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I spend 18 hours each week turning marketing psychology into readable newsletters.
The Illusion of Choice Read online Give people $1 and two identical packs of gum. Same flavour. Same price. What happens? Most people aren't interested. Thatโs what Kim, Novemsky, and Dharยน found in a South Korean experiment. They gave participants โฉ1,000 and two gum options, both priced at โฉ630. Only 46% bought anything. But then they did something clever. They made the prices slightly different: โฉ620 vs. โฉ640. Now 77% decided to buy. Same gum. Slight price difference. Big impact. Why? When...
Input Bias Read online Does the ๐๐๐๐จ๐ซ๐ญ put into a shop display ๐ข๐ค๐ต๐ถ๐ข๐ญ๐ญ๐บ influence sales? That's what Moralesยน set out to answer in 2005. Participants were shown round the same store, except half saw the shelves ๐ง๐๐๐ญ๐ฅ๐ฒ ๐ฌ๐ญ๐๐๐ค๐๐ ๐ฐ๐ข๐ญ๐ก ๐ก๐ข๐ ๐ก-๐๐๐๐จ๐ซ๐ญ ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ๐ฌ. The other participants saw the same products, but with a ๐ฅ๐จ๐ฐ-๐๐๐๐จ๐ซ๐ญ ๐๐ข๐ฌ๐ฉ๐ฅ๐๐ฒ. The results are striking. Those who saw the high-effort display were willing to pay 24.4% ๐๐๐๐. After seeing a store display like Boots, customers were willing to pay...
Concrete Phrases Read online Which electric bus would stick in your mind? It's not even a competition. Copy that's easy to visualise is easy to memorise. In 2021, Richard Shottonยน showed participants a number of vague phrases, like 'innovative quality', and then some concrete phrases, e.g., 'money in your pocket'. Shottonโs concrete phrases were 8.6x more likely to be remembered. Richard Shotton's Concrete Phrases Study Heโd proved the concrete phrases' effect, a phenomenon first discovered...