Using Behavioral Economics to Craft Great Marketing 

The Secret to Great marketing is Great Storytelling

Traditional marketing theory tells us that when consumers shop, they prioritize rational over emotional decision making, considering factors such as function, quality, and price before anything else. But behavioral economics – the theory that consumers’ purchasing behavior is linked to psychological, cognitive, emotional, social, and cultural factors – tells another story 

According to Gallup, buying decisions may be weighted in favor of emotional thinking as drastically as 70% emotional and 30% rational. They also found in a study of 10 companies that those who applied behavioral economics in their business strategies outperformed peers by 85% in sales growth and more than 25% in gross margin during a one-year period.  

As sellers near the busiest time of year for retail, it can be incredibly impactful to take a moment to reassess your marketing collateral. Are you appealing to emotional thinking on your product detail pages and banner ads? Do your social ads come across as personable and relatable?  

Drawing on emotional factors to influence shoppers’ decisions doesn’t mean that marketers should ignore pragmatic factors. They are top buying considerations. Rather, it means that marketers should enhance theianswers to pragmatically-minded questions by delivering them within an appeal to emotional decision making.  

Tying Emotion into Marketing 

Incorporating an appeal to emotional thinking in marketing can be done in your visuals and images.  

Visuals 

In visuals, it involves showing positive emotions, such as joy, relief, or pride. It highlights the experiences enjoyed because of a product.  

This image from JumpOff Jo’s Blanket Fort is a prime example. In this image, the product is part of the background, and the focus is instead on the experience: The kids are bonding, enjoying spending time together in their blanket fort.  

 A Lifestyle Image that Highlights Emotional Value

This image is great for use on a website, social media, and the Amazon listing page. It appeals to our emotions and helps us visualize using it with our own families. To complete their pitch and also appeal to rational thinking, JumpOff Jo includes studio images as well, which highlight product features.  

Reach out to etailz’s Creative Services team to produce custom photos, videos, or graphics. 

Copy 

In copy, appealing to emotion relies on the writer’s principle of “show, don’t tell.” Instead of writing, “your child will love riding their new bike,” you can write, “Watch your little one whoop and laugh, eyes wide, as they race down the road by themselves for the first time.” The former tells; the latter shows.  

This approach to copy and visuals can and should done in any media representing your brand, from your packaging to your Amazon listings.  

One brand that executes this well is Big Betty, a brand that makes oversized glassware and novelty items, including Pinot Protector, an elastic wine stopper. 

 Big-Betty-Pinot-ProtectorExample of excellent branding copy

They utilize the same personality and humor from the product in the listing copy, without sacrificing keyword density. Their branding is consistent across media, and their appeal to emotion (in this case, an admittedly crass sense of humor) is woven together with pragmatic factors, such as the airtight seal and reusability.  

The Secret to Great Marketing is Great Storytelling  

Marketing to rational thinking comes easily, but it can be tricky to consistently market to emotional thinking as well. The most effective way to ensure that you consistently appeal to emotional thinking is to incorporate it into your branding. 

To create effective branding, it should be framed as a story. All good stories have distinct characters, which means your brand needs to have a distinct look and feel. This includes your imagery and copy across all channels, offline and online.  

Impactful Marketing Spans Channels

Offline and online marketing impact each other, especially when they’re coordinated to work in tandem. If you’re memorable in one place, you’re memorable elsewhere. That’s what makes cross-channel marketing one of the most effect tactics in the industry. Shaping a good story across your brand outlets can provide a significant advantage across channels, especially on the highly saturated marketplace that is Amazon. 

Great Stories Have Heroes

Our favorite stories consist of protagonists to root for, sympathize with, and relate to. They share our values, inspire us, make us laugh, or provide something else of tangible or intangible value. A marketer’s job is to make that protagonist your brand, there to help your customers overcome problems and achieve goals. 

By creating a distinct, personable, relatable, and truthful brand persona, you make your brand memorable, invite increased engagement, and earn customer trust 

Telling Your Story 

Branding is multifaceted and varies greatly by industry, but here are a few universal tips for how to get started: 

  • Who is your target audience? What are their interests? What are their pain points? The more information you have, the better. Create a persona that represents the ideal customer for your brand and think about how you’d approach them. 
  • What is your brand’s origin story? Why’d you enter the business? What problem or need did you see that your product addresses? Your brand’s origin story can be a tale of innovation, perseverance, or ambition that you can draw inspiration from when crafting your branding. 
  • What are your brand’s goals? Think beyond profitability. Your goals (often represented in a mission statement) should be clear, actionable, and inspirational. It’s a tall order, but it will provide direction for your marketing, your employees, and your customers. Dedicate serious thought and attention to this. 
  • Can you tie your brand to a larger cause? Why does that cause matter to your brand? How are you contributing to it? Linking your brand to a greater issue or movement can increase your visibility and engagement with your target audience, although you must be prepared to back up words with actions. 
  • How will you align visuals with copy? Your imagery, packaging, and writing should to work together to represent your brand.  

Work with the Experts 

etailz can help you define, refine, or share your brand story. Our Creative Services team can create visuals and write copy for branding, our Inbound Marketing team can share it across social media, and our SEO team can update your Amazon listings to include appeals to emotional and rational thinking.  

Get in touch for more information.