Whether you’re versed with Star Wars series or not, you’ve probably heard the term Jedi Mind Trick. Maybe you’ve wished it were something real that you could practice – for good, of course – and use in your marketing.
I’ve got great news for you.
The Jedi is obviously not real but, it is possible to apply mind tricks – also termed as cognitive biases – to get people to engage with your content and products. All you require is an understanding of how the human brain functions.
What Are Cognitive Biases?
A cognitive bias is an innate flaw in reasoning. What’s important about cognitive biases is that they are something we all possess. We are all susceptible to them and that’s what makes them unique for marketing.
What’s especially interesting about cognitive biases is that they can work on us even if we understand what they are and are on guard against them. It is possible to avoid them, but it takes work and a real commitment to seeking out alternate points of view to do so.
There’s a field of marketing known as neuromarketing that is designed to use psychology to “hack” buyers’ brains. Below, you’ll learn about some of the common cognitive biases that can be useful in marketing and tips on how to utilize them to grow your audience.
The Bandwagon Effect
The Bandwagon Effect has historical roots. Originally, the bandwagon was a parade float where a band played, and spectators would be encouraged to jump on the bandwagon. The implication was that the people on the bandwagon were having more fun than those who were on the sidelines.
Over the years, the term because famous to describe the behavior of voters in the waning days of a political campaign, when people who were on the wall decided to vote for the individual who appeared likely to triumph. A similar thing happens when a professional sports team is on the road to a championship and suddenly, people who never cared about them become avid fans.
You can harness the bandwagon effect by highlighting the popularity of your company or its products and services. Some ways to do that include touting the number of people who have visited your site, the number of downloads, or using a slide-in that announces each sale that you make. That last one is often used on landing pages and it’s extremely effective.
The Reciprocity Bias
We have all experienced reciprocity bias. It’s what happens at the holidays when someone gives you a gift and, even if you’ve never exchanged gifts with the person in question, you feel a need to give them something in return. When someone gives you something, you want to repay.
You can use reciprocity bias in many ways in marketing. One effective way is to create a lead magnet that you give away for free in return for a visitor’s email address.
Another way to use reciprocity to build your audience is to give away a free sample of your product. Samples are inexpensive and don’t cost much to provide but they trigger a desire in the recipient to make up for the fact that you gave them something for free. The easiest way for them to do that is to buy your product. You can use this bias with services as well. Many online software providers give away a free trial to get people to buy a subscription.
The Scarcity Effect
The scarcity effect is something people talk about every day. You’ve heard of FOMO! It’s the fear of missing out and it’s one of the most powerful cognitive biases to use in marketing.
When people know something isn’t going to be around for long – or it’s available in limited numbers – they are more likely to buy it than they would be if they believed there was an unlimited supply. We have all tried it. Even when there’s something we might not like, we begin wondering whether we’ll need it in the future and imagine how sad we’ll be that we didn’t receive the opportunity to get it when we could.
You can use scarcity in your marketing in a variety of ways. A limited-time offer is a great way to introduce a sense of urgency to a deal. The same is true of a limited edition product. A lot of sales pages mention that the price being offered won’t be available forever and some even display a countdown clock.
The Frequency Illusion
The frequency illusion is sometimes referred to as the Baader-Meinhof phenomenon. It refers to a cognitive bias that makes us believe that a thing is occurring frequently simply because we notice it. A good example is when you learn a new word and suddenly it seems to be everywhere. The word isn’t being used more frequently than it was before. All that’s changed is that you now notice it.
One of the best ways to use the frequency illusion in marketing is with retargeting. Brand recognition is all about repetition. When someone visits your website, you can target them with ads on Facebook or Google. Each time they see your company name, it creates the frequency illusion and suddenly your brand is everywhere. The more familiar your brand is, the more likely people are to choose you over your competitors.
Loss Aversion
Have you ever had the feeling of not wanting to give something up even when it no longer serves you? That’s a cognitive bias known as loss aversion and it’s something that affects us all. It’s closely related to something called the sunk costs fallacy, which encourages us to keep putting money into something even when it hasn’t delivered the returns we expected.
Loss aversion can be used in marketing by offering something free at the end of a webinar. Even when people might want to leave the webinar, they have already received the freebie you’re offering – at least in their minds. They don’t want to give it up, so they keep watching.
This rewards program can work effectively. It encourages people to visit again and but from you repeatedly because they want the free reward or product they’ll get at the end. Creating quizzes is another good way to learn about your audience and trigger loss aversion.
The human brain is always fascinating and it’s highly susceptible to Jedi mind tricks like the ones we’ve explained here. If you want to attract more subscribers and customers, harnessing the power of cognitive biases is a good way to do it!