techmap neuromarketing

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Seduction, Influence & Persuasion Is the future of neuro-marketing all in our heads? Techmap London Monday 14 May 2012

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Richard Sedley's presentation with insights about NeuroMarketing at techMAP London

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Page 1: Techmap Neuromarketing

Seduction, Influence & Persuasion

Is the future of neuro-marketing all in our heads?

Techmap London

Monday 14 May 2012

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Richard Sedley!Strategy Director!Foviance!

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This is what we do…!

Social, Mobile, Kiosk © Foviance 2012!

Customer research & measurement!

Informed decision-making!

Experience solutions designed!

12345

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…we do it across…!

Social, Mobile, Kiosk © Foviance 2012!

Web! Mobile! Kiosks/Device! Social!

Telephony!Retail! Print! Brand!

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… and we do it for…!

Social, Mobile, Kiosk © Foviance 2012!

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Neuro-marketing

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Using an understanding of how

the brain works and what stimulates

it to design marketing that ‘triggers’

a desired behaviour or attitude.

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Synapse

Neurotransmitters

Synaptic cleft

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FEEL (EMOTION)

THINK (COGNITION)

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Examples!

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01

Behaviour

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1 2 3

4 5 6

7 8 9

LOYALTY CARD A! LOYALTY CARD B!

1 2 3

4 5 6

7 8 9

10 11 12 7% return rate

32% return rate

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18% of ‘complainers’ repurchased

70% removed or adjusted complaint

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$5 45% vs 14%

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45% vs 45%

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Increased satisfaction by 41%

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02 Layout &

Environment

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•  42 different jams 60% looked 3% bought •  3 different jams 40% looked 30% bought

1000 browsers, £1 per jar

•  42 jams = £18

•  3 jams = £120

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Increased ARPU by 6% & 7% of the relevant wine

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Increased ARPU by 18%

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Increased ARPU by 0.21%

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Most IKEA stores navigate you anti-clockwise

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03 Pricing

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A. Family Easter Eggs £9.99

B. Family Easter Eggs Ten pounds

C. Family Easter Eggs 10

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A. Bose Headphones £9.99

B. Bose Headphones Ten pounds

C. Bose Headphones 10

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ONLY!£1.99!

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Priming

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Satis

fact

ion

Peak-end rule

Time

PEAK

END

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Em

otional-engagement.com

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Thank you for listening

Richard Sedley E: [email protected] T: @richardsedley

Credit to @MrJoe for the initial slides that I based on ones I saw him present