Psychological Marketing Insights

Analyzing the Psychology of Business, Marketing, and Sales ...

March, 2009

 

 

Pain, Pain, Pain, Pain, Pain, Pain….Relief?

Tuesday, March 31st, 2009

Today is March 31st, 2009.

On several news websites I see the following:

Police: Man Fatally Stabs Sister, Decapitates 5-Year Old on Birthday

Gunman Kills 8, Injures 3 at N.C. Nursing Home

Boy Went for Bubble Gum – Met Killer

Migrant Boat Capsized, Hundreds Fear Dead

Chicago-Sun Times Files for Bankruptcy

The goal here is not to depress you and make you sad. Just by glancing at these things one can get an overwhelming sense of frustration and unbelief at what the world is coming to. At the same time we must remember that these incidents, while horrible, are picked from billions of daily events.

So why is everything always so negative?

Well, the news media has learned, if nothing else, to be negative because it captures our attention. The headlines almost force us to grab in and pay attention to the story. Sure, there are some positive stories, but ultimately these negative ones grab our attention better.

And if you want people to take action, or do something, or buy something, or read your story a lot of times you need to put people in pain or stroke their curiosity. Now before I go on, I really think one should be very careful in doing this because you can be highly manipulative and unethical. I think just pointing out the facts can do enough to show your point of view in my opinion

But why pain? Well, this may be obvious to some people but think about it like this. If I smash your toe with a hammer you’re going to be more likely to take action versus a pleasure. Fear of pain, fear of loss determines a lot with us.

But here is the kicker. With everything we discuss often times we do not realize that we are emotionally engaged in something. We get all wrapped up and flustered and can’t think clearly. When you’re watching a good movie and someone calls your name and you don’t hear them…your brain is so emotionally engaged. This is what happens to us all the time.

And then someone comes in to solve our problems for us.

So be careful of what emotional situation you find yourself in. And try to measure it. It is not easy to disengage and realize what is going on.

-Matt

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Top of Mind Awareness? What is it, and why it matters…

Monday, March 30th, 2009

Let’s play a game.

Name an American Car Company… drum roll …. is it Chevy or Ford? (bail out / bankruptcy aside)

Most people when asked choose one of those…

Name a soft drink, or a pop, or a soda (depending on what part of the country)… Coke or Pepsi?

Most people go with this…

Name a fast food place….didja get McDonalds?

Yeah, I know we’re playing Family Feud here :)

What is this concept? It is “top of mind awareness.”

That example above is easy enough to understand, the next part took me a long, long time.

Here’s when it finally clicked…

Think of the last funeral you went to…seriously…stop and do this. It makes it a lot more profound.

Got it?

How long ago was it? How often have you thought of those people? Once a day? Not likely unless it was someone very close to you — a very close friend or family member.

And here is the point I am trying to get across. It wasn’t at the top of your mind…like it was for the people who were involved in the funeral.

Chances are those people have thought about it almost every day…or more.

But you probably haven’t. When you think about it now, it is an “oh yeah…” type of thought.

Now of course there are exceptions, but this just shows that the passing of time happens very quickly.

So what does this have to do with your marketing and the psychology of your customers.

Well, I can just about guarantee you that the second they step out of your store, or they leave your website, or whatever media you use to sell him or her, they are NOT thinking of you.

They are instantly bombarded with the new information they are processing. They are thinking of their new to do lists, their problems, their concerns.

If you doubt this I bet that in the few seconds you’ve ready this…chances are you aren’t actively thinking about the last funeral you went to. Which illustrates this article perfectly.

This is all kind of connected in a muddled way. Proper marketing achieves more relevance in your prospects minds which helps overcome the physical limitations of the information the brain can take in.

So, do you have a strategy to continually follow-up and have top of mind awareness of your customers and your prospects? If not…you’ll be going to the funeral of your business…more than likely. And ask yourself this. How many of your customers would show up? Or would have they forgotten about you?

-Matt

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Do You Know the Power of Words?

Monday, March 30th, 2009

Words are very powerful. Words can start or end wars, begin or end marriages, and have been known to heavily influence marketing.

Here are some examples:

Death tax vs. Estate tax

Energy Exploration vs. Drilling for Oil

Stimulus Bill vs. Spending Bill

And it can go on and on. One set of words can instantly
conjure up emotions, beliefs, ideas, and feelings.

Choose your words carefully. What emotions do you want
your prospects to be feeling –

what thoughts do you want your prospects to be thinking when you are talking to them, or when they are watching, listening, viewing, or reading your marketing piece.

It is best to start with the end goal in mind and reverse
engineer this backwards.

Ask yourself how you felt above when you read the words to yourself.

Politicians know this trick very well which is why they strive to utilize it all the time. The labels we use are VERY powerful.

If you have any doubt in this, be careful or you could end up ending a marriage — or starting one, too. :)

-Matt

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More on Psychological Noise and Clutter…

Saturday, March 28th, 2009

Here’s an important quick assignment you can do which will show you how often your buyers or potential buyers are distracted.

Turn on the television and just watch a television show for a minute or two. Generally it doesn’t matter which television show you are watching — unless it is C-SPAN you should notice something that applies to almost every television show. This is true of sports in between plays or pitches. This is true in commercials. This is true on news programs. This is true of movies on television.  This is even true of talk shows a lot of times.

Can you guess what it is?

The viewpoint or camera angle changes about every 3 to 5 seconds.

What does this have to do with you?

You must realize that if you are boring in your marketing or sales process you are going to struggle.

But you also have to be relevant. So you can’t just run an animal talking on television — that works to some extent, but you must engage them continually.

