TechstryTechstry
  • Entertainment
  • Celebrity
  • Technology
  • Social Media
  • Lifestyle
  • Trending
  • Our App
Facebook Instagram Pinterest LinkedIn
TechstryTechstry
  • Entertainment

    Aches Face Reveal Leak: Uncovering the Mysterious YouTuber and Professional COD Player

    January 20, 2023

    Does Tommy Die in The Last of Us? Explained the Death of Joel’s Brother!

    January 19, 2023

    Why Did Ward Bond Leave Wagon Train? All About Wagon Train!

    January 19, 2023

    Was Forrest Gump Actually a Real Person? Explained History and Inspirations

    January 19, 2023

    The Coeptus Face Reveal: Does Anyone Knows His Real Identity?

    January 18, 2023
  • Celebrity

    Is Meghan Trainor Pregnant?: Know Here If She Is Expecting Second Baby This Summer!

    February 2, 2023

    Christa Miller Plastic Surgery: Know If It Is Fake or Real?

    February 2, 2023

    Star Of ‘James At 15,’ Has Died: Know Lance Kerwin’s Cause Of Death Here!

    February 1, 2023

    Here’s All You Need To Know About Broderick Smiley’s Current Relationship! Is He Still Married?

    January 31, 2023

    Are Ben And Camille Still Together: All That You Don’t Know About Them!

    January 31, 2023
  • Technology

    Download YouTube Vanced Apk for Your Android Smartphone

    January 27, 2023

    How to Use Find My Device on Android to Locate a Stolen or Lost Phone

    January 27, 2023

    What Is Myflexbot? How It Works & Does It Safe for Use?

    January 25, 2023

    Flixhq 2023: Watch TV Series and HD Movies Online for Free

    January 25, 2023

    Top 10 Vegan Food Blogs You Should Follow

    January 2, 2023
  • Social Media

    Libs of TikTok Creator Chaya Raichik Reveals Her Identity in An Interview

    January 20, 2023

    Aches Face Reveal Leak: Uncovering the Mysterious YouTuber and Professional COD Player

    January 20, 2023

    The Coeptus Face Reveal: Does Anyone Knows His Real Identity?

    January 18, 2023

    A Serious Discussion is Needed on TikTok’s Fake Celebrity Death Announcements

    December 30, 2022

    Fake Celebrity Deaths Are Taking Over TikTok, and Parents Aren’t Too Happy About It.

    December 28, 2022
  • Lifestyle

    Riley Keough Net Worth: A Reflection of Success and Hard Work!

    January 23, 2023

    Resolutions for Employee Success: 10 Habits to Adopt in the New Year

    January 30, 2023

    How to Make Your Diamond Engagement Ring Pop (with Melee Diamond Accents)

    September 4, 2022

    Why Is A Pearl Ring Perfect For Your Daily Wear?

    September 2, 2022

    The Biggest Sports Leagues on the Planet

    August 27, 2022
  • Trending

    What Is the Relationship Between Choi Yoon-Jung’s Daughter, Joanna Chun, and V?

    September 24, 2022

    Tiktok Star Drives Users to Google with Giggity 420 Trend!

    September 24, 2022

    Dora’s Boyfriend: Who Is He? What Is the Name of Her Cousin? Explaining the Explorer’s Connection to Diego!

    September 24, 2022

    Polo G’s Girlfriend: Who Is She? Get to Know Crystal Blease on Instagram!

    September 21, 2022

    In Top Boy, What Happened to Dris? and Who Killed Him?

    September 21, 2022
  • Our App
TechstryTechstry
Home»Technology»Behavioral economics: what does your customers' choice have to tell you?
Technology

Behavioral economics: what does your customers' choice have to tell you?

tstadminBy tstadminOctober 18, 2021No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Telegram Tumblr Email
behavioral-economics:-what-does-your-customers'-choice-have-to-tell-you?
Share
Facebook Twitter LinkedIn Pinterest Email

The way in which customers make their purchase decisions is essential for us to understand the best way to influence them.

As much as there are almost infinite ways to understand this moment of The most complete and accurate choice to understand this line of thinking is with behavioral economics.

Uniting economic and psychological issues in a single strategy , this is the key for you to be able to understand your customer more and more and, as a result, influence him!

Come to know everything you need about behavioral economics so that you can use it in your company!

Economia Comportamental: o que a escolha dos seus clientes tem a te dizer?

What is Behavioral Economics?

As we mentioned, behavioral economics is an area of ​​marketing that joins psychology in order to understand the relationship between customer behavior and decision making.

The idea behind this study is to understand the line of reasoning that leads customers to make a choice, so that we can influence this moment of decision.

This is a field of knowledge that has been developing more strongly in recent years 35 years, being strongly influenced by technological advances. This is because, with the great increase in the offer of options and competitors, companies needed to look for new ways to attract and convert consumers.

So, think about what makes you choose between product X or Y? Or what makes you buy brand A and not brand B?

These are the answers that behavioral economics seeks to find!

