{"id":36660,"date":"2016-04-28T10:49:45","date_gmt":"2016-04-28T10:49:45","guid":{"rendered":"https:\/\/vwo.com\/blog\/?p=36660"},"modified":"2025-11-13T17:12:25","modified_gmt":"2025-11-13T11:42:25","slug":"neuromarketing-and-cognitive-biases-for-conversions","status":"publish","type":"post","link":"https:\/\/vwo.com\/blog\/neuromarketing-and-cognitive-biases-for-conversions\/","title":{"rendered":"The Psychology Behind a Sale | Persuading Conversions Through Cognitive Biases"},"content":{"rendered":"\n<p><span style=\"font-weight: 400\">Ever wondered why \u201cselling\u201d has such a negative connotation about it?<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Why is it that the immediate, associative adjective used to describe salesmen is pushy and not helpful? What\u2019s with the bias?<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">We come loaded with pre-conceived apprehensions when making buying decisions. Simply put, we are unable to make a buying commitment until our apprehensions are dispelled, our negative bias is countered and a positive bias is induced in favor of our buying decision.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Notice the choice of word. &#8220;Bias.&#8221;<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><em><a href=\"https:\/\/vwo.com\/conversion-rate-optimization\/#guide-download\"><span style=\"text-decoration: underline\">Download Free: Conversion Rate Optimization Guide<\/span><\/a><\/em><\/h2>\n\n\n\n<p><span style=\"font-weight: 400\">The human mind works in weird ways. A lot of times, we are happy to suppress logic, objectivity, propriety and other metrics of rationale. Those in the business of <a href=\"https:\/\/vwo.com\/blog\/optimize-pqls-in-saas\/\">selling SaaS products know it better than anyone else<\/a>. Selling a non-physical product takes a lot of convincing. Creating cognitive biases only makes the job easier.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Here\u2019s Wikipedia\u2019s definition of Cognitive Bias:<\/span><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><i><span style=\"font-weight: 400\">\u201cA cognitive bias refers to a systematic pattern of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion. Individuals create their own &#8216;subjective social reality&#8217; from their perception of the input.\u201d<\/span><\/i><\/p>\n<\/blockquote>\n\n\n\n<p><span style=\"font-weight: 400\">To put it rather mildly, cognitive biases induce interpretations and subsequent decisions that may not be obvious. In addition to increasing your chances of conversions, they can speed up decision-making and make the process of acquisition to conversion far quicker.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Cognitive biases are a sales hack!<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Most conversion pain-points can be traced to <\/span><span style=\"font-weight: 400\">analysis paralysis<\/span><span style=\"font-weight: 400\">, hampering the user\u2019s decision-making, subsequently causing action paralysis. Identifying the root of this indecision is the first solid step you take to enhance user engagement and forge conversions. <a href=\"https:\/\/vwo.com\/insights\/\" target=\"_blank\" rel=\"noopener noreferrer\">Heatmaps, clickmaps and form analysis<\/a> come in handy when identifying chinks in your website\u2019s UX.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Conversion optimization is only the summation of users\u2019 motivations, &nbsp;buying intentions, questions, excitement, surprise, and other associative emotions that influence decision-making. And, as a process, it continues until these emotions are addressed and capitalized on, through optimized UX.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Let\u2019s get to it then. Here are the 5 tips to induce psychological biases, straight up:<\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><span style=\"font-weight: 400\">Know your audience&nbsp;\u2014 the human brain.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\"><a href=\"https:\/\/vwo.com\/blog\/7-powerful-psychology-lessons-that-will-boost-your-digital-marketing-game\/\">Inspire confidence with psychological triggers<\/a>.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Ask for minimum upfront commitment.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Use availability heuristic for brand\/product recall.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Reduce the pain of paying.<\/span><\/li>\n<\/ol>\n\n\n<h2 class=\"js-cro-guide-subheading gtm_heading \" data-level=\"level1\" data-menu=\"1) Know Your Audience\u00a0\u2014 the Human Brain\" id=\"1-know-your-audience-the-human-brain\" data-menu-id=\"1-know-your-audience-the-human-brain\" style=\"text-align:left\">1) Know Your Audience\u00a0<span style=\"font-weight: 400\">\u2014<\/span> the Human Brain<\/h2>\n\n\n<p><span style=\"font-weight: 400\">In her study titled <\/span>&#8220;<span style=\"font-weight: 400\">Neuromarketing &#8211; Science and Practice&#8221;<\/span><span style=\"font-weight: 400\">, Croatian marketing and forensic science expert, Martina Hedda \u0160ola said that between information, processing and decision-making, there are three parts of our brain that mutually interact, each performing a specific function.<\/span><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"681\" height=\"326\" src=\"https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Brain_Parts.jpg\" alt=\"Brain_Parts_Old_Middle_New\" class=\"wp-image-36666\" srcset=\"https:\/\/static.wingify.com\/gcp\/uploads\/sites\/3\/2016\/04\/Brain_Parts.jpg 681w, https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Brain_Parts.jpg?tr=w-640 640w, https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Brain_Parts.jpg?tr=w-375 375w\" sizes=\"(max-width: 681px) 100vw, 681px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400\"> \u201cThe New Brain\u201c controls thoughts. As soon as it receives fresh information, it weeds out rational data from irrational\/irrelevant information, and forwards the filtered information to other parts of the brain.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\"> \u201cThe Midbrain\u201c controls our feelings, lends emotion and shares only positive bits with the rest of the brain.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\"> \u201cThe Old Brain\u201d is in charge of decision-making. It\u2019s like the CEO who considers inputs from both the new and mid brains but takes decisions independently.<\/span><\/li>\n<\/ul>\n\n\n\n<p>Isn\u2019t it obvious which part of the brain you really have to \u201cimpress\u201d now? Identify and target your customer\u2019s \u201ccognitive hot buttons\u201d&nbsp;\u2014 the old brain\u2019s emotional touch-points&nbsp;\u2014 that will take you closer to making your customer understand and agree with your proposal. Here are some ways you can do that:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400\">Tell them a compelling story about your product. Great products always have great stories behind them. Convince them about your brand ethics and how their business matters to you.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Use a lot of images. Our brain responds better to visual cues. Notice how we lay so much emphasis on appearances?<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Present tangible arguments in your favor. Don\u2019t just tell customers they will experience more comfort while driving your car. Tell them what suspension system your car is using and how does it affect ride quality.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">It\u2019s a no-brainer that price is an important driver in a user\u2019s decision-making process. Intentionally or unintentionally, consumers are always looking for the perfect option, plus<\/span> <span style=\"font-weight: 400\"> a backup just in case the former isn\u2019t available. When looking for substitutes, consumers look for options at the closest price point without compromising on their wants. If price is not a differentiating factor between two options, other factors like brand value, feedback from family and friends and advertisements influence consumer decision-making.<\/span><\/p>\n\n\n\n<p><b>Success Story: <\/b><span style=\"font-weight: 400\">Montague, from The Baylor College of Medicine, published a success story in the biweekly journal \u201c<\/span><span style=\"font-weight: 400\">Neuron<\/span><span style=\"font-weight: 400\">\u201d in 2004, in which he carried out his own version of the original <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=v7lw_vhxtNc\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">Pepsi Challenge<\/span><\/a><span style=\"font-weight: 400\"> (a blind taste test between Pepsi and Coca Cola).<\/span><\/p>\n\n\n\n<p>Montague conducted a series of fMRI brain scans on 67 experimental subjects, who were asked to blind taste Pepsi and Coca Cola in combination and\/or separately. During the test, most subjects preferred Pepsi over Coca Cola, since the scans showed higher levels of activity in the ventral putamen region of the old brain (responsible for evaluating different flavors). In the second round during the non-blind test, the subjects declared Coke as the clear winner. When the brain-scans for this round were analyzed, Montague noticed heightened activity in the medial prefrontal cortex, associated with conducting higher thinking functions of the brain.<\/p>\n\n\n\n<p><span style=\"font-weight: 400\">The study was intuitively titled \u201cThe Pepsi Paradox\u201d and postulated as below:<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">\u201cThe results of the blind study (upon asking the experimental subjects which beverage they would rather choose), have shown that most of the subjects would opt for Pepsi, and less than half preferred Coca Cola.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">However, during the non-blind tasting, when the individuals were asked to drink Coca Cola for half an hour, followed by Pepsi, 75% concluded that Coca Cola had a better taste, while 25% chose Pepsi. However, cumulative results were significantly different. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Research results showed that while most subjects opt for Coca Cola exclusively for the brand, regardless of its taste, and they choose Pepsi exclusively for the taste.\u201d<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">A clear case of emotional bias. Because consumers related better (emotionally) to Coca Cola, the brand, they were ready to forego the clear preference in taste they had for Pepsi.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">For additional reading: <\/span><span style=\"font-weight: 400\">The Advertised Mind<\/span><span style=\"font-weight: 400\"> by Erik Du Plessis.<\/span><\/p>\n\n\n<h2 class=\"js-cro-guide-subheading gtm_heading \" data-level=\"level1\" data-menu=\"2) Influence Decision-Making with Psychological Triggers\" id=\"2-influence-decision-making-with-psychological-triggers\" data-menu-id=\"2-influence-decision-making-with-psychological-triggers\" style=\"text-align:left\">2) Influence Decision-Making with Psychological Triggers<\/h2>\n\n\n<p><span style=\"font-weight: 400\">Consumers exhibit fickle behavior. The slightest detraction in processing information can lead to them dropping off. Processing fluency is the ease of processing information that increases chances of conversion and the speed of converting as well. There are some other psychological triggers that can \u201cpush\u201d a consumer into committing to a sale.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Robert Cialdini, in his book \u201c<\/span><span style=\"font-weight: 400\">Influence<\/span><span style=\"font-weight: 400\">\u201d, explained a few neuromarketing principles that marketers can use to get a yes out of their customers. Here\u2019s an example:<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Picture this. You go to a Walmart to buy a six pack, when the guy at the checkout counter politely offers a free sample of pretzel to try. Next thing you know, you are buying an entire batch. You just wanted beer; you bought pretzels because you felt an urge after trying a free sample.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Ever wondered how many times you have invited people you don\u2019t like to your party, just because they invited you to theirs?<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Robert calls it <\/span><b>Reciprocity<\/b><span style=\"font-weight: 400\">, a cognitive bias which makes you feel obliged to give something back in return when you get something unexpected or for free. Marketers can leverage this bias by creating and maintaining a feeling of debt on their prospects, and get them to convert\/buy in return. Price discounts, free-trials, eBooks, free invites to live events, are only a few ways to \u201cindebt\u201d customers. However, do not enforce any obligations when handing out giveaways&nbsp;\u2014 consumers can differentiate between a genuine offer and an unnecessary freebie trap.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Cialdini also talked about other neuromarketing principles such as recency, scarcity, urgency, liking and, authority, which marketers have emphasized and optimized in their sale strategies over time. Read this elaborate <\/span><a href=\"https:\/\/cxl.com\/blog\/cialdinis-principles-persuasion\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400\">post by Peep Laja<\/span><\/a><span style=\"font-weight: 400\"> on Cialdini\u2019s six basic neuromarketing principles and their execution in marketing.<\/span><\/p>\n\n\n\n<p><b>Charm pricing<\/b><span style=\"font-weight: 400\"> is another effective tactic marketers use to make their pricing look attractive. In a <\/span><span style=\"font-weight: 400\">study<\/span><span style=\"font-weight: 400\"> conducted by Simister and Anderson, prices ending in nine were able to outsell even lower prices for the same product.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">In one of the experiments conducted, a woman\u2019s clothing company sent three different versions of the same catalog to three different customer groups (randomly selected) respectively. The catalog contained four different dresses, each priced differently in the three variations. Since the pricing policy of the company was to use $9 as the last digit, the four dresses in the control version were priced at $39, $49, $59 and $79 respectively. In the other two versions, the same prices were lowered and raised by $5, thus altering the $9 right digit throughout. Here\u2019s what happened next:<\/span><\/p>\n\n\n<div class=\"wp-block-image size-full wp-image-36664\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"739\" height=\"194\" src=\"https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-26-at-2.07.37-PM.png\" alt=\"Charm-pricing-example\" class=\"wp-image-36664\" srcset=\"https:\/\/static.wingify.com\/gcp\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-26-at-2.07.37-PM.png 739w, https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-26-at-2.07.37-PM.png?tr=w-640 640w, https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-26-at-2.07.37-PM.png?tr=w-375 375w\" sizes=\"(max-width: 739px) 100vw, 739px\" \/><figcaption class=\"wp-element-caption\">Catalog variations with sale results (Image source: <a href=\"https:\/\/link.springer.com\/article\/10.1023\/A:1023581927405\">Springer<\/a>)<\/figcaption><\/figure>\n<\/div>\n\n\n<p><\/p>\n\n\n\n<p><strong>Key takeaways from the study:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400\">The control price version with $9 ending outsold the other two versions by approximately 40%.