How shops use psychology to influence your buying decisions - Deepstash
How shops use psychology to influence your buying decisions

How shops use psychology to influence your buying decisions

Curated from: theconversation.com

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Shopping Is A Mouse Trap

Shopping Is A Mouse Trap

You might think that you only buy what you need when you need it. But whether you are shopping for food, clothes or gadgets, the retailers are using the power of psychological persuasion to influence your decisions – and help you part with your cash.

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You Are A Lab Rat In A Supermarket

You Are A Lab Rat In A Supermarket

Why do shops like to move everything around? Well, it’s actually a simple answer. Changing the location of items in a store means that we, the customers, are exposed to different items as we wander around searching for the things we need or want. This ploy can often significantly increase unplanned spending, as we add additional items to our baskets – often on impulse – while spending more time in the shop.

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Impulse Buying

Impulse Buying

Studies suggest that as much as 50% of all groceries are sold because of impulsiveness – and over 87% of shoppers make impulse buys.

It is known that external shopping cues – “buy one get one free” offers, discounts and in-store promotional displays, for example – play a key role.

An appealing offer can lead to a rush of temporary delight, and this makes it harder to make a rational buying decision. We’re overcome by the perceived value of the “saving” if we buy the item in the here and now – so we ignore other considerations such as whether we really need it.

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Bundling

Bundling

Bundling is another technique that retailers use to trigger impulse buying.

Complementary products are packaged together as one product, with one price, which often provides a substantial discount. Game consoles, for example, are often sold together with two or three games, and grocery stores have “meal deal” bundles and even web pages dedicated to a whole range of bundle offers.

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The Bottom Line

  • While these strategies can help to swell the profits of retailers, they can also contribute to problems for their customers.
  • Impulse buying can undoubtedly affect a consumer’s mental wellbeing. It increases feelings of shame and guilt, which in turn can lead to anxiety, stress and depression.
  • It’s potentially even more serious when buying on impulse leads to excessive buying, especially if people spend money they don’t have.

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IDEAS CURATED BY

lauragrah

Administrator for charities/voluntary organisations

Laura Graham's ideas are part of this journey:

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