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How marketing psychology can improve your bottom line

In business, as in life, sometimes it’s the little things that generally result in making the most meaningful impact. And then  applying marketing psychology to the business is thus one such example. Using the psychological principles can however  help one in order to boost sales and also generate leads. After all, the  marketers generally want to understand their customers. And then by understanding their psychology, they can thus also  know as to what makes them buy and why they thus don’t. This isn’t however  just one of those marketing trends which generally  seems popular for only five minutes and one would however  never hear about again. These are thus the  legitimate tools which the marketers use. Marketing psychology is thus considered as thus one of those little things, which can however  have a huge impact on the bottom line.
The purpose of this article is to make the reader aware of the fact as to what are the ways in which marketing psychology helps in order to improve the bottom line.

1.    Keep your friends close
By keeping the friends close, the enemies would however closer … We however  all like to feel like we belong. Thus In  marketing psychology, this is however  called as  social identity theory and it also  explains as to why most of the  people identify with a particular group or either a belief. But it generally is, of course, unrealistic in order  to expect everyone to like you. One must however look at the ongoing arguments which is  about Mac versus PC, Apple versus Android. No matter as to how much one group generally  feels that they’re right, the opposing the side however feels equally correct. This thus means that one generally needs to market to the people, the loyal customers. There’s thus however  no point by generally trying in order  to appeal to everyone.

2. Be generous

People however  like free stuff. And when the people generally receive something for free, they thus would  feel indebted to you and would thus also want to do something in return. As a business person, it’s generally  up to one in order  to create something which one can however give to the customers. One must thus think about the valuable blog content, interesting social media shares, and a downloadable ebook. Marketing psychology thus dictates that the customers will however respond by signing up to the newsletter, giving you that all-important like or thus also even buying a product.

3. Conform

If anyone was in a situation where anyone did not know as to how is one supposed to appropriately behave. This situation  could thus  have been when one was wondering as to  what is one supposed to wear for a new job or whether one should be the first in order to grab a drink at a party. Whatever the situation however is , we thus all react the same in all of these situations. We also thus look to see what those around us are thus doing. We also thus look at what our new colleagues are wearing and thus also  wait for someone else in order  to take a beverage. Because we thus see others however  behaving in certain ways, we thus feel like we’ve been given permission in order  to do the same. In marketing psychology, this is thus  known as social proof, a form of conforming. There are thus ways in which one  can convince the customers of this. Also, one  could create media buzz, share testimonials or either add social sharing buttons to the website content. All of these thus encourage others in order  to participate and then engage with the business.

4. Avoid loss

Also, People generally  don’t like in order  to lose what they’ve already gained. This is why the people who generally  sign up for a free month in order  to test a product will however rarely cancel their subscription thus  once the month has come to an end.


5. The marketing psychology of scarcity
“Last day to buy” and also the fact as to  “Only three tickets left” are thus the types of messages that generally  strike in order  fear into the  consumers’ hearts. These messages also thus make them in order  want to act immediately, whipping out their credit card however before they’ve had time in order  to really think about what they’re however  doing. This is thus one of those moments when SMS marketing is however so effective. The urgent message is thus  however delivered directly into the palm of the customer’s hand. SMSes are also thus opened almost 100% of the time and also thus within just a few minutes.

It thus has also often been said that the customer is thus more interested in the benefits of a product thus than the features, and that is also thus certainly true. However, one can still also  highlight the potential losses , the  customers  might thus  feel in the offers as well, and this can thus also  lead to more sales.
Applying marketing psychology to the existing marketing efforts can thus also make a big difference. Boosting the  bottom line could thus however be a few quick tweaks away.


This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST SoftwareGST Return FilingGST Registration, Section 8 Company RegistrationNidhi Company RegistrationIEC RegistrationFssai LicenseFile ITR Online.

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