the connection among consumer behavior, psychology and sales
DESCRIPTION
An effective sales and marketing strategy relies upon a firm understanding of consumer behavior and consumer psychology. This is especially true in today’s marketplace, which has made the jump to internet where an entirely new set of dynamics are at play when it comes to marketing and selling to consumers.TRANSCRIPT
The Connection Among Consumer Behavior,
Psychology And Sales
www.cynthiakocialski.com
An effective sales and marketing strategy relies
upon a firm understanding of consumer
behavior and consumer psychology. This is
especially true in today’s marketplace, which
has made the jump to internet where an
entirely new set of dynamics are at play when
it comes to marketing and selling to
consumers.
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Using Limited Time Offers and Urgency to Promote
Specific Consumer Behaviors
When marketing to consumers, many marketers use
limited time offers, sales and even coupons, which
have an expiration date and thus, cultivate a sense of
urgency in the consumer. When the consumer
perceives a sense of urgency, this drives sales as the
individual believes that they must act now or they’ll miss out on the opportunity to make a purchase or
save on that purchase.
Consumer Psychology and the Connection With
Limited Supply
Similar to the limited offer, a limited supply taps into
the co su er’s psychology by creating a sense of
urgency. This sense of urgency impacts consumer
behavior by promoting action.
Social Proof and Consumer Psychology on
the Web
The internet has made it relatively easy for
retailers to use social proof to promote sales-
friendly consumer behaviors. Marketing to
consumers using social proof is relatively
simple.
Strategic Pricing to Impact Consumer
Psychology
Many online retailers and service providers
use specific pricing strategies to impact
consumer behavior and drive sales on a
psychological level.
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