Saturday, October 20, 2007

Consumers Can be Attracted With the Psychology of Behavioral Marketing

Author: Rajesh Kumar

In today’s world of cutthroat competition, the advertisers are constantly trying to implement ways and means to attract the consumer eyeballs. As the online business flourishes, the advertisers try to make the websites presence felt through innovative means like search engine optimization, article syndication and link building. The latest kid on the block that helps marketers to attract consumers to their product or service is the psychology of behavioral marketing. The psychology of behavioral marketing can be employed to many dimensions in objective. Its systematic tracking and monitoring of individual conducts can be extended to communication scheduling and business operations.

The psychology of behavioral marketing enables the website owner or advertiser to understand the buying behavior of the consumer depending on their movement across the internet. The website is then adapted in terms of style, design, navigation and content to suit the needs of the user and attract the potential consumer to the site. If the psychology of behavioral marketing is applied to information search, purchase decision, need recognition and evaluation or comparison, then you can easily see a strategy fit for every segment. Marketers must easily define principles for using the psychology of behavioral marketing before taking certain risks.

At the root of the psychology of behavioral marketing is an analysis that is based on learning the forms of behavior for consumers. This helps the marketers fully understand buying patterns of clients in a matter of time and scheduling the activities of a client that is directed not only at a single purchase, but also for a lifetime or on an annual basis. As different marketers are increasingly trying to comprehend the significance of value for the lifetime client, they are starting to appreciate the fact that behavioral marketing can be a source for producing a recurrent analytical study of consumer trends and patterns.

For the analysis of the psychology of behavioral marketing, we must suppose that all of the dimensions determine the aptitude completely. The most advanced direct response advertiser will be likely to generate many re-targeting portions that are based on the extent to which a specific consumer went into the sales process before he decided not to close the deal by purchasing the product or service. Once advertisers who are practicing the psychology of behavioral marketing ‘distinguishes’ a target visitor as previously visiting the website, they can formulate plans to attract and retain that visitor.

An advocate of the psychology of behavioral marketing can know the fundamental demographic and behavioral traits of customers. The advocate can then provide the behavioral marketing traits to a marketing network and distribute the advertisements to various users that reveal those exact behaviors. Hence, as an online business owner you must strongly consider partnering with a behavioral marketing advertisement network as part of the advertisement plan, as they provide the inputs that enable your business to set different goals. The psychology of behavioral marketing when applied in context to any business can turn in to an essential tool for the advancement and growth of that particular business.

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