Showing posts with label selling behaviour. Show all posts
Showing posts with label selling behaviour. Show all posts

Monday, October 24, 2016

The Effects of Emotional State on Influence Success


Research studies have shown a clear connection between the emotional state of the individual and the success of an influence strategy. In these studies, people were either exposed to messages that were designed to induce fear-based emotions or romantic-based emotions.  These emotions were created through short stories and film clips.


Each group was then exposed to advertisements using either social-proof* or scarcity** type messages as their influence strategies. The results? Those people exposed previously to fear-based emotions were more persuaded by the social proof appeals, while those people exposed to romantic-based emotions were more persuaded by influence messages utilizing scarcity and uniqueness.

Interestingly, studies have also shown that not only our buying behaviour but our selling behaviour can be affected by our emotional state.  Jennifer Lerner and her associates set out to determine just this. What they did find was that those individuals in which they induced a feeling of sadness (again, through film clips and essays) were likely to pay more for an item if buying, or to sell it for less.

In fact, compared to the emotionally neutral buyers, sad buyers were willing to pay as much as 30% more for an item, while sad sellers were willing to price items at up to 33% less than emotionally neutral sellers. 

Other studies have been conducted that demonstrate that ANY emotionally charged issue or situation, regardless of whether it is positively or negatively charged, will have a direct ipact and influence on the type and quality of decisions made.

The implications?
  • Consider carefully the placement of advertisements, within magazines etc.  The effectiveness of your ad will be heavily influenced by the article(s) preceding it.  The content of your advertisement would need to shift depending upon whether the articles preceding it were happy or sad, positive or negative in nature.  The emotions that those articles evoke in your audience will have a significant impact on the way in which your advertisement is viewed and, ultimately, how much of your product gets sold.
  • This same consideration should be given to the likely emotional state of your audience, before crafting and framing your communications or requests.  If employees are fearful of the economic situation and stability of the marketplace, then they are more likely to be influenced by messages utilizing the social proof heuristic and will be less responsive to messages that utilize other influence attempts. 
  • You should also give some consideration to how you are feeling - emotionally - before entering into any negotiation process or buying situation.  You are most likely to make the best buying decisions when in a fairly emotionally neutral state. 
  • Recognise that these same elements may influence any decision that we need to make. Our emotional state will serve to make us more or less cautious in our decisions or even influence the length of time it takes us to decide. 
If you have ever found yourself buying something that you didn't want or need, or paying a much higher price for something than you should have - you know you have been influenced through an emotional state.  Just as we have been told repeatedly not to go grocery shopping when hungry, so too must we now consider not going shopping when we're too emotionally charged.  Unless, of course, we won't mind the impact on our pocket-book!!



*social proof - evidence that others are 'doing' it, celebrity endorsements fall into this category.  In general, we look to others behaviour to guide our own.

**Scarcity - the 'only 50 left' strategy.  If something is in limited supply or going quickly we may be more inclined to purchase it for ourselves.

Monday, August 11, 2014

3 Step Formula for Promoting & Selling Your Ideas

One sure-fire way to being seen as adding value to any organization is to come up with ideas that others can't wait to implement.  However, having a great idea is not enough.  If you aren't able to get others on board with your idea then it will languish under your bed with the other great ideas collecting dust.

Great ideas don't come into being all on their own.  Not everyone is as quick to recognise a good idea when they see and hear it, primarily because they have to wade through all of the garbage that exists standing in the way.  Just as a new song you hear may not be your favourite the very first time you hear it, because it is unfamiliar, you can grow to love it with a few more playings. Help your ideas take root by doing the same.
Good ideas are common - what's uncommon are people who'll work hard enough to bring them about.            Ashleigh Brilliant

In order to help you gain the acceptance and recognition that your idea deserves I have pulled together the top 3 strategies you need to employ to get it heard, get it remembered, and get it adopted.

