Dear , I'm a big fan of Nick Kolenda. I'm shared some of his marketing insights here before.
Today's post is another winner. It's all about the importance of making products/services appear NEWER. That translates into more sales.
Enjoy! Reframe Products to Be Chronologically NewerPeople like new stuff merely because it's new. There's a recent finding called the mere newness preference (Jie & Li, 2022). How does it work? Well, I just called it a “recent” finding. Based on this mere newness, you think the study is more important. Even though it could be garbage. Researchers argue that it (has developed over time): For thousands of years, "...humans have developed a taste for fresh foods due to their greater nutrition content and disgust toward decaying foods due to their possibility for illness.” (Jie & Li, 2022, p. 2)
I suspect that it's also proximity: Since you live in the present, new products feel subconsciously closer to you: A study from 20 years ago might seem boring, while a new study – even if it were the same finding – would seem relevant and impactful because it’s closer to you. PRACTICAL TECHNIQUES:- Choose the Most Recent Framing. Whether it's the production date, release date, purchase date, etc.
- Indicate When Products Are New. Customers want fresh cars at a dealership over identical cars that have been sitting on the lot, even if nobody has driven them.
- Mention New Arrivals. Products seem more appealing if customers know they arrived in a recent shipment.
- Offer Limited Editions. These products are inherently new.
- Highlight Product Updates. This knowledge numbs the pain from rising prices
- Reframe Scarcity. Mentioning scarcity (e.g., “only 2 left”) could backfire if these products are viewed as the oldest units in a batch. Try the opposite (“newly arrived 2 days ago”). Instead of motivating customers to buy leftover options that nobody wanted, motivate them to buy fresh options that won’t stay fresh much
longer.
It works outside of ecommerce too. _______________________ Until next
time... And, remember, K.I.C. (Keep It Coptic). To read Nader Anise's bio on Wikipedia, go
to: Your friend, Nader Founder of the Coptic Chamber ABOUT NADER ANISE For the last 30 years, Nader’s talents as a marketing strategist and copywriter have generated
hundreds of millions of dollars for himself and his clients. In addition, he is a recognized PR expert, and has been featured in countless media outlets such as: The Wall Street Journal, NBC, CBS, Forbes, Bloomberg and USA Today. Nader’s storied marketing and sales experience has enabled him to mentor business owners in all types of industries,
including: legal, medical, financial, therapeutic, mortgage, investment, wealth, retail, insurance, transportation, pharmaceutical, clothing, restaurant, real estate, education, insurance, construction, internet, telecommunications, manufacturing and many others. Nader has educated over 25,000 business owners from all around the world on sales and
marketing. To read Nader Anise's bio on Wikipedia, go to: 3 AMAZING FACTS ABOUT NADER ANISE, ESQ. FACT #1: In 2001, Nader wrote a one page press
release that generated over $2,200,000 in free national publicity. FACT #2: Within four years of starting his law practice, Nader was featured on the cover of Lawyers Weekly USA section B (currently Lawyers USA) and was lauded for his remarkable achievement of building a "thriving law practice... without spending a penny on
advertising." FACT #3: Nader landed on the cover of the Wall Street Journal after sending the editor a cold email with a subject line that consisted of nine words, including, ONE key, riveting word. (BONUS FACT): Nader wrote a direct mail letter for a small business that created such an overwhelming response, the owner sent Nader a frantic email with the message: "You're killing me with all the new business. We are busting at the seams and all my employees are freaking out..." Subscribe to our YouTube channel: Did you enjoy this newsletter? Please share it using one of the buttons below: |
|
|