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Digg it UP - NeuroMarketing - 7 Secrets To Unlocking Your Customer's Brain That Ignites Profits And Sales
Your Team Members Don't Have To Be Perfect sure and avoid pain. According to Kevin Hogan, author, The Science of Influence, “most people react to the fear of loss and the threat of pain in a much more profound way than they do for gain.”I would like to say that, the biggest room in the world is the room for improvement. I believe everyone wants to constantly improve. I believe each one of us is created as perfection; however, the results we create are excellent, so there is lots of room for improvement in what we do. The associates I hired in my bicycle and lawnmower shop like myself, were never perfect; however, they were excellent. Working with them as they improved taught me new ways to show forgiveness, understanding, and patience.My first employee was in a wheelchair from an auto accident that happened when he was sixteen. I hired him to answer the telephone and talk to customers who came into the store. My second employee had one arm. Word spread that I hired people with physical challenges. The placement officer at a local community college with a rehabilitation school called on my business about hiring people with physical and mental limitations. One day the placement officer asked me to interview a young man who was having trouble finding a job. He told me that David was a little shy, did not talk much and was afraid to go on interviews. He requested that I grant David an interview just for practice. He plainly told David that I had no Consumers focus more on not getting hurt over the need to feel great when making decisions. “They overemphasize the importance of pain by about 2.5:1 in decision making.” How to overcome your customer’s “distorted” gain vs. pain trade-off? Key lesson: Marketing guru, Seth Godin illustrates through his Joy/Cash Curve that high value purchases often trigger increasing amounts of buying pain. His solution: add more joy and pleasure to the buying process, such as he did in his work with Lexus. According to Godin, when you make buying pleasurable, you actually reset the customer’s “value meter.” How are you adding more joy to your buying process? 3. The old brain is highly influenced by beginnings and endings. Research confirms that the beginning and ending of an event or experience alters our perception of the entire experience. Our initial impression becomes the “filter” for how we perceive what is to follow. The most recent experi All About Conference Bags Have you ever wondered ….If you’ve ever been to a professional conference, then you’ve probably received one of those lovely little goodies known as conference bags. If you’re an attendee, they seem simple enough – and are one of nice perks of attending a conference. In general, conference bags are tote bags or rucksacks printed with the name of the conference and the sponsoring organizations. Inside, you’ll find all the material you need for the conference, including your name tags, your schedule, speakers biographies, the conference program and other materials concerning the conference. Inside, you’ll also find an assortment of promotional items and materials from various sponsors who have contributed money to the organizers of the conference. It seems simple enough, but pulling it all together can be one of those minor miraculous feats that organizers pull off on a regular basis to make their conferences go off without a hitch.Now it’s your turn to handle the promotional details of a conference and one of your tasks is to order, organize and prepare the conference bags. Suddenly, what looked like such an easy task seems insurmountable and complex. Take a deep breath and relax. It’s not as hard as it looks. Here’s a timeline for making su * Why even the highest priced or lowest quality products sometimes outsell their competitors’? * Why and how your prospects buy the products or services they do, even if their choices seem irrational or impractical? * Why some brands have a devoted cult-like following while others have zero loyalty? A new field called NeuroMarketing – combining neuroscience, marketing and technology – has generated a buzz across every industry and every business sector. Let’s look at how the latest findings can help you convert more prospects to customers and create life-long loyalty and raving fans. NeuroMarketing: Is It The Key To Unlocking Your Customer’s Brain? In traditional marketing, we are told … “follow the proven formula of compelling headlines, benefits, satisfaction guarantee and a call to action, and your sales will skyrocket.” Yet, even top marketers can attest that successful campaigns are a “hit or miss” proposition to find those that generate big sales. Until now … Neuroscience and behavioral sciences – such as NLP (NeuroLinguistic