consider the ikea effect

opportunity 30 of 150 Marketing is the business of managing human behaviour to achieve behavioural outcomes that facilitate commercial objectives. As such marketing cost efficiency cannot occur without an understanding of ‘how’ and ‘why’ consumers do what they do. This series of articles will provide helpful insights into how consumers think and respond. I have […]

opportunity 30 of 150 Marketing is the business of managing human behaviour to achieve behavioural outcomes that facilitate commercial objectives. As such marketing cost efficiency cannot occur without an understanding of ‘how’ and ‘why’ consumers do what they do. This series of articles will provide helpful insights into how consumers think and respond. I have surveyed Ikea customers and asked them what they like most about Ikea. You might be surprised how many say – the meatballs. Others will site the design of the products, the range of product, the experience (really??) and value for money. Few mention when asked, but research highlights that Ikea customers also like assembling flat pack furniture. That’s right, they actually like spending their valuable time assembling what they might have purchased elsewhere already assembled. This same research has suggested that the assembly of this furniture helps buyers feel invested in the furniture. Putting effort…

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Five Tips For Reducing
The Cost Of Branding.

Burning money on branding is more common than most marketers think. Because few businesses truly understand what a brand is and how branding works, advertising agencies, branding agencies and design studios have become expert at spending their client’s money without effective accountability.

Burning money on branding is more common than most marketers think. Because few businesses truly understand what a brand is and how branding works, advertising agencies, branding agencies and design studios have become expert at spending their client’s money without effective accountability.

1. Get out of the boardroom.

Perhaps the two most concerning issues about branding are the lack of understanding about what brand and branding are and the propensity to develop brands in the boardroom, perhaps with the help of a consultant.....

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