1.  Pre-Sell.  It is rare that people automatically and immediately jump on new ideas.  Often they need a little time for the idea to percolate.  To give your ideas time to take root in the minds, if not the hearts, of your audience run some of the basics of the idea past them prior to the meeting.  Giving them time to think it through a little helps them to work through some of their hesitation.  Consider also being strategic about courting some influencers.  Think about who around the upcoming meeting room table has a strong influence over others and work to pre-sell them.  Let them know that you value their opinion and you'd like to bounce an idea past them.  Working through their objections and getting them on board means that you have a supporter around the table that will help you to sell the idea when it's time.

2.  Make the idea Familiar.  The more 'different' your idea the bigger the resistance you will likely encounter.  Most people do not go out of their way to embrace change.  Build some familiarity into your idea.  Highlight some of the things that are staying the same, rather than simply emphasizing everything that will change.  Most nay-sayers are objecting to the perceived size of the 'change' required, not the idea itself.   Create a link to something that others know well, perhaps using an analogy, a catch-phrase or a simile. Likening your idea to something others are already familiar with helps them to feel more comfortable with the idea and the idea to feel instantly more 'doable'.  The more comfortable and familiar your idea feels the more likely they are to say yes.

3.  After Sell.  Don't think that just because an idea isn't immediately accepted that it is dead in the water. Court people after the fact.  Identify their objections.  Ask them... 'If we were able to address this concern would you be on board?"... and then fix it.  You can re-pitch your  idea once you have developed solutions to the objections that were raised.  Courting people before you do assures you of gaining their acceptance. Once they say that they will be on board with your idea if you can address the issue they raised, it is difficult for them to continue to object once you've fixed it, without appearing to be contrarian.

Don't worry about people stealing your ideas.  If your ideas are any good, you'll have to ram them down people's throats.      Howard Aiken
Use this 3-Step process to help your ideas to stand out and gain acceptance.  Investing a little more time in ensuring their success helps assure you of yours!

Monday, February 24, 2014

People Buy People

People 'buy' People.

What are they 'buying' from you?

Seriously. Think about this. What is it that people get and can expect when they interact and work with you? Is it worth the price?  If what you have to offer is not uniquely different than the person standing next to you, then why would someone choose you?

It starts to feel a little like picking sports teams in grade-school, no one wants to be the last one 'picked' for the team, but this is what happens every day in business.  When you go for an interview, when project teams are being put together, when promotions are being made, when consultants are hired.  Skills, abilities, attitudes and experiences are being bought, which means we are all in the business of selling ourselves.

How good is your sales process?

As with any product, you can't sell what you don't know.  How clear are you about your strengths?  You can't articulate and highlight what you don't know.  Ideally you want to build your brand around the key strengths you possess that are both marketable AND that you enjoy using.  An exercise that I use with clients to help them uncover these strengths is the following...
Take out a piece of paper and draw a quick chart. Down the left-hand column, create a list of your accomplishments and achievements that still instill you with pride. Pride is a key component because if you still feel good about what you achieved you likely used some talents and skills you enjoy.  
Across the top row you are going to list your abilities.  Start with the first accomplishment you listed and consider the various skills and abilities that you called upon to help you complete that task.  List them in the top row, checking each off in the row across from its associated accomplishment.  
Look at the next accomplishment you listed and check off any of the abilities you added that apply to this accomplishment.  Some may have been used while others hadn't.  Add any additional skills that you haven't yet indicated.
Continue to review each accomplishment, checking off any of the abilities you've listed that were used to complete each, while also adding any additional skills/abilities that were also used.
When completed, take a look at the abilities with the most check marks. These likely represent those skills/abilities that you call upon the most and represent your key strengths. Given that these accomplishments are pride-filled moments for you, these strengths are also likely to be things you enjoy doing and are talents that others recognise in you and turn to you for help with. These are the elements that people 'buy' from you.
Knowing what you have to sell to others is one thing, selling it is another.  People can't buy what they don't know is for sale.  What are your marketing strategies?  Doing great work, and letting it speak for you, is one strategy... but it is only one. On its own it is insufficient to ensure that your product - 'you' - stands out on the shelves.  What other strategies could you implement that help you to stand out and be seen?  Here are a couple of quick tips borrowed from our Bragging Rights program to help get you started...