Programming) – are all saying the same thing: “Our unconscious mind – not our conscious mind -- drives how we respond to ads, brands and products and, ultimately, drives all our buying decisions. Customers don’t really know why they buy what they buy, which is why traditional market research fall short.” Let’s take a look at the underlying reason why … the architecture of our brain. Will The Real Decision Maker (In Your Brain) Please Stand Up? According to neuroscientists, there are 3 main parts to the brain, each functioning as a brain unto itself. These “three brains” - nestled inside one another – are as follows. * The “Human” (“New,” or outer-most) Brain: Most evolved part of the brain known as the cortex. Responsible for logic, learning, language, conscious thoughts and our personalities. * The “Mammalian” (Middle) Brain: Also known as the limbic system. Deals with our emotions, moods, memory and hormones. * The “Reptilian” (Old) Brain: Also known as the R Complex controls our basic survival functions, such as hunger, breathing, flight-or-fight reactions and staying out of harm’s way. While neuromarketing is still a young field with many unanswered questions, one finding is clear. The reptilian, or “old,” brain drives your customers’ buying decisions. According to Erik du Plessis in The Advertising Mind, the “old” brain rules all rapid decision-making. Market researcher and Chairman, Archetype Discoveries Worldwide, Clotaire Rapaille said in a PBS interview -- “The Persuaders” – that … “The reptilian always wins. I don’t care what you tell me intellectually. Why? Because the reptilian always wins.” To strengthen your brand, loyalty and sales, you must understand your customers’ “reptilian hot buttons.” A “cortex” message – such as “Buy my product because it is 20% cheaper” – doesn’t buy customer loyalty. It all comes down to who triggers the first reptilian reaction. That’s why Coke, after all these years, continues to dominate the market. The “Reptilian Brain” and Profits: 7 Critical Insights You Must Know About How and Why Your Customer Buys Our “old” brain often overrides our voice of logic and drives all buying decisions for reasons beyond our conscious awareness. To influence your customer’s buying decisions, you must learn how the “old” brain operates and speak its “language.” Below are 7 key insights about the old brain that can add to your bottomline. 1. The old brain is driven by emotions. Our old brain operates on autopilot – ie., a stimulus response mechanism. Emotions are automatic responses to sensory stimuli. The smell of coffee, the sound of the ocean, the view of a setting sun … all trigger an unconscious emotional response. Emotions play a similar critical role in our buying decisions. Business Pundit (www.businesspundit.com) reminds us that “in an oversupplied economy, customer feelings drive purchase decisions and profitability. Your new imperative is to assess and appeal to your customer’s feelings. Welcome to The Feelings Economy.” Key lesson: The more senses you trigger and associate with your products/services, the more you will appeal to your customers’ emotions and influence their buying behavior. 2. The old brain “decides” on the basis of the gain vs. pain tradeoff. The two basic drivers of all behavior and decisions are: to seek pleasure and avoid pain. According to Kevin Hogan, author, The Science of Influence, “most people react to the fear of loss and the threat of pain in a much more profound way than they do for gain.” Consumers focus more on not getting hurt over the need to feel great when making decisions. “They overemphasize the importance of pain by about 2.5:1 in decision making.” How to overcome your customer’s “distorted” gain vs. pain trade-off? Key lesson: Marketing guru, Seth Godin illustrates through his Joy/Cash Curve that high value purchases often trigger increasing amounts of buying pain. His solution: add more joy and pleasure to the buying process, such as he did in his work with Lexus. According to Godin, when you make buying pleasurable, you actually reset the customer’s “value meter.” How are you adding more joy to your buying process? 3. The old brain is highly influenced by beginnings and endings. Research confirms that the beginning and ending of an event or experience alters our perception of the entire experience. Our initial impression becomes the “filter” for how we perceive what is to follow. The most recent experi How to Find the Best Merchant Account Provider for Your Business i>“Our unconscious mind – not our conscious mind -- drives how we respond to ads, brands and products and, ultimately, drives all our buying decisions. Customers don’t really know why they buy what they buy, which is why traditional market research fall short.”You know - the decision you make when selecting a Merchant Account provider may be much more important than you