Tags ArchivesMarketing Psychology

Why Understanding Consumer Behavior is Vital to Viable Marketing standard

No business can function without an effective marketing strategy. Having a great product or service is an important first step in building a business, but if no one knows the product exists, a company will never be very successful. Marketing is the engine behind business growth and sustainability. To create a viable marketing strategy, marketers need to have an in-depth understanding of the company’s ideal customers. It isn’t enough to know their income or age range — getting good results from marketing campaigns depends on understanding consumer behavior. What is Consumer Behavior? What goes through your mind when you decide to make a purchase? It depends on who you are, what kind of product you’re buying, and why you’re making the purchase. ...

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How to Increase Brand Awareness Using Marketing Psychology standard

There’s a lot that goes on in the human brain when we decide to buy a product. Although not many marketers are psychologists, having a basic understanding of the science of psychology and its uses in marketing can be very helpful. Here’s how psychology can help you increase brand awareness that can ultimately lead to more sales. What Is Marketing Psychology? The concept of marketing psychology is simple: using the principles of psychology to influence more people to follow a brand and buy products or services. It’s also known as “neuromarketing” and it can be a powerful way to increase the effectiveness of marketing campaigns. Marketing Psychology 101 There are 10 main principles of marketing psychology that can be used in different contexts ...

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