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cerveau marketing psychologie

Why psychology is essential to your marketing strategy

cerveau marketing psychologie

For some companies and some marketers, psychology is nothing but abstract science. Yet for the most informed ones, it is an innovative opportunity to understand and reach their target in an efficient way.

THE ISSUE

The challenge faced by marketing and sales campaigns is to accurately assign customers to different profiles. Campaigns thus either reach a single sociodemographic segment that is irrelevant and too extensive (generation X, Y, socioprofessional category, age, interests, and so on). Or they attempt to reach too wide a spectrum of various prospects in a unique and single manner. The latter strategy bears the risk of not reaching anyone by speaking to everyone all at once…

“Using psychology into marketing and sales strategy has produced spectacular results for pioneering companies”

PSYCHOLOGY DECONSTRUCTS TRADITIONAL MARKETING SEGMENTS

Customers of a given segment – socioprofessional categories, sociodemography, age, location – can actually show substantial psychological differences. These customers won’t be sensitive to the same sales and marketing messages. Conversely, customers from these different traditional marketing segments may be sensitive to the same marketing content owing to similar psychological profiles.

psychologie marketing segmentation

The benefit of integrating psychology to your sales and marketing strategy is simple. Psychological segmentation criteria allows you to 1) categorize customers in a more accurate and relevant way than traditional marketing segments; and, 2) adjust sales and marketing content to different psychological profiles. Taking psychology into account enables you to establish new marketing segments that turns out to be more accurate, more efficient, and based on science.

WHAT ARE THESE PSYCHOLOGICAL PROFILES?

segmentation psychologie marketing

Your target can be categorized using psychological variables called psychometric scales. For instance, personality can be assessed following 5 scales – aka the Big Five – which are extraversion, neuroticism, agreeableness, openess to experience and conscientiousness. These scientifically-validated scales generate a score for every customer that is assessed. Sales and marketing content can then be tailored to different personalities for greater efficiency.

WHICH CONTENT FOR WHICH PROFILE?

In neuromarketing, the prevention-promotion psychological scale helps us identify different types of customers. On one hand, customers can be more sensitive to prevention-based content, such as the reduction of potential risks or uncertainty (ʺThe braking system of this new car model reduces braking distance and thus diminishes crash risksʺ). On the other hand, customers can be more sensitive to promotion-based content which emphasizes benefits (ʺWith a more efficient engine, this new car model allows you to cover longer distances with a single full tankʺ).

CONCRETE RESULTS

Bringing customer psychology to sales and marketing strategies remains underused. Yet, some pioneering companies have already obtained spectacular results. In a 2017 study, British and American researchers assessed the efficiency of tailoring advertising content to customers’ personality. The personality scales used were extraversion and openess to experience. Scientists recorded the number of mobile app. sales when advertising content was tailored to customers’ personality. These sales were compared to a second campaign where advertisements were the same for every customer. Results show that mobile app. sales increased by 79% when advertising content was tailored to customers’ personality.

psychology marketing strategy sales
Psychology applied to marketing and sales strategy in 3 phases

In a future post, we will discuss how to assess customers’ psychology and how to adjust sales and marketing content accordingly.

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ABOUT THE AUTHOR:

Dr Morgan DAVID   

A former academic and behavioural sciences expert, Dr Morgan David is the founder and director of ANALYTICA, a consultancy agency based in the UK and in France. ANALYTICA uses the way our brain works to design better products and better services in the realm of neuromarketing, webmarketing, customer experience, sales strategy and pricing tactics. ANALYTICA created CogniSales, a neuromarketing sales service, and CogniMenu, the first new-generation menu engineering service.

neuro-marketing menu engineering

What is menu engineering?

photo bar menu engineering

 

Your restaurant’s menu is your number 1 generator of sales. Menus and display boards have unexploited sales potential which menu engineering can optimise. Largely ignored by traditional marketers, this innovative tool generates a substantial improvement in restaurants’ average orders and margins. What is menu engineering, then? And how does it work?

 

 

Menu engineering is a technique that reinvents restaurants’ menus and display boards to optimise their sales. We are not talking about replacing current meals, their composition, or the restaurant’s philosophy! Chefs and restaurant owners are the best people to propose meals and services that suit their vision, while menu engineering uses neuromarketing, price optimisation and customer-experience. Once employed, these techniques lead to a powerful and efficient change in a menu’s structure, its layout and the way pieces of information are displayed on it.

 

Previous-generation menu engineering aims to categorize different meals and beverages based on their contribution margin and their popularity. This way you can easily identify the most profitable meals and also those that require more selling effort.

 

figure menu engineering

 

Yet, it is essential to go beyond this limited phase of identification to apply a corresponding tactic that will improve your margins and average orders. How can new-generation menu engineering improve these two essential dimensions of your profits? By developing and reinventing your menu and display boards through four tactics:

 

 

1/ PRICE OPTIMISATION

 

Optimising prices allows you to increase margins and to avoid losing sales opportunities. Decreasing the price of a meal does not automatically translate into more sales. Conversely, raising the price of a meal will not automatically decrease sales. Fast-food and gourmet restaurants follow different rules regarding pricing strategy and price presentation. By carefully analysing any meals’ profitability to determine a price optimisation tactic, you will 1) reach a wider variety of clients, and 2) avoid losing sales opportunities and revenue related to sub-optimal pricing.

 

cognimenu logo menu engineering

Discover CogniMenu, the 1st new-generation menu engineering service in the UK!

 

2/ NEUROMARKETING

 

So far you have improved margins by optimising prices. The second step will consist of guiding your customers towards the most profitable meals and beverages. To this end, neuromarketing is crucial for your price optimisation strategy to be a success. Also called ‘customer psychology’, neuromarketing uses the way our brain takes decisions to guide your customers in their choice of a meal. By increasing the popularity of meals with the highest margins, neuromarketing generates higher profits. This is achieved through reinventing the way information is laid out on your menus and display boards, and through improving their structure.

 

 

menu example 2

 

3/ STRUCTURE

The structure of your menu or display boards is the cornerstone of your menu engineering strategy. Price optimisation and neuromarketing requires restructuring your menu to achieve efficiency. The structure and organisation of your menu are crucial to guide your customers in their choice of meals. A carefully-built structure will also contribute to a better customer experience.

 

structure menu engineering

 

4/ CUSTOMER EXPERIENCE

 

Unsatisfactory customer experience results in less sales and missed repeat business. I better repeat this twice for emphasis: you need to understand your customers’ needs to please them and generate successful sales. For these reasons your menu has to follow basic ergonomic principles. For example, information on your menu and boards must be displayed in a way that customers’ brains will process with ease and accuracy. That may sound simple, but many menus and display boards are nothing but puzzles to be solved by your customers. Most menus do not anticipate customers’ queries and automatic reasoning. The fluency with which information can be explored by your customers is a crucial determinant of their satisfaction.

 

menu engineering font

 

Are the menus or display boards of your restaurant optimised? Find out with the brand-new and FREE tool developed for you by CogniMenu, the 1st new-generation menu engineering service in the UK! Click here or on the link below to analyze your menu!

www.cabinet-analytica.fr/en/assess-your-menu/

 

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ABOUT THE AUTHOR:

Dr Morgan DAVID   

A former academic and behavioural sciences expert, Dr Morgan David is the founder and director of ANALYTICA, a consultancy agency based in the UK and in France. ANALYTICA uses the way our brain works to design better products and better services in the realm of neuromarketing, webmarketing, customer experience, sales strategy and pricing tactics. ANALYTICA created CogniSales, a neuromarketing sales service, and CogniMenu, the first new-generation menu engineering service.