The Brainy Business | Understanding the Psychology of Why People Buy | Behavioral Economics 480. Marketing to Mindstates
In this episode of The Brainy Business podcast, Melina Palmer welcomes Will Leach, founder and CEO of Mindstate Group, to discuss the powerful marketing concepts. Drawing from his extensive experience in behavioral science and marketing, Will shares insights from his bestselling book, Marketing to Mindstates, and explains how understanding consumer psychology can transform marketing strategies.
Melina and Will discuss the importance of clarity in messaging, exploring the distinction between optimistic and cautious approaches to marketing. They also explore how brands can effectively connect with their target audiences by aligning their messaging with the psychological motivations of consumers. Will shares compelling examples, including the innovative snack brand Wicked Crisps, which was built entirely on behavioral science principles.
In this episode:
- Discover the concept of mind states and how they influence consumer behavior.
- Learn about the nine motivations that drive consumer choices and how to tailor marketing messages accordingly.
- Explore the difference between optimistic and cautious regulatory approaches in marketing.
- Gain insights into the practical application of behavioral science in branding and marketing strategies.
- Understand the significance of clarity in messaging and how it impacts consumer perception.
Get important links, top recommended books and episodes, and a full transcript at thebrainybusiness.com/480.
Looking to explore applications of behavioral economics further?
- Learn With Us on our website.
- Subscribe to Melina’s Newsletter Brainy Bites.
Let’s connect: