Last week, we saw that order of presentation of a small number of products dramatically affects consumer preference. (See Order Effect Affects Orders.) But how do our brains cope when choices number in the hundreds or thousands, and how do websites best match products or services to their visitors? First, a warning – Neuromarketing reader [...]
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Ecommerce websites have a great opportunity to exploit the “scarcity effect,” primarily because they can often provide instantaneous feedback on inventory levels and, in a credible way, let customers know when products are scarce. First, let’s look at a traditional exploitation of the scarcity effect. Knife Outlet uses two scarcity variables, invoking both “limited quantities” [...]
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