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10 Ways to Convert More Customers (with Psychology)

10 WAYS TO CONVERT MORE CUSTOMERS USING PSYCHOLOGY HOW TO CONVERT MORE PROSPECTS INTO PAYING CUSTOMERS The "secret" to more sales is as simple as understanding what the buyer wants. Below are 10 rigorously tested research studies in social psychology that reveal how to ethically persuade more customers to say "Yes!" to your products and services. 1 Help Customers Break Through "Action Paralysis" by Setting Minimums Research by professor Robert Cialdini showcased how adding a minimum to a request increased donations for the American Cancer Society by 78%. 78, Remind your customers about how easy it is to get started ("No payments for the first month!") to help them break through action paralysis. Embrace the 2 OLITICALLE Power of Labels In a behavioral study examining voting patterns, researchers found that people who they randomly labeled as "politically active" were 15% more likely to vote. ACIVE Despite the fact that they were randomly chosen, the label ended up affecting their actions. Label your customers as apart of a superior group and their actions will reflect those characteristics. SPENDTHRIFTS Understand the 3 15% 3 Types of Buyers Neureconomic experts have labeled human spending patterns as (literally) a process of "spending 'til it hurts." According to the research, there are largely 3 types of buyers: Tightwads, Average buyers, and Spendthrifts. TIGHTWADS 24% To sell to tightwads, be sure to focus on bundling products, re-framing product value ($100/month vs. $1200/year) and reducing the amount of small fees associated with your product. AVERAGE SPENDERS 61% 4 Highlight Strengths by Admitting Shortcomings According to data from social psychologist Fiona Lee, customers were more trustworthy of companies who admitted to "strategic failings" IT'S NOT OUR FAULT! over those who blamed external sources for WE CAN DO BETTER company problems (even if they were true!). She concluded that buyers are okay with companies admitting to faults from time to time, as they show that the company is actively looking to fix the problem, rather than passing blame to an outside source. Use Urgency the Smart Way Urgency and scarcity are known to drive up sales, but accord- ing to research from Howard Leventhal, people are prone to block out urgent messages if they aren't given information on how to follow-up. 25% Leventhal proved this hypothesis with a test involving tetanus shots, and found that those subjects who received follow-up information were 25% more likely to go get vaccinated. MORE VACCINATIONS Make Their Brain Light Up 'Instantly' Several Magnetic Resonance Imaging (MRI) studies have shown that our frontal cortex is SENSORIMOTOR FRONTAL EYE LD highly active when we think about waiting for something (that's a no-no for more sales). CERERUM PREFRONTAL PARIETAL LOBE AREA FRONTAL LOBE To better appeal to customers, remind them that your product (or service) can solve their pain points fast. Focusing on quick arrivals, fast shipping, and "instant gratification" can be just the incentive customers need to buy. BROCA'S AREA BROCA'S AREA AUDITORY ISUAL TEMPORAL LOBE PTUTARY HPOTHALAMUS THALAMUS CEREBELLUM 7 Make an Enemy According to some starting research from social psychologist Henri Tajifel, people can be divided (and more loyal to their in-group) from the most menial of distinctions. Companies like Apple leverage this through tactics like their Mac vs. PC commercials. Making enemies is less about being harsh to people or competitors and more about labeling (see #2) your customers. Examples include how some apparel companies are "only for athletes" or how certain beverage companies don't make "wimpy light beer". 8 Stand for Something Of customers who have a strong relationship with a single brand, over 64% said it was because they had shared values with the company in question. 64% A great example is the community that has formed around companies like Tom's Shoes, a company that donates a pair of shoes to those in need for every pair SHARED VALUES of shoes sold. 9 Devil's Advocate Marketers can learn an important lesson from this ancient Catholic tradition: research shows that when groups of people have their ideas questioned by a "devil's advocate", they actually increase their confi- dence in their original stance. Your business can utilize this information by playing the devil's advocate yourself, increasing the confidence of already interested customers (who are the one's most likely to buy your products). Address their concerns and dismiss them with well research information and examples. 10 Keep 'em on Their Toes While customers value consistency, they also like surprises: In a classic study by psychologist Norbert Schwarz, he found that as little as 10 cents was enough to change the outlook of participants who found the money by surprise. Utilize this process of "surprise reciprocity" by creating small WOWS that cus- tomers don't expect. Remember, it doesn't have to be a costly endeavor, it really is the thought that counts. Help Scout Customer support should be a pleasure, not a headache. If you love customers then you'll love Help Scout. Start your free 15-day trial at Infographic by @HelpScout POLIT ACTIVE

10 Ways to Convert More Customers (with Psychology)

shared by GregoryCiotti on Nov 07
When it comes to converting more customers, the secret to more sales is as simple as understanding just what your buyer wants (and expects) from your business.


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