Decoding the New Consumer Mind :How and Why We Shop and Buy

Publication subTitle :How and Why We Shop and Buy

Author: Kit Yarrow  

Publisher: John Wiley & Sons Inc‎

Publication year: 2014

E-ISBN: 9781118859315

P-ISBN(Hardback):  9781118647684

Subject: F713.55 Commercial psychology and market psychology.

Language: ENG

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Description

Take a glimpse into the mind of the modern consumer

A decade of swift and stunning change has profoundly affected the psychology of how, when, and why we shop and buy. In Decoding the New Consumer Mind, award-winning consumer psychologist Kit Yarrow shares surprising insights about the new motivations and behaviors of shoppers, taking marketers where they need to be today: into the deeply psychological and often unconscious relationships that people have with products, retailers, marketing communications, and brands.

Drawing on hundreds of consumer interviews and shop-alongs, Yarrow reveals the trends that define our transformed behavior. For example, when we shop we show greater emotionality, hunting for more intense experiences and seeking relief and distraction online. A profound sense of isolation and individualism shapes the way we express ourselves and connect with brands and retailers. Neurological research even suggests that our brains are rewired, altering what we crave, how we think, and where our attention goes.

Decoding the New Consumer Mind provides marketers with practical ways to tap into this new consumer psychology, and Yarrow shows how to combine technology and innovation to enhance brand image; win love and loyalty through authenticity and integrity; put the consumer’s needs and preferences front and center; and deliver the most emotionally intense, yet uncomplicated, experience possible. Armed with Yarrow’s strategies, marketers will be able to connect more effectively with consumers—driving profit and success across the organization.

Chapter

Decoding the New Consumer Mind: How and Why We Shop and Buy

Copyright

Contents

Foreword

Introduction

The New American Consumer

Three Cultural Shifts and Four Marketing Strategies to Meet Them

Part 1: The New Consumer Mind

Chapter 1: Rewired Brains

Technology and Consumer Behavior

Five Psychological Shifts

Innovation Optimism

Consumer Empowerment

Faster Ways of Thinking

Symbol Power

New Ways of Connecting

Chapter 2: Isolation and Individualism

Technology

Surface Appeal

Hello? Hello?

The Fame Game

Living in the Moment vs. Posting the Moment

Emotional Isolation

Trust and Self-Reliance

Community Through Commonalities

RUDE!

Self-Protection

Matters of Trust

A New Fairness Equation: In It for Ourselves

Marketing to the Individualist Consumer

Chapter 3: Intensified Emotions

Narcissism

Secret Narcissists

Narcissism Goes Shopping

Narcissism and the Critical Customer

The Marketer’s Mini Primer on the Psychology of Stress, Anxiety, and Anger

This Is Your Brain on Stress

Edgy and Anxious

Ticked Off and Angry

Why Consumers are More Emotional

Bad News Is Worse Today—Because of How We Get It

The Velocity of Change Makes the World Even More Unpredictable

There Is Such a Thing as Too Much Choice

The Self-Esteem Movement Has Raised Our Expectations

Our Happiness Expectations Are Making Us Unhappy

What the Emotional Consumer Wants

The Allure of the Bargain

The Problem with Traditional Marketing Research

Retail Therapy

The Consumer Call for Change

Part 2: Strategies to Connect with Today’s New Consumer

Chapter 4: Technovation

The Path to Purchase Is Paved with Technology

The Technovation Advantage

Big Box Apps

Smartphone and Tablet Assistance

Mobile Checkout

Virtual Stores

Big Data and Technovation

Integrated Shopping: Tear Down Those Walls

The Future of Beauty

Chapter 5: The Real Deal

Using Psychology to Build Consumer Trust

The Rub-Off

Humanizing

Consistency and the Word on Words

Anchoring

A Brand That Does It All

Authenticity

Scarcity

Community

Chapter 6: Involvement

New-School Marketing

The Four C’s of Involvement

Champions

Customization

Crowdsourcing

Contests

Chapter 7: Intensity

Breakthrough Messaging

Talk Like Me

Make It About Me

Surprise Me

Shock Me

Easy Does It

Help Me Multitask

Help Me Keep It Simple

Conclusion

Notes

Acknowledgments and Gratitude

About the Author

Index

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