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I spend 18 hours each week turning marketing psychology into readable newsletters.
Barnum Effect Read online Why does the ad on the ๐ซ๐ข๐ ๐ก๐ญ capture attention? Well, it might be down to the question.Rohini Ahluwalia and Robert Burnkrant's studyยน in 2004 tested two types of ads. Statement-based ads: "You haven't had a pear in a while."And... Question ads: "When was the last time you had a pear?" The researchers found that ads using questions are rated 14% ๐ฆ๐จ๐ซ๐ ๐๐๐ฏ๐จ๐ฎ๐ซ๐๐๐ฅ๐ฒ than statement-based ads. So, why not turn your statement into a question? I tested this myself in two...
The Country-of-Origin Effect Read online Youโre thinking of buying a new pair of running shoes. Usually, you go with Nike. But this time, youโre considering Umbro (a lesser-known brand). Then you find out: Umbro makes their shoes in the UK. Nice. It's always good to find locally made brands. Youโre willing to pay a decent price. But the next day, you hear Umbro are moving production to South Korea. Now, would you still pay the same? Probably not. Thatโs exactly what these researchersยน found....
The Anchoring Effect Read online In the 1970s, Tversky and Kahnemanยน ran a simple experiment. They asked people: "What percentage of African countries are in the UN?" But before answering, participants had to spin a wheel with numbers from 0 to 100. The wheel was rigged to land on either 10 or 65. Then came the important question: "Is the actual percentage higher or lower than that number?" After that, participants gave their best estimate. Hereโs what happened: People who saw 10 guessed 25%...