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">The $10 price difference between the two price variations forced no effective difference in demand.<\/span><\/li>\n<\/ul>\n\n\n\n<p><span style=\"font-weight: 400\">In subsequent studies, it was also proven that when combined with sale cues such as \u201cFree\u201d and \u201cOn Sale\u201d, the $9 price ending could increase demand considerably.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">This phenomenon is called \u201c<\/span><b>the left digit effect<\/b><span style=\"font-weight: 400\">\u201d and is widely practiced by most eCommerce websites. Manoj Thomas and Vicki Morwitz of Cornell University further explained this phenomenon in their study titled Penny Wise and Pound Foolish: The Left-Digit Effect in Price Cognition. The study contained findings from a series of experiments which suggested that prices ending in 9 are perceived as considerably lesser than prices a cent higher (e.g. $2.99 to $3). However, the caveat to this theory is that it will not work if the leftmost digit remains unchanged (e.g., $3.60 to $3.59).<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Customers today have smartened up about the pricing tricks that marketers play.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Sometimes, just using charm pricing or giving freebies doesn\u2019t cut it.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">The human mind relates better to relative vis-a-vis absolute values.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Enter <\/span><b>Anchoring Bias<\/b><span style=\"font-weight: 400\">, which is essentially making the customer feel sure about their choice as they rely heavily on select bits of information (usually the first) they get about a product. An effective way of doing this is to present a relatively more expensive option and then introducing discounts to create a certain bias in consumers\u2019 mind about how attractively the product has been priced. Marketers think of logical product pairings and upgrades so that consumers can take advantage of the lower price as an anchor for a higher priced product.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Suppose you go to buy a used car for which the salesman quotes $X. This initial price sets the base for further negotiation, regardless of its reasonability. Which means, even if $X was an unreasonable quote to begin with, any lower price after negotiation will seem more reasonable. The salesman used the initial price $X as an anchor to convince you on a lesser but still profitable final quote. That\u2019s anchoring bias for you.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading has-text-align-center\"><em><a href=\"https:\/\/vwo.com\/conversion-rate-optimization\/#guide-download\"><span style=\"text-decoration: underline\">Download Free: Conversion Rate Optimization Guide<\/span><\/a><\/em><\/h2>\n\n\n<h2 class=\"js-cro-guide-subheading gtm_heading \" data-level=\"level1\" data-menu=\"3) Ask For Minimum Upfront Commitment\" id=\"3-ask-for-minimum-upfront-commitment\" data-menu-id=\"3-ask-for-minimum-upfront-commitment\" style=\"text-align:left\"><span style=\"font-weight: 400\">3) Ask For Minimum Upfront Commitment<\/span><\/h2>\n\n\n<p>I\u2019ve said it before&nbsp;\u2014 cracking conversions is a lot like dating. Getting people to commit is always the biggest pain-point.<\/p>\n\n\n\n<p>As a retailer, if you can <a href=\"https:\/\/vwo.com\/blog\/increase-ecommerce-sales-paradox\/\">get customers to make a small commitment to your brand<\/a> (like signing up for your email newsletter or buying a product they know, they can easily return later), they are more likely to eventually purchase from you. And if you can actually get products in their hand, even if there is no official commitment to buy them, your chances increase even more.<\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Zappos<\/span><span style=\"font-weight: 400\">\u2019 famous easy return policy is a classic example. Customers buying Zappos products know they can easily return their order in case they don\u2019t like it. Because it is very easy for buyers to return a product, this reduced perception of risk inspires confidence in users and positively skews their buying decision.<\/span><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"998\" height=\"626\" src=\"https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-07-at-6.44.18-PM.png\" alt=\"Minimum_User_Commitment_Neuromarketing\" class=\"wp-image-36668\" srcset=\"https:\/\/static.wingify.com\/gcp\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-07-at-6.44.18-PM.png 998w, https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-07-at-6.44.18-PM.png?tr=w-768 768w, https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-07-at-6.44.18-PM.png?tr=w-640 640w, https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Screen-Shot-2016-04-07-at-6.44.18-PM.png?tr=w-375 375w\" sizes=\"(max-width: 998px) 100vw, 998px\" \/><\/figure>\n<\/div>\n\n\n<p><span style=\"font-weight: 400\">But come to think of it. Once they have the product in their hands, will they really return it? Probably not. Not unless the product completely betrays the customer&#8217;s expectations.