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Friday, February 29, 2008
Consumer Study Shows Ignorance Can be Bliss
Posted by Beth
Here's something interesting from a press release issued by researchers at the University of Iowa.
I
n what they term the Blissful Ignorance Effect, researchers at the university's Tippie College of Business found that people who have only a little information about a product are happier with that product than people who have more information.
"We found that once people commit to buying or consuming something, there's a kind of wishful thinking that happens and they want to like what they've bought," said assistant professor of marketing Dhananjay Nayakankuppam. "The less you know about a product, the easier it is to engage in wishful thinking. But the more information you have, the harder it is to kid yourself. This can be contrasted with what happens before taking any action when people are trying to be accurate and would prefer getting more information to less."
So translating to scrapbooking, this may be why it is easier to sell a high ticket product to a customer who knows nothing about it, than to a customer who has thoroughly researched the product and the price.
Nayakankuppam said that the Blissful Ignorance Effect demonstrates that people have a need to be happy with their choice, and will often engage in whatever distortion is needed to justify the purchase. That means playing up the positive aspects while downplaying the negatives.
Nayakankuppam said prior research has shown that before people make a buying decision, they generally like to take an objective, clear-headed view of the products they're considering. During this phase, so-called accuracy goals play a larger part of a person's thinking because they want to buy the product that best meets their needs at a reasonable cost. His research, however, shows that once a decision has been made, the Blissful Ignorance Effect takes hold and the buyer makes that emotional commitment to a decision.
He said the data suggests a shift in peoples' motivations. While they have a need to be accurate before taking some action, post-action it is the directional need to justify a conclusion that is more important, he said.
"Once we've committed to something, we want to be happy about the decision and that drives our perceptions about it," said Nayakankuppam. "It's your decision, it's a part of you, and that creates an emotional attachment. It's sort of like your kid and you want to like it no matter what.
"
Back to the high ticket item. It seems to me that if you have clubs and classes that support die-cutting systems or the use of digital scrapbooking software, the time to sell those to the customer is when they purchase the system.it's all part of the justification process. And if they buy the system but not the education, a follow-up a month after the sale may just result in getting that customer back in for education.
Something to think about this weekend!--Beth
2/29/2008 4:07:44 PM (Eastern Standard Time, UTC-05:00)
Comments [1]
3/1/2008 8:34:14 PM (Eastern Standard Time, UTC-05:00)
This also brings up the subject of oversell. It's so important to pay attention to your customer's reaction to your sales pitch. Just last week I was helping a customer pick out supplies for her daughter's wedding album, going on and on about a specific kit I felt would be perfect. After patiently listening to me for a short time, she put her hand on my arm and told me I had made the sale.
As Dorothy said to Jerry Maguire, "Shut up, just shut up. You had me at 'hello'."
Mary Ihla
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