think. Why? Because you will rely on their service many times a day, as you take in credit card payments for your business.The fees your merchant account provider charges, as a percentage of sales, will add up to tens of thousands, even hundreds of thousands of dollars, over the course of a few years!Bad or mediocre customer service can cost you many hours of nail-biting anxiety as you struggle to straighten out problems that may not even be your fault.Hidden fees can cut into your profits while early termination penalties force you to remain stranded without the freedom to get out and retake control of your future.If, for any reason, your credit card processing falters, your business will feel the pain. That is why it's very important that your merchant account provider pass some qualifications including these:Qualifier #1. Integrity of the Provider.Unfortunately the merchant account industry is full of deceptive claims and ruthless businesses that feast on the lack of knowledge that merchants have about our industry. Therefore, be on the lookout for these pote Let’s take a look at the underlying reason why … the architecture of our brain. Will The Real Decision Maker (In Your Brain) Please Stand Up? According to neuroscientists, there are 3 main parts to the brain, each functioning as a brain unto itself. These “three brains” - nestled inside one another – are as follows. * The “Human” (“New,” or outer-most) Brain: Most evolved part of the brain known as the cortex. Responsible for logic, learning, language, conscious thoughts and our personalities. * The “Mammalian” (Middle) Brain: Also known as the limbic system. Deals with our emotions, moods, memory and hormones. * The “Reptilian” (Old) Brain: Also known as the R Complex controls our basic survival functions, such as hunger, breathing, flight-or-fight reactions and staying out of harm’s way. While neuromarketing is still a young field with many unanswered questions, one finding is clear. The reptilian, or “old,” brain drives your customers’ buying decisions. According to Erik du Plessis in The Advertising Mind, the “old” brain rules all rapid decision-making. Market researcher and Chairman, Archetype Discoveries Worldwide, Clotaire Rapaille said in a PBS interview -- “The Persuaders” – that … “The reptilian always wins. I don’t care what you tell me intellectually. Why? Because the reptilian always wins.” To strengthen your brand, loyalty and sales, you must understand your customers’ “reptilian hot buttons.” A “cortex” message – such as “Buy my product because it is 20% cheaper” – doesn’t buy customer loyalty. It all comes down to who triggers the first reptilian reaction. That’s why Coke, after all these years, continues to dominate the market. The “Reptilian Brain” and Profits: 7 Critical Insights You Must Know About How and Why Your Customer Buys Our “old” brain often overrides our voice of logic and drives all buying decisions for reasons beyond our conscious awareness. To influence your customer’s buying decisions, you must learn how the “old” brain operates and speak its “language.” Below are 7 key insights about the old brain that can add to your bottomline. 1. The old brain is driven by emotions. Our old brain operates on autopilot – ie., a stimulus response mechanism. Emotions are automatic responses to sensory stimuli. The smell of coffee, the sound of the ocean, the view of a setting sun … all trigger an unconscious emotional response. Emotions play a similar critical role in our buying decisions. Business Pundit (www.businesspundit.com) reminds us that “in an oversupplied economy, customer feelings drive purchase decisions and profitability. Your new imperative is to assess and appeal to your customer’s feelings. Welcome to The Feelings Economy.” Key lesson: The more senses you trigger and associate with your products/services, the more you will appeal to your customers’ emotions and influence their buying behavior. 2. The old brain “decides” on the basis of the gain vs. pain tradeoff. The two basic drivers of all behavior and decisions are: to seek pleasure and avoid pain. According to Kevin Hogan, author, The Science of Influence, “most people react to the fear of loss and the threat of pain in a much more profound way than they do for gain.” Consumers focus more on not getting hurt over the need to feel great when making decisions. “They overemphasize the importance of pain by about 2.5:1 in decision making.” How to overcome your customer’s “distorted” gain vs. pain trade-off? Key lesson: Marketing guru, Seth Godin illustrates through his Joy/Cash Curve that high value purchases often trigger increasing amounts of buying pain. His solution: add more joy and pleasure to the buying process, such as he did in his work with Lexus. According to Godin, when you make buying pleasurable, you actually reset the customer’s “value meter.” How are you adding more joy to your buying process? 