According to studies carried out by Behavioral Economic , it is estimated that, among the more than 35 thousand decisions daily that an adult human being takes daily, only 35% of them are rational. So the 35% are controlled solely by the emotional.

This is the key to understanding the functioning and importance of behavioral economics. She will stick to studying and influencing these 35% emotional so to be able to convince your client that you are the right choice.

Behavioral Economics and HeuristicsEconomia Comportamental e a heurística

A word that always goes hand in hand with behavioral economics is heuristics. This is for the simple reason that these are very close concepts, both of which work with the relationship between the human emotional and decision-making.

Although very close, these concepts cannot be confused or associated as synonyms, after all they encompass different characteristics.

The heuristic is understood as the automatic pilot of our brain, which is trained over time to help us perform actions without having to think, avoiding the wear and tear on our mind.

It joins behavioral economics as it is driven by emotions.

To better understand, think you want to buy a book new. For this, you access your usual virtual bookstore and buy a new edition.

Economia Comportamental e a heurística

In this simple process we managed to unite the two concepts. It was the heuristic that directed you directly to your trusted site, without even considering searching for another option. And that was because you trust this platform, so behavioral economics encouraged you to make that page your first choice.

How does behavioral economics work?

Because it’s about emotions, behavioral economics works based on what we call mental triggers.

They are persuasion strategies that influence our brain through targeted emotions. It sounds confusing, but it’s actually quite simple.

When you’re on a website and an offer timer is triggered, you feel anxious and a sense of urgency to make a purchase grows inside you , right? This is a mental trigger.

It will help your customers feel the need to consume, always influenced by their emotions.

So, let’s show you 7 mental triggers that contribute to behavioral economics. If you want to understand how to apply them and learn more about the topic, access this content that we have selected especially for you. Just click here!

The power of “free”

    Social exams

      Scarcity Trigger

    Fear of loss

    Partial Ownership Trigger

Framing trigger

  • Anchoring Trigger

    Conclusion

    The Behavioral Economy is a very important strategy for those seeking to gain and retain more customers.

    It is not new that we know that knowledge is the most powerful thing that exists in the world of digital marketing. So, use this economy to get to know your consumer and understand what he needs and, of course, how to offer it in the most tempting way possible!

    Other interesting articles:

  • Hybrid work: Microsoft and LinkedIn Reveal New Trends

    Two-Factor Authentication: How It Works and How Important Is It Digital Security

    Define who your brand is with Archetypes!

    201200

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    tstadmin
    • Website

    Related Posts

    Download YouTube Vanced Apk for Your Android Smartphone

    January 27, 2023

    How to Use Find My Device on Android to Locate a Stolen or Lost Phone

    January 27, 2023

    What Is Myflexbot? How It Works & Does It Safe for Use?

    January 25, 2023

    Flixhq 2023: Watch TV Series and HD Movies Online for Free

    January 25, 2023

    Top 10 Vegan Food Blogs You Should Follow

    January 2, 2023

    What Is Tinder? What You Need to Know About the Popular Dating App

    January 2, 2023

    Comments are closed.

    Recent Posts
    • ’90 Day Fiancé’: Are Ellie and Victor Still Together?
    • Is Meghan Trainor Pregnant?: Know Here If She Is Expecting Second Baby This Summer!
    • Christa Miller Plastic Surgery: Know If It Is Fake or Real?
    • Are Pregnancy Rumors of Camryn Grimes True? Or Is It A Hoax? Find Out Here!
    • Columbian Singer Maluma ‘Almost’ Proposes Girlfriend Susana Gomez In His Birthday Party!
    We Are Social
    • Facebook
    • Pinterest
    • Instagram
    • LinkedIn
    Techstry google news
    About Us

    Techstry.net was created in 2017 with a vision to provide the right information to users. We understand that fans are always curious to get the right updates about their query. Our editor’s team work 24*7 to focus on the accuracy of the content.

    Techstry is a part of BotxByte Media Group.

    Address: R.K. Empire, 150″ Ring Road, Near Mawdi Chowkdi, Rajkot 360004, Gujarat, INDIA.

    Recent Posts
    • Why Use SnapTik App
    • The 9 Best Google Maps Alternatives for 2022
    • A Serious Discussion is Needed on TikTok’s Fake Celebrity Death Announcements
    • Nick and Jawahir from Too Hot to Handle Are Still Together, Right?
    Download Our App Now

    Techstry
    Facebook Instagram Pinterest LinkedIn Twitter RSS
    • About Us
    • Contact Us
    • Disclaimer
    • DMCA
    • Editorial Policy
    • Fact Checking Policy
    • Meet Our Team
    • Write For Us
    • Privacy Policy
    • Sitemap
    • Terms And Conditions
    © 2023 Designed by Techstry.
    BotxByte Media Group Address: R.K. Empire, 150″ Ring Road, Near Mawdi Chowkdi, Rajkot 360004, Gujarat, INDIA.

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
    Cookie SettingsAccept All
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT
    Go to mobile version