one of the challenges with surveys is that respondents may not always answer questions thoughtfully or consistently. This can result in inaccurate or misleading data, which ultimately undermines the insights marketers hope to gain. People might provide random...
Sales
Understanding Client Motivations and Barriers to Purchase from you
In today's competitive market, understanding why clients choose to buy from you and what holds them back is essential for any business. I wrote this to delve into the multiple reasons that attract clients and the common barriers they face, providing insights drawn...
The Long-term Impact of Irrelevant Cost Cutting in Organizations
In today's fast-paced business environment, organizations often resort to cost-cutting measures to improve profitability and remain competitive. However, not all cost-cutting strategies are created equal. Irrelevant or poorly...
Understanding Impulse Buying: Strategies for Marketers
Impulse buying refers to unplanned purchases made by consumers, often driven by emotions rather than logical decision-making. Marketers can leverage this phenomenon by creating environments and strategies that encourage spontaneous purchases. Here’s a look at the key...
Harnessing Human Behavior and Social Copying: Strategies for Marketers to Boost Sales
Human behavior is often driven by two powerful forces: intrinsic motivation and social influence. Marketers can leverage these forces to create effective strategies that increase sales by understanding and catering to the underlying psychological triggers. 1....
How Do Luxury Brands Ensure a Good Customer Experience Using Psychology to Perceive Value Rather Than Objective Value?
Luxury brands excel at creating exceptional customer experiences by leveraging psychological principles to shape perceptions of value. Instead of focusing solely on the objective features of their products, they craft an emotional and aspirational narrative that...
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