  • When you have helped someone out and they thank you, don't ever respond with... 'No problem'.  Ever.  Saying 'no problem' implies that, in fact, it was no problem.  Which is rarely ever true.  Don't diminish the work you did by saying that it was no problem.  Simply saying 'you're welcome' is better, but consider letting them know you went out of your way for them by saying something along the lines of... 'I know how important it was to your project so I juggled a few things to make some room to help you out'.  It never hurts to let someone know you are willing to give a little something extra, which helps differentiate you from the rest of the crowd.
  • When you enjoy doing something, let people know... so you can get more of it!  We may be good at many things, but we really only want to work on those that we are both good at AND love doing. Others aren't likely to distinguish between the two if you don't highlight the difference for them.  
  • When you meet people that you haven't seen in a while and they ask you what you've been up to, do not... I repeat ... DO NOT simply say 'nothing much', or 'keeping busy'.  Give them some insight. This is a great opportunity to insert a little brag-bite, a short update on something, just one thing, that you have been doing that highlights a strength.  Make it short, snappy, interesting... but start getting the word out about what it is that you can do if you want people to remember it, and you, when great new projects are coming down the pipe.  
People are constantly in the market for people.  People to help bridge the gap between their personal talents and their needs.  Help them to see you as the right fit for that gap by selling yourself appropriately.  People are buying people all the time.  If they are not buying 'you' then it may be time for you to revamp your marketing strategies.
 
 
 

Friday, March 19, 2010

The Effects of Emotional State on Influence Success

Research studies have shown a clear connection between the emotional state of the individual and the success of an influence strategy.  In these studies, people were either exposed to messages that were designed to induce fear-based emotions or romantic-based emotions.  These emotions were created through short stories and film clips.

Each group was then exposed to advertisements using either social-proof* or scarcity** type messages as their influence strategies.  The results?  Those people exposed previously to fear-based emotions were more persuaded by the social proof appeals, while those people exposed to romantic-based emotions were more persuaded by influence messages utilizing scarcity and uniqueness.

Interestingly, studies have also shown that not only our buying behaviour, but our selling behaviour can be affected by our emotional state.  Jennifer Lerner and her associates set out to determine just this.  What they did find was that those individuals in which they induced a feeling of sadness (again, through film clips and essays) were likely to pay more for an item if buying, or to sell it for less.  In fact, compared to the emotionally neutral buyers, sad buyers were willing to pay as much as 30% more for an item, while sad sellers were willing to price items at up to 33% less than emotionally neutral sellers. 

Other studies have been conducted that demonstrate that ANY emotionally charged issue or situation, regardless of whether it is positively or negatively charged, will have a direct impact and influence on the type and quality of decisions made. 

The implications?
  • consider carefully the placement of advertisements, within magazines etc.  The effectiveness of your ad will be heavily influenced by the article(s) preceding it.  The content of your advertisement would need to shift depending upon whether the articles precding it were happy or sad, positive or negative in nature.  The emotions that those articles evoke in your audience will have a significant impact on the way in which your advertisement is viewed and, ultimately, how much of your product gets sold.
  • this same consideration should be given to the likely emotional state of your audience, before crafting and framing your communications or requests.  If employees are fearful of the economic situation and stability of the marketplace, then they are more likely to be influenced by messages utilizing the social proof heuristic and will be less responsive to messages that utilize other influence attempts. 
  • you should also give some consideration to how you are feeling - emotionally - before entering into any negotiation process or buying situation.  You are most likely to make the best buying decisions when in a fairly emotionally neutral state.  
If you have ever found yourself buying something that you didn't want or need, or paying a much higher price for something than you should have - you know you have been influenced through an emotional state.  Just as we have been told repeatedly not to go grocery shopping when hungry, so too must we now consider not going shopping when we're too emotionally charged.  Unless, of course, we won't mind the impact on our pocket-book!!



*social proof - evidence that others are 'doing' it, celebrity endorsements fall into this category.  In general, we look to others behaviour to guide our own.

**Scarcity - the 'only 50 left' strategy.  If something is in limited supply or going quickly we may be more inclined to purchase it for ourselves.