<\/span><\/p>\n\n\n<h2 class=\"js-cro-guide-subheading gtm_heading \" data-level=\"level1\" data-menu=\"4) Use Availability Heuristic for Product\/Brand Recall\" id=\"4-use-availability-heuristic-for-product-brand-recall\" data-menu-id=\"4-use-availability-heuristic-for-product-brand-recall\" style=\"text-align:left\"><span style=\"font-weight: 400\">4) Use Availability Heuristic for Product\/Brand Recall<\/span><\/h2>\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><span style=\"font-weight: 400\">\u201cIf you can&#8217;t dazzle them with brilliance, baffle them with bullshit.\u201d<\/span><\/p>\n\n\n\n<p>&#8211; W.C. Fields<\/p>\n<\/blockquote>\n\n\n\n<p><span style=\"font-weight: 400\">Fields was an actor, comedian, juggler, write and, above all, a marketing genius; howsoever unintentionally. The biggest takeaway from his quote is that if you can forge a strong enough impression on a prospect\u2019s mind, high chances are that they will remember your product and prioritize it as an option when making a buying decision. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Here\u2019s Wikipedia\u2019s definition of <\/span><span style=\"font-weight: 400\">Availability Heuristic<\/span><span style=\"font-weight: 400\">:<\/span><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><span style=\"font-weight: 400\">&#8220;The availability heuristic is a mental shortcut that relies on immediate examples that come to a given person&#8217;s mind when evaluating a specific topic, concept, method or decision. The availability heuristic operates on the notion that if something can be recalled, it must be important, or at least more important than alternative solutions which are not as readily recalled.&#8221;<\/span><\/p>\n<\/blockquote>\n\n\n\n<p><span style=\"font-weight: 400\">Subjecting users to a product\/brand that stands out from competition registers on an emotional level, and triggers an immediate recall at the slightest stimulation. This is because the brain has \u201csaved\u201d the product as a mental shortcut and can reproduce the memory\/emotion attached to it for future reference.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">In a nutshell: Impress your users. Just like Hubspot does to drill in its authority as a renowned brand:<\/span><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"500\" height=\"380\" src=\"https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Availability-heuristic-example.jpg\" alt=\"Availability-heuristic-example\" class=\"wp-image-36674\" srcset=\"https:\/\/static.wingify.com\/gcp\/uploads\/sites\/3\/2016\/04\/Availability-heuristic-example.jpg 500w, https:\/\/static.wingify.com\/vwo\/uploads\/sites\/3\/2016\/04\/Availability-heuristic-example.jpg?tr=w-375 375w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><figcaption class=\"wp-element-caption\">Image source: <a href=\"https:\/\/www.marketingprofs.com\/articles\/2015\/28858\/how-to-use-heuristics-to-your-marketing-advantage\">Marketingprofs<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n<p><span style=\"font-weight: 400\">Some other examples where marketers have implemented availability bias in their marketing strategy:<\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400\">Publishing promotional content (blogs, press releases etc.) to create buzz around a product launch.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Journalists using sensationalism when creating news headlines.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400\">Advertising campaigns with celebrities as brand ambassador.<\/span><\/li>\n<\/ul>\n\n\n<h2 class=\"js-cro-guide-subheading gtm_heading \" data-level=\"level1\" data-menu=\"5) Reduce the Pain of Paying\" id=\"5-reduce-the-pain-of-paying\" data-menu-id=\"5-reduce-the-pain-of-paying\" style=\"text-align:left\"><span style=\"font-weight: 400\">5) Reduce the Pain of Paying<\/span><\/h2>\n\n\n<p>Studies have shown that if you can somehow reduce the perceived \u201cspending value\u201d of a product, you can get consumers to spend more! No wonder your friends with credit cards don\u2019t flinch once before they swipe to pay restaurant bills (which they would have otherwise split with you had they been paying in cash).<\/p>\n\n\n\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/www.apa.org\/pubs\/journals\/releases\/xap143213.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">In a study titled \u201cMonopoly Money: The Effect of Payment Coupling and Form on Spending Behavior,&#8221; subjects were given either a $1 bill or a $1 gift card<\/a>.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Subjects could use exchange the $1 gift card for a $1 bill or buy a candy with it. Alternately, the $1 bill could also buy the same candy or just be saved as it is.<br><\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">The study\u2019s finding suggested that subjects who were given $1 gift cards were more likely to spend them for buying candy. The non-physical aspect of spending cash in the form of gift cards is what prompted more subjects to buy candy.