Sunday, April 29, 2012
FanCulture: The Evolution of Influence
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FanCulture: The Evolution of Influence
Saturday, April 28, 2012
Friday, April 27, 2012
Which ads are winners? Your brain knows better than you do
Which ads are winners? Your brain knows better than you do
Wednesday, April 25, 2012
Bloomingdale's virtual reality shopping
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Bloomingdale's virtual reality shopping
Sunday, April 22, 2012
Saturday, April 21, 2012
Supermarket visitors are not behaving as they intended to do
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Supermarket visitors are not behaving as they intended to do
Thursday, April 19, 2012
Fashion Color Trends in Real-Time
Pimkie Color Forecast - Technical video from Color Forecast on Vimeo.o
Fashion Color Trends in Real-Time
Animated Twitter Ad
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Animated Twitter Ad
Wednesday, April 18, 2012
RETAILOMANIA: The End Of The Retail World As We Know It
RETAILOMANIA: The End Of The Retail World As We Know It
Holography for your store maybe?
or how about an augmented reality topped with a holographic illusion for your product display?
I think we are going to se more of this during the years to come.o
Holography for your store maybe?
Tuesday, April 17, 2012
To bundle or not to bundle?
The authors found this “presenter’s paradox” across many product domains from bundles of music to hotel advertisements, scholarships, penalty structures, and gifts. For example, presenters who created packages for an MP3 music player chose to spend more money to make the package look more valuable, but to consumers it seemed cheaper. In another study, people perceived a $750 fine for littering to be more severe than a $750 fine plus two hours of community service.
“These discrepancies between presenter and evaluator perspectives result from their different tasks, which elicit different processing information styles,” the authors write. For presenters, more components add value, but evaluators, who tend to average, have a different perception.
Presenters should be aware of the consumer tendency to average when they’re creating product bundles or presenting information. “Whether a public relations expert is deciding which reviews to include on the jacket of a book, a guru at a record label is deciding which songs to include in a music album, or a legal team is building up arguments for a legal case, they all face the important task of deciding what information to include in their presentations,” the authors write.
“Fortunately, there is a simple remedy: Taking the perspective of the evaluator and asking yourself how the bundle will appear to someone who averages across its components will alert you to the fact that others will not always share your sense that more is better,” the authors conclude.
To bundle or not to bundle?
Monday, April 16, 2012
Rose-Colored Glasses: Are Optimistic Consumers More Likely to Trust Salespeople?
“As consumers, we make many decisions each day that may or may not turn out the way we hope. Since we know salespeople may have their own reasons for the advice and recommendations they give, trusting a salesperson may put us at further risk of making a bad decision,” write authors Andrew E. Wilson (Saint Mary’s College of California) and Peter R. Darke (York University).
The authors examined how consumers balance the tension between trust and protecting themselves from making bad decisions. For example, in one study, they asked participants to choose between two digital cameras that a salesperson had recommended. Half the participants told the researchers how much they trusted the salesperson before they made their choice; the other half rated their trust after the made their choice. The authors asked all the participants to tell them how much they believed their personal world was a place where they generally got what they deserved. “Our data analysis shows that after making a choice, individuals who believed in a just world trusted the salesperson more than those who did not hold this belief,” the authors write. Before making the choice, both groups trusted the salesperson equally, which demonstrates that people use their belief in a just world to cope with the possibility of having made a bad decision.
In another study, the authors manipulated worldviews and found that optimism also led to increased trust in salespeople after purchase decisions, but only when participants did not detect an ulterior motive in the salesperson.
Finally, in a third study, the authors discovered that the coping mechanism they studied only occurred when consumers were considering their own purchases, not others’. They also found that consumers who showed “optimistic trust” ended up more satisfied with their purchase decisions.
“Consumers who believe they live in a just world use this belief as a resource in coping with the difficulty of making consumer decisions, and this has the somewhat surprising effect that they end up trusting salespeople more following a choice,” the authors conclude.
Rose-Colored Glasses: Are Optimistic Consumers More Likely to Trust Salespeople?
How Does the Global Financial Crisis Affect Consumer Decision Making?
“The global financial crisis has badly shaken the financial stability of consumers, small businesses, large financial institutions, and even national governments,” write authors Eesha Sharma and Adam L. Alter (both New York University). “We sought to understand how the experience of financial deprivation might affect various stages of the consumer decision-making process—beginning with how people visually perceive goods and ultimately concluding with their choice and consumption of those goods.”
In one study, researchers approached people in a New York City park and asked them how they felt about their financial position compared to their peers and compared to the previous year. In another study, New York University undergraduates were prompted through a writing task to experience either deprivation or privilege; they then completed tasks where they picked out objects from visual arrays. In a third study, the authors found that financially deprived participants not only consumed more M&Ms than people who felt privileged, but they also preferred scarce ones to abundant ones.
“States of deprivation prompt heightened visual sensitivity to and preference for scarce goods that appear to be unavailable to other consumers,” the authors explain. “Indeed, the effects only arise when consumers believe that scarce goods have not been obtained by others, and when they are unaware of how their financial state might be influencing their thoughts and feelings.”
“These results suggest that consumers ought to be vigilant when shopping in a state of deprivation, since their purchasing decisions might be unduly swayed by the ensuing experience of discomfort,” the authors write. “Meanwhile, scarcity marketing might be a useful tool for policy makers who seek to promote adaptive behaviors like healthy eating, physical exercise, and financial saving.”
How Does the Global Financial Crisis Affect Consumer Decision Making?
Sunday, April 15, 2012
Friday, April 13, 2012
Multitasking – not so bad for you after all?
Multitasking – not so bad for you after all?
Social Media ROI
New Facebook Brand Pages: A first look at usability
New Facebook Brand Pages: A first look at usability
Tuesday, April 10, 2012
Consumerism and its antisocial effects can be turned on—or off
Consumerism and its antisocial effects can be turned on—or off
Customers Acquired Through Google Search Advertising More Valuable Than Previously Thought
Customers Acquired Through Google Search Advertising More Valuable Than Previously Thought