Here is a site that everyone should visit. Consumer Psychology is a site dedicated to the analysis of the way people shop and consume products.
Do you think you are saving money by buying the bulk value packs? No way, they are probably costing you money.
Larger package size increased product usage between 7% and 43%.
Do you think you are saving money by buying "no name" or generic brands. Nope your not.
Consumers poured 9% to 36% more from a sale-priced bottle of liquid cleaner (lower per-unit cost) than a full price bottle.
Why do you think stores impose a "Limit of 12 per customer", you buy more when they do.
When consumers shop for groceries, such as soup, they determine how much to buy based on how many they normally buy. For example, a customer might normally buy 2 or 3 cans of soup without giving it any thought. In effect, they "anchor" on the number 2 or 3 when they decide how many to buy. If you could increase that anchor number through marketing, purchase amounts would rise as well.
This site makes fascinating reading.
There are many jewels hidden amongst the leaves in this forgotten part of the ancient forest. Spend some time browsing and you are sure to find some. Click here or continue your search below
or read the most recent entries here.Hey thanks, I love this stuff. Blog on!
Posted by: Bene Diction at January 4, 2004 11:03 AMThe site is brilliant. It is very important to understand a consumer psychology to be successful. I bet any good psychologist could be a great seller as well.
Posted by: Renee at June 10, 2004 04:11 AM