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">The theory is not exclusive to gift\/credit cards. Another brilliant success story called \u201c<\/span><span style=\"font-weight: 400\">Coherent Arbitrariness<\/span><span style=\"font-weight: 400\">\u201d by Dan Ariely, George Loewenstein and Drazen Prelec from MIT reveals the following: Even if the initial price associated by us to a product is arbitrary, once that price is established in our minds, it will influence our subjective judgement of its present and even future value (thus making it coherent).<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Dan Ariely and Drazen Prelec conducted a social experiment where they made MBA students from Sloan School participate in a peculiar auction in 2006. In the auction, the researchers made students bid on any of these six items &#8211; a bottle of average wine, a bottle of rare wine, a design book, a cordless keyboard, belgian chocolates and a cordless trackball. They had to first vote if they would be willing to buy each product for a dollar value equal to the last two digits of their social security number and then place a bid that they are willing to buy the product for. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">The findings were mildly shocking!<\/span><\/p>\n\n\n\n<p>With their perceived pain of buying considerably reduced, people with social security numbers having higher last two digits (80-99) were willing to pay as much as &nbsp;250% more than those with lower digits (00-19) for the same cordless keyboard. Not surprisingly then the cordless trackball was sold for $26 and $9 in the two different groups.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><span style=\"font-weight: 400\">\u201cSocial security numbers were the anchor in this experiment only because we requested them. We could have just as well asked for the current temperature or the manufacturer\u2019s suggested retail price. Any question, in fact, would have created the anchor. Does that seem rational? Of course not.\u201d<\/span><\/p>\n\n\n\n<p>\u2013 Dan Ariely from his book, \u201cPredictably Irrational\u201d<\/p>\n<\/blockquote>\n\n\n<h2 class=\"js-cro-guide-subheading gtm_heading \" data-level=\"level1\" data-menu=\"To Summarize\" id=\"to-summarize\" data-menu-id=\"to-summarize\" style=\"text-align:left\"><span style=\"font-weight: 400\">To Summarize<\/span><\/h2>\n\n\n<p><span style=\"font-weight: 400\">Not all decisions that we, as consumers, make are rational. We come with a lot of preferential baggage which influences our decision-making. A smart marketer will know just the soft points they have to tap to capitalize on our biases and influence our decision-making to their benefit. A smart marketer knows the psychology of a sale!<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">P.S. &#8211; Anyone with average comprehensive skills would have taken at least 10 minutes to read and assimilate this post. You probably fell for the Anchoring Bias I instigated. Apologies for the dishonesty! I was trying to make a point.<\/span><\/p>\n\n\n<h2 class=\"js-cro-guide-subheading gtm_heading \" data-level=\"level1\" data-menu=\"Thank you for reading! Now, let\u2019s get you featured.\" id=\"thank-you-for-reading-now-lets-get-you-featured\" data-menu-id=\"thank-you-for-reading-now-lets-get-you-featured\" style=\"text-align:left\"><span style=\"font-weight: 400\">Thank you for reading! Now, let\u2019s get you featured.<\/span><\/h2>\n\n\n<p><span style=\"font-weight: 400\">Tell us all that you agree\/disagree with in this post. Suggest best practices, success stories and, real life examples that you&#8217;d like us to include here. If you\u2019ve got something new and relevant, we\u2019d love to update this post with your suggestions (with credits, of course!).<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400\">Shoot us your email with suggestions at <a href=\"mailto:marketing@vwo.com\">marketing@vwo.com<\/a>!&nbsp;<\/span><\/p>\n\n\n\n<p>Note: Screenshots used in the blog belong to the author.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever wondered why \u201cselling\u201d has such a negative connotation about it? Why is it that the immediate, associative adjective used to describe salesmen is pushy and not helpful? What\u2019s with the bias? We come loaded with pre-conceived apprehensions when making buying decisions. Simply put, we are unable to make a buying commitment until our apprehensions&#8230;<\/p>\n","protected":false},"author":111,"featured_media":56438,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"post_read_time":14,"footnotes":""},"categories":[1850],"tags":[],"feature":[],"industry-type":[],"product":[],"role":[],"region":[],"class_list":["post-36660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conversion-rate-optimization"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Learn Neuromarketing- Tips, Examples &amp; Case Studies<\/title>\n<meta name=\"description\" content=\"In this post, we discuss Neuromarketing &amp; its use-cases in marketing. 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