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www.cloud-iq.com Leveraging Psychology for e-commerce Presenter: Kath Pay Marketing Director, cloud.IQ Co-Founder, Plan to Engage

Leveraging Psychology for e-commerce

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Page 1: Leveraging Psychology for e-commerce

www.cloud-iq.com

Leveraging Psychology for e-commerce Presenter: Kath Pay Marketing Director, cloud.IQ Co-Founder, Plan to Engage

Page 2: Leveraging Psychology for e-commerce

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•  Marketing Director, cloud.IQ, Co-Founder, Plan to Engage

•  Email Marketing Consultant, Trainer & Speaker

•  Lead trainer for Email Marketing for Econsultancy & the IDM in the UK

Your presenter – Kath Pay

@kathpay @cloudiqapps

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Some of our clients

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Use this information responsibly!

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Want to view the recorded webinar?

Please click here to gain access

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Leverage Personalities

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4 types of web users Jakob  Nielsen  2007  

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4 very different approaches

A:  Search  Dominant/Compe<<ve  B:  Naviga<on  Dominant/Methodical  C:  Tool  Dominant/Spontaneous  D:  Successful/Humanis<c  

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Methodical  –  HOW-­‐type  Ques6ons   Humanis6c  –  WHO-­‐type  Ques6ons  

 What's  the  fine  print?  How  does  this  work?  How  can  I  plan  ahead?  What  proof  do  you  have?  Can  you  guarantee  that?  

How  will  your  product  or  service  make  me  feel?  Who  uses  your  products/service?  Who  are  you?  Tell  me  who  is  on  your  staff,  and  let  me  see  bios  What  will  it  feel  like  to  work  with  you?  What  experience  have  others  had  with  you?  Can  I  trust  you?  What  are  your  values?  

Spontaneous  –  WHY  &  WHEN   Compe<<ve  –  WHAT-­‐type  Ques<ons  

How  can  you  get  me  to  what  I  need  quickly?  Do  you  offer  superior  service?  Can  I  customize  your  product  or  service?  Can  you  help  me  narrow  down  my  choices?  How  quickly  can  I  take  ac<on  and  achieve  my  goals?  Why  will  this  let  me  enjoy  life  more?  

What  are  your  compe<<ve  advantages?  What  makes  you  the  superior  choice?  What  makes  you  a  credible  company?  What  can  you  do  to  help  make  me  look  cuYng  edge?  What  are  your  creden<als?  What  can  you  do  to  help  me  achieve  my  goals?  

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Spontaneous  

Humanis<c  

Methodical  

Compe<<ve  

Design for Personalities

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Two main drivers innate to us all

To Avoid Pain To Gain Pleasure

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loss aversion refers to people's tendency to strongly prefer avoiding losses to acquiring gains. Some studies suggest that losses are twice as powerful, psychologically, as gains.

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Loss Aversion/Scarcity

The desire to avoid loss is a strong motivator for many.

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Scarcity

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Animated gif to assist you

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Priming

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Priming Experiment

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Use  emo<on  to  engage  them  

•  Drawing  audience  in  emo<onally  by  using  images  to  prime  them  

•  11,000  visitors  tested  for  each  page  

•  Increased  conversions  by  40.18%  

Visual  Website  Op<mizer  

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Cognitive Ease

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Use explicit visual guides

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Use Implicit visual cues

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Help them to make a decision

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Images can be powerful

Source:  Neuromarke<ng    

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Use images to support your objective

Source:  Neuromarke<ng    

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Which is true?

•  Adolf  Hitler  was  born  in  1892  

•  Adolf  Hitler  was  born  in  1887  

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Make the objective clear

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Social Proof

When making decisions, we often look at the behavior of others as an example.

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Wisdom of the Crowd

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Modcloth – shoppers vote on future styles. 2 x sales

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Betfairs case Study The test hypothesis was that replacing the mobile offering (which potentially encouraged audience to channel hop) with a message that emphasised a persuasion principle should have greater impact on conversions and increase the clickthrough rate (CTR) to the registration page. VisualWebsiteOp<mizer  

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Reciprocity

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Loss Aversion

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Socialproof – 7% uplift in CTR

96%  Sta<s<cal  Confidence  

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Commitment/Foot in the Door

Agreeing to a small task will make it harder to say no to a large task later.

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A consistency & commitment experiment

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Use the power of a subtle nod The consistency principle: get them to answer “yes” to a couple of questions

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Case Study: Control version

Marke<ngExperiments  

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400% uplift in CTR’s

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Anchoring Effect

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•  Did Mahatma Gandhi die before or after the age of 35?

•  Did Mahatma Gandhi die before or after the age of 140?

Q: How old was Mahatma Gandhi when he died?

How old was Ghandi when he died?

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Framing

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Which  one  is  more  reassuring?  

Same information – just framing it differently

•  The  odds  of  survival  one  month  ader  surgery  are  90%  

•  Mortality  within  one  month  of  surgery  is  10%  

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“Get” not “Buy”

State the benefit rather than what they are parting with. Positive VS negative. WIIFM is obvious.

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Sequence matters

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Who do you think has the better characteristics?

•  Alan:  intelligent-­‐  industrious  –  impulsive  –  cri<cal  –  stubborn  –  envious  

•  Ben:  envious  –  stubborn  –  cri<cal  –  impulsive  –  industrious  -­‐  intelligent  

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Remember to test everything!

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