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I spend 18 hours each week turning marketing psychology into readable newsletters.
Mystery Effect Read online I submit a gas and electricity reading every month. Not because I'm diligent or disciplined. But because my supplier (Octopus Energy) nudges me to do so. Every time I leave a gas reading, they let me spin a wheel to win a potential reward. Most suppliers just ask for a reading (left). Octopus offer a chance to win (right). I've shared this before, but I haven't shared much evidence as to why it works. So, take a look at these images from a 2022 study¹.Which would...
Long-Term Goals = Success? Read online You've probably heard of the “Yale Goal Study". Here's the study. In 1953, researchers interviewed Yale’s graduating class. They asked a simple question: “Have you written down your goals for life?” Twenty years later, they tracked the same students down. And discovered something dramatic. Just 3% had written specific goals. And that 3% had built more personal wealth than the other 97% combined. It’s a perfect self-help story, with a simple lesson. Make...
Incentives: Do they work? Read online I've been critical of incentives in the past, citing examples where they backfire. But this¹ incredible 2016 study altered my opinion. Across 63 schools, 10,649 pupils in their final year of GCSEs took part in an experiment. The schools in the study. The students were split into three groups: Control group: these students received no financial incentives Financial rewards: would receive to £320 for attendance, behaviour, classwork and homework...