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I spend 18 hours each week turning marketing psychology into readable newsletters.
The Framing Effect Read online Here's a thought experiment. You've been told you have lung cancer. The doctor asks if you want treatment. She tells you: "68% survive one year after surgery" Hearing this, you'd probably opt for surgery, that's what the majority pickยน. But what if the doctor said: "32% die within one year after surgery" Now, if you're like those in thisยน study, you'd be less likely to choose surgery. It's the same odds of survival. But the wording changed behaviour. This is the...
Target Timely Moments Read online Want someone to adopt a new habit? Contact them after a significant life event has occurred. This studyยน conducted by the Behavioural Insights Team proves it. They found that a promotional leaflet for a cycle share scheme in Portland, USA was nearly 4 times more effective when they targeted ๐ก๐จ๐ฆ๐-๐ฆ๐จ๐ฏ๐๐ซ๐ฌ, compared to ๐ฆ๐น๐ช๐ด๐ต๐ช๐ฏ๐จ ๐ณ๐ฆ๐ด๐ช๐ฅ๐ฆ๐ฏ๐ต๐ด. BIKETOWN was launched in Portland. All residents were sent this leaflet, but focusing on new movers is more cost-effective....
The Red Bull Story Read online Dietrich Mateschitz discovered an energy drink in Thailand. It was cheap and used by factory workers to stay awake. Mateschitz took it back to Austria and set up focus group taste tests. They didn't go well. Red Bull was describedยน as: "Awful", "horrible to taste", and "disgusting". And yet, this "disgusting" drink sells 12.6 billion cans a year. Here are three possible reasons why. Anchoring Price can act as a signal of quality. Rather than charging the Thai...