3. The old brain is highly influenced by beginnings and endings. Research confirms that the beginning and ending of an event or experience alters our perception of the entire experience. Our initial impression becomes the “filter” for how we perceive what is to follow. The most recent experi Fabrics Made From Antimicrobial Microfibres Assist in Controlling Odour ith many unanswered questions, one finding is clear.People living in hot and humid climate sweat a lot leaving bad odor which can irritate others. In fact no one is to be blamed particularly if the odor emitting person has made good use of deodorants. Scientifically its been proven that when we sweat microbial bacteria are produced which emit this rather uneasy smell. Odors depend from person to person. Some may smell not as badly as others. Odors at times become unbearable particularly if you are in a public place leading to some kind of embarrassment. Good cultured and learned people do not want to loose their pride due bad odor. So if you are among these gentle people there here is some news for you. A new type of yarn is being produced in the textile industry which is being used to make fabrics that are odor resistant.The yarn is called the body fresh yarn which incorporates antimicrobial agent using a new Technology. This is an advanced silver-based technology to inhibit the growth of bacteria, mildew, mould and other microorganisms that can cause odors, discoloration and deterioration of various consumer and commercial products. By incorporating this technology into the yarn, apparel manufacturers can have a fine microfibres yarn which promises increased freshn The reptilian, or “old,” brain drives your customers’ buying decisions. According to Erik du Plessis in The Advertising Mind, the “old” brain rules all rapid decision-making. Market researcher and Chairman, Archetype Discoveries Worldwide, Clotaire Rapaille said in a PBS interview -- “The Persuaders” – that … “The reptilian always wins. I don’t care what you tell me intellectually. Why? Because the reptilian always wins.” To strengthen your brand, loyalty and sales, you must understand your customers’ “reptilian hot buttons.” A “cortex” message – such as “Buy my product because it is 20% cheaper” – doesn’t buy customer loyalty. It all comes down to who triggers the first reptilian reaction. That’s why Coke, after all these years, continues to dominate the market. The “Reptilian Brain” and Profits: 7 Critical Insights You Must Know About How and Why Your Customer Buys Our “old” brain often overrides our voice of logic and drives all buying decisions for reasons beyond our conscious awareness. To influence your customer’s buying decisions, you must learn how the “old” brain operates and speak its “language.” Below are 7 key insights about the old brain that can add to your bottomline. 1. The old brain is driven by emotions. Our old brain operates on autopilot – ie., a stimulus response mechanism. Emotions are automatic responses to sensory stimuli. The smell of coffee, the sound of the ocean, the view of a setting sun … all trigger an unconscious emotional response. Emotions play a similar critical role in our buying decisions. Business Pundit (www.businesspundit.com) reminds us that “in an oversupplied economy, customer feelings drive purchase decisions and profitability. Your new imperative is to assess and appeal to your customer’s feelings. Welcome to The Feelings Economy.” Key lesson: The more senses you trigger and associate with your products/services, the more you will appeal to your customers’ emotions and influence their buying behavior. 2. The old brain “decides” on the basis of the gain vs. pain tradeoff. The two basic drivers of all behavior and decisions are: to seek pleasure and avoid pain. According to Kevin Hogan, author, The Science of Influence, “most people react to the fear of loss and the threat of pain in a much more profound way than they do for gain.” Consumers focus more on not getting hurt over the need to feel great when making decisions. “They overemphasize the importance of pain by about 2.5:1 in decision making.” How to overcome your customer’s “distorted” gain vs. pain trade-off? Key lesson: Marketing guru, Seth Godin illustrates through his Joy/Cash Curve that high value purchases often trigger increasing amounts of buying pain. His solution: add more joy and pleasure to the buying process, such as he did in his work with Lexus. According to Godin, when you make buying pleasurable, you actually reset the customer’s “value meter.” How are you adding more joy to your buying process? 