Consumer Behavior Final Flashcards
(124 cards)
the emotional button
Amygdala/Limbic system (emotional brain)
Marketing & Research implications
We don´t sell products/services/brands… we sell emotions
The main basic emotions
We tell relevant & emotional stories (storytelling)
Brands which better emotional connection, grow more
Emotional linkage:
Low +32%
Intermediate +110%
High +191%
How to connect our brands, products & services to the reward system (motivations)
DOPAMINE
REWARD SYSTEM
directly determines brand growth
Brand experience:
Low -8%
Intermediate +92%
High +188%
Consumer mind has brake & throttle (accelerator) for decision making
Frontal lobe
Limbic system
we are trying to understand how “buy bottom” works
true
Brain/mind is saturated a way to catch attention…;
innovation
Innovative brands achieved better shareholder return
Invest more on advertising
At able to grow 7x
The average brand scores > 100 Disney, Apple, Microsoft, IKEA, Pampers
Emotional braib
Limbic system
Brands have to be ……………..to get room in the consumer mind
MEANINGFUL, DIFFERENT &; SALIENT,
Spotify / Google / Whatsaap / Apple / ZARA / NEtflix /Instagram
Motivations (positive valence)
comes from the Latin word “movere”, which means “to move”
is an “inner state of arousal”, with the aroused energy directed to achieving a goal
evokes a psychological state in consumers called “involvement”
Motivation has to do with the reward system
Barriers (Negative valence barrier)
is an “inner state of arousal”, with the aroused energy going in an opposite direction regarding a determined object
In a consumer behavior context the result of a barrier is avoiding a determined product, service, brand, experience, packaging, advertising campaign
Marketing and Research implications (Motivations and Barriers)
Marketing team support its product, service, brand… on motivations and try to avoid every barrier (having in mind the consumer perception & experience)
Similar terms with Motivation and barriers
Motivations barriers Drivers brakes Gains pains Advantages disadvantages Likes dislikes
Determines the brand growth
Brand experience
Gap Between motivations and Barriers
Neutral (indifference)
Ambivalence
Motivations (individual differences)
The motivations and barriers of a consumer depend on her/his personal learning history about pleasure or displeasure experiences
How to distinguish Motivations
Level of motivation
Direction of the motivation (object)
Things related to dopamine and reward system
Meditation Series Reading books Music Running Football Sports Fashion Beer Coke Cheese Hamburger Coffee/tea Chocolate
What affect motivations?
- Personal relevance
- Values
- Needs (desires, impulses…)
- Goals
Business, Marketing and Research implications of motivations
- To segment and target specific markets
- Enhance motivation to process communication
- Product development and; positioning (R+D)
Motivations and; sorroundings
Values
Needs
Goals
Beliefs
Attitudes and; sorroundings
Personality
Lifestyle
Behavior and; sorroundings
Habits
Routines
Rituals