"So.. what's it all about?"
Marketing psychology is basically about two areas:
1) Market Segmentation - groups within your market
- defining the target market by age / sex / education / occupation / interests / geographic area and determining NEEDS and wants
- Known as demographics and the subset: psychographics
2) Understanding the buying process - in steps:
- i) Pain, Need or Want - addressing these!
- ii) Information-seeking - provide free information / trial
- iii) Narrowing to Valued Options - channeling / reassuring
- iv) Purchase actions - need security and privacy. Safe?
- v) Reinforcement - comfort of a money-back guarantee of satisfaction. Risk-free. Risk reversal. Reassurance. Security.
- vi) Follow up contact. Personal. 'Making friends' is best.
One-Time-Offers - irresistible - at time of purchase, PLUS:
From a back-end database you can 'Upsell / Cross-sell' with further, related offers, but remember this:
Keeping the customer depends on excellent customer support! - like spoiling them with free gifts and informational updates on a regular basis. Free reports.
- Giving them 'hot news' releases. Over-delivering VALUE.
The psychology of marketing starts with PREselling with free information, moves through guidance with comparison shopping.. then closes with excellent customer service (reputation). Under-promising and OVER-DELIVERING.
Look at this offer for how to do affiliate marketing: The emphasis is on over-delivering real value:
Let's now look at framing.
Using Framing In Marketing
What is framing and how is it used in marketing today? It's a very close cousin of 'presentation' - but they're not identical. Mark Joyner wanted to become a #1 bestselling author so that people could introduce him to others with this pre-conception of a #1 author working for him. A powerful example of framing. Presenting someone, a product or brand in a certain light. - in a 'frame.'
The VALUE to You is in your perception of how something was presented. The surrounding context shapes relative perceived value. For example, a product cast untidily into a large bin in a $2 bargain shop, say a men's shirt, may be identical with the shirt sold in a London, Saville Row gentleman's outfitters. One shirt is framed by pre-conceptions of the $2 shop. The other is framed by preconceptions of an expensive London shopping location. Framed by status appeal.
(Very strong.. esteem need.)
For me, this journey has led me to creating a marketing training VIDEO aptly named Marketing 101. This video features some basic and some advanced psychological ideas for business -- so it's a well balanced MIX :
Marketing Psychology VIDEO - see Bryan Winters
Join today for only $2. More than the psychology of marketing waits for YOU here!
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Psychographics - a subset of demographics
psychology of marketing - 8 FREE eBooks for business
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