3. The old brain is highly influenced by beginnings and endings. Research confirms that the beginning and ending of an event or experience alters our perception of the entire experience. Our initial impression becomes the “filter” for how we perceive what is to follow. The most recent experi Dubai - Middle East's Best Employment Destination influence your customer’s buying decisions, you must learn how the “old” brain operates and speak its “language.” Below are 7 key insights about the old brain that can add to your bottomline.Located in the United Arab Emirates in the Middle East, Dubai is a multi-cultural blend of diverse, young, dynamic, and professional people. These individuals come from all over the world in search of Dubai jobs and in order to enjoy the high quality of life that the United Arab Emirates has to offer. This is one the reasons why Dubai has one the fastest growing populations among the major cities of the world.Money is always a prime factor when moving from one country to another. Dubai jobs offer more than the promise of a higher paycheck. The reasons why people are choosing to move to Dubai is that it offers a better quality of life, good employment prospects. All this is combined to provide one of the best working environments and lifestyle choices available in the world today.A big attraction for all the people considering the United Arab Emirates, or specifically Dubai, as their destination is the fact that there are no personal taxes to paid from whatever income supplied to you through employment. This might sound odd to most people around the world. The reason for doing this is not to attract foreign investment. The reason is quite simple: direct taxation is against the rules and traditions of th 1. The old brain is driven by emotions. Our old brain operates on autopilot – ie., a stimulus response mechanism. Emotions are automatic responses to sensory stimuli. The smell of coffee, the sound of the ocean, the view of a setting sun … all trigger an unconscious emotional response. Emotions play a similar critical role in our buying decisions. Business Pundit (www.businesspundit.com) reminds us that “in an oversupplied economy, customer feelings drive purchase decisions and profitability. Your new imperative is to assess and appeal to your customer’s feelings. Welcome to The Feelings Economy.” Key lesson: The more senses you trigger and associate with your products/services, the more you will appeal to your customers’ emotions and influence their buying behavior. 2. The old brain “decides” on the basis of the gain vs. pain tradeoff. The two basic drivers of all behavior and decisions are: to seek pleasure and avoid pain. According to Kevin Hogan, author, The Science of Influence, “most people react to the fear of loss and the threat of pain in a much more profound way than they do for gain.” Consumers focus more on not getting hurt over the need to feel great when making decisions. “They overemphasize the importance of pain by about 2.5:1 in decision making.” How to overcome your customer’s “distorted” gain vs. pain trade-off? Key lesson: Marketing guru, Seth Godin illustrates through his Joy/Cash Curve that high value purchases often trigger increasing amounts of buying pain. His solution: add more joy and pleasure to the buying process, such as he did in his work with Lexus. According to Godin, when you make buying pleasurable, you actually reset the customer’s “value meter.” How are you adding more joy to your buying process? 3. The old brain is highly influenced by beginnings and endings. Research confirms that the beginning and ending of an event or experience alters our perception of the entire experience. Our initial impression becomes the “filter” for how we perceive what is to follow. The most recent experi What Is the Lifetime Value of A Customer sure and avoid pain. According to Kevin Hogan, author, The Science of Influence, “most people react to the fear of loss and the threat of pain in a much more profound way than they do for gain.”Do you know the lifetime value of a customer? If you knew, you would take better care of your customers. Good customers are like comic books and baseball cards. Who would have thought they would become so valuable over time. The better we take care of them, the greater value they yield. It makes me wonder how much Spider-Man or my Mickey Mantle card might be worth on eBay today.Customer Life Time Value CalculatorI was working with a client, when the question came up about the value of a customer. I created a simple equation that calculated the true value of his customer. It was surprising to learn how much each of his customers was worth to him and his business. We needed two pieces of information to determine the value. We needed to know how much the average customer does with him in a year and we needed to know how long the average customer stayed with him. Multiply these two factors and you will have your answer.Customers are like gold, we must strive to retain all our customers and multiply their value in two ways. One way to generate more business is to increase the frequency and value of orders. Another way is to duplicate good customers through referrals, bringing in n Consumers focus more on not getting hurt over the need to feel great when making decisions. “They overemphasize the importance of pain by about 2.5:1 in decision making.” How to overcome your customer’s “distorted” gain vs. pain trade-off? Key lesson: Marketing guru, Seth Godin illustrates through his Joy/Cash Curve that high value purchases often trigger increasing amounts of buying pain. His solution: add more joy and pleasure to the buying process, such as he did in his work with Lexus. According to Godin, when you make buying pleasurable, you actually reset the customer’s “value meter.” How are you adding more joy to your buying process? 