For those new to developing an online business, I came across
an interview that you may find useful.
YouTube Robert Cialdini - Interview on The Knowledge Project
THE INFLUENCE EXPERT - what motivates people to buy
Top factors that boost sales (6 Principles)
SCARCITY - Missing Out
Consumers do not like to feel left out. In your ads
highlight the fact that they are MISSING OUT if they
do not act now.
SCARCITY - of Time (offer only good til midnight)
SCARCITY based on the uniqueness of your product
SOCIAL PROOF - testimonials build confidence in buying
your product
Show customers how your business has grown
(12 months ago we had 25% growth 6 months 30% etc.)
PRINCIPLES
- RECIPROCITY - offer something FREE.
- LIKING - customers enjoy buying from those they KNOW, LIKE and TRUST
- AUTHORITY - consumers like to buy from those who show competence
- SOCIAL PROOF - when their friends buy, they buy
- SCARCITY (see above examples)
- CONSISTENCY - with each small purchasing step - customers will repeat the same buying pattern to your more expensive item. WHY? Because consumers like to be viewed by the public as being consistent in their behavior.