You must realize that after thousands of hours of television conditioning, your buyers and prospects have been “programmed” to ignore you to some degree.

-Matt

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Do you understand Buying Criteria? Psychological Marketing Explains…

Friday, March 27th, 2009

What criteria do people have when they buy a product or service?

Let me explain more.

Sometimes, but not always, your prospects have a list of things or reasons they are looking for when they buy your product or service. Now, if you ask your prospects sometimes they can clearly enunciate this, and sometimes they can’t. Sure, they will say good quality, etc. but for them to express clearly what they want is a challenge to most people.

And then sometimes people do have a “sort of list” of things they are looking for.

Here is a key thing, however. People generally do NOT know how to buy your product or service. They do NOT know what they are looking for.

So how does this apply to you? Well, say you are in a business to where people do a lot of “price shopping.”

For example, lets just say you do painting in someone’s house.

Sometimes your buyers would have a list of criteria (things they are looking for) and what you need to do is re-set this buying criteria for several things.

First, make sure whatever you are resetting it is in their best interest and you are honestly protecting them.

Secondly, educate them on what needs to be done correctly.

So, if you call up and someone is asking, “How much to paint a 20×20 room?” You can then re-position it to something like this…

“Well, that honestly isn’t the question you need to be asking.

You need to ask these 3 questions to make sure you are avoiding these 3 mistakes.”

And then you educate them on 3 mistakes, or 5, or however many(as long as this is reasonable) mistakes that people make when painting.

It could include the fumes of the paint, the type of paint, allergies, health risks, lighting, etc. In other words, you actually…get this…provide value.

So, while other painters are just doing quotes, you’re educating them on how to buy.

Does this make sense?

The end goal is for you to equip your prospects so they are quizzing your competition with things that…get this…you competition doesn’t understand or cannot answer.

So, if you truly do research and understand and can create a process on the fumes from paint and you have your prospects ask your competition what system or process they have for painting and your competition goes…uhhh.uhhh.uhhh…then you know you’re on the right track.

This does take a bit of work, but once you grasp this concept it can be very powerful.

So ultimately ask yourself this question. What can you do that your competition cannot, or will not educate your customers on?

The painting example is just one I pulled off the top of my head but EVERY business does indeed have things they can do to set buying criteria in their customer’s minds.

Psychological marketing strives to help you do this.

-Matt

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Breaking through the clutter…

Wednesday, March 25th, 2009

How many emails do you receive a day?
How many phone calls?
How many faxes?
How many interruptions?

Do you ever feel overwhelmed? Well, please realize this. Your buyers, prospects, and clients feel the exact same way.

If you are stressed, they are stressed.

So what must you do? You must do what is called a “pattern interruption!”

Here’s an example. You know when a tele-marketer calls you and they start their pitch, instantly you say something like “not interested” or you hang up. That is the brain going “click whirrrrrrrrrr.”

The brain has patterns or systems it follows. So, you must ask yourself how can you instantly interrupt that person’s “pattern” and get them out of their program their brain is running.

Ask yourself what would shock you out of it. Work on reverse engineering this.

-Matt

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Are you a commodity? Psychological Marketing explains…

Tuesday, March 24th, 2009

The question is this: “Why should I do business with you versus someone else?” If your response is, “Because I’m honest,” or “Because I give good quality” then my answer would be: “Well, I would hope so!” Platitudes are abundant in marketing, yet they do little to persuade someone to buy from you versus someone else.

This is where we must educate someone as to why you really are a superior option versus your competition.

How do you do this? Begin with by asking yourself questions as to what would make an ideal transaction for you? What are the biggest problems you face when you

a) go to the dentist
b) get your car worked on
c) hire a home-improvement project.

And then work backwards.

Enter your prospect’s brain.

-Matt

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The Vault of the Mind and Psychological Marketing

Monday, March 23rd, 2009

Often times in sales presentations you have people
who cannot understand why they have been unable
to make a sale.

Think of the brain like this. It is a bank vault. And
to correctly get inside the brain and sell your product
or service you need all the keys to the combination.

Just being one digit off will prevent you from access.

Now you must realize that the people you are selling
to probably cannot understand why they sometimes buy
and sometimes they do not buy. Sure, you must
look at factors such as qualification, budget, etc., but
above and beyond that are you getting the digits right?

Are you conquering the emotions of risk, fear, and doubt?

Are you overcoming their objections up front?

-Matt

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Psychological Marketing: The story of 7 + or – 2 … and your pants.

Saturday, March 21st, 2009

Seven (7) bits of information.

This is what the body/brain/mind/psycho-somatic nervous system can take in at a time.  Or so says This Article .  Whether or not this is specifically true, here is an exercise to prove my point.  You cannot possibly process all the information you are exposed to.   Just right now there is probably a computer fan, or music, or traffic, or a slight hum in the background.   And here is my point.   Until I called that to your attention, you didn’t “notice it.”   You may have heard it, but you were not consciously processing it.

Unconvinced?   Well, feel the pants on your body right now.  Feel the smoothness, or roughness, or the texture.  Until I pointed that out you probably were not processing that information.   So, the brain can only handle so much information, otherwise we would go insane.  So what is the key?

With psychological marketing you must capture someone’s attention and hold their attention.   Often times when you think people are listening, they are NOT listening.   They are thinking about what they are going to have for dinner, or a problem at work, or the weather.

Oh what’s that you say?   You believe they are actively listening to you, interested, and engaged?  Well, all I can respond to you with is this:  “Are you still actively feeling your pants, and hearing the hum or fan or traffic in the background?

And this illustrates 7 + or – 2…

Matt

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