3. The old brain is highly influenced by beginnings and endings. Research confirms that the beginning and ending of an event or experience alters our perception of the entire experience. Our initial impression becomes the “filter” for how we perceive what is to follow. The most recent experience leaves a final impression with greater weight. Key lesson: In marketing, for your message to be accepted, it is critical to leave a strong first impression – like a compelling story, a big smile, etc. Also, if a customer has a pleasant or unpleasant experience with your product or company, that most recent experience will influence future purchases more than all other experiences combined. What impression are you leaving with your prospects in the first few seconds or words? How has your last customer contact enhanced or jeopardized repeat sales? 4. The old brain is visually oriented and responds rapidly to images. From the moment we are born, we are able to see shadows and associate meaning to them. In communications, we are told that 65% of our how our message is received is through our physiology (or visual cues). Study after study has shown that someone’s first impression of you is based on your physical appearance. In each instance, it is our old brain rapidly responding to visual cues, not words. Words are the realm of the “new” brain and are secondary in the buying process. Key learning: Enhance and deliver your core marketing message visually – eg., the design of your product, images in an ad, external packaging, etc. Where can you visually strengthen your brand and emotional connection with customers? 5. The old brain perceives the “pain of buying” in relative, not absolute, terms. Neuroscience tells us that the “pain” in the old brain is most activated with price. Not in absolute terms but rather in relative terms – such as fairness vs. unfairness, or alternative uses of dollars. Therefore, how you present or frame your prices could be driving customers away. How can you minimize activating the pain trigger with your price? Key lesson: From various posts by Roger Dooley (Neurosciencemarketing.com), key strategies include: * Emphasize “sales” prices (which does not activate pain in the old brain) * Utilize “package” pricing over pricing of individual components (the latter shows greater “pain activity in the old brain) * Series of small “bite-size’ investments in place of one large investment (Netflix) 6. The old brain understands only what is tangible, physical and concrete. According to Patrick Renvoise, author, Neuromarketing: Is There A “Buy Button” In The Brain?, the old brain is constantly scanning for what is familiar and tangible. It does not understand numbers or abstract terms, like “integrated approach” or “comprehensive solution.” Key lesson: To speak to the old brain, you must use tangible “benefits” -- ie., what a customer will see, feel, hear, taste or smell as a result. Eg., a promise of“greater happiness” is gibberish to the old brain. Instead, tell your prospect how he/she will wake up every morning with a smile. Or use metaphors (such as referring to your service as the “Cadillac” offering) to make your benefits more tangible. 7. The old brain’s control over buying decisions varies from culture to culture. According to market researcher, Clotaire Rapaille, some cultures are very reptilian, such as the American culture. Americans want instant gratification. They have a bias for action. Other cultures – such as the French and German -- are more cortex, control-oriented. Their bias is thinking over doing. Key lesson: Adapt your marketing communications to each culture and what part of their brain drives buying decisions. Use emotional appeal with Americans; use logic with European cultures. While neuromarketing is still in its infancy, it has the potential to revolutionize the way we market our products/services. The most important point is to use it for the right reasons. That is, as a way to better understand your customers and ultimately to better serve them. When used in this way, it can have a dramatic impact on your bottomline.
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