Free Updates
Navigation
Categories
| August, 2008 (6) |
| July, 2008 (15) |
| June, 2008 (8) |
| May, 2008 (15) |
| April, 2008 (9) |
| March, 2008 (10) |
| February, 2008 (14) |
| January, 2008 (9) |
| December, 2007 (6) |
| November, 2007 (8) |
| July, 2007 (1) |
| June, 2007 (9) |
| May, 2007 (10) |
| April, 2007 (7) |
| March, 2007 (5) |
| February, 2007 (8) |
| January, 2007 (6) |
Search
Archives
| | Sun | Mon | Tue | Wed | Thu | Fri | Sat | | 27 | 28 | 29 | 30 | 31 | 1 | 2 | | 3 | 4 | 5 | 6 | 7 | 8 | 9 | | 10 | 11 | 12 | 13 | 14 | 15 | 16 | | 17 | 18 | 19 | 20 | 21 | 22 | 23 | | 24 | 25 | 26 | 27 | 28 | 29 | 30 | | 31 | 1 | 2 | 3 | 4 | 5 | 6 |
More Links
|
 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)
|
|
|
|
|