We are halfway through 2021, and it is common for marketers to focus on the following year. Especially now that we are crawling out of a difficult post-coronavirus period, it is no wonder we prefer to focus on 2022. Some new terms are coming up, like neuromarketing, for example. Have you heard of it before?
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Today, we will be discussing three major movements that will impact the effectiveness of B2B marketing and also, of course, B2B affiliate marketing trends 2021.
Neuromarketing is a basis for marketing strategy
Whether it is B2B or B2C; Marketing is a game of influencing behavior, and for that, you have to get to people’s brains.
The neuromarketing B2B field focuses on the systems and processes in the human brain that lead to decision-making.
The neuromarketing studies provide interesting facts and methods for organizing B2B marketing more effectively and efficiently.
Neuromarketing is a field that has research and data as its foundation. B2B marketers will increasingly turn to the data foundations to make decisions. This concern themes such as:
How do I…
- Develop products and services that are even more relevant?
- I ensure a message and timing that makes an impact?
- I improve my website and email marketing, newsletters to generate more effect?
Through neuromarketing insights, you get concrete handles for the type of word use, sentence structure, UX and UI structure, and channel choices to increase the effect.
With the enormous knowledge that is available on this subject and the easier access to neuromarketing research, this will play a major role in B2B in 2021.
Neuromarketing: What You Need to Know?
“Neuromarketing” loosely relates to analyzing physiological and neural signals. This is done to obtain insight into consumers’ motives, choices, and judgments, which can help form creative advertisements, product improvement, pricing, and other shopping areas.
So should companies invest in neuromarketing—whether through brain scans or cheaper techniques? Some already have: NBC and TimeWarner have operated neuromarketing units for years; technology companies such as Microsoft, Google, and Facebook have recently formed units. Karmarkar says that in-house neuro-capability is still out of reach for most organizations simply because of the expense but that smaller companies can look to partner with specialist consulting firms.Harvard Business Review
Brain scan, which measures neurological activity, and physiological tracking, which also tracks eye movement and other elements for that activity, are the most popular analysis methods.
Influencer marketing in B2B
Okay, we have to differentiate this. As we know it in the B2C business, influencer marketing doesn’t blow over to B2B. What we do see, however, is a growing use of marketing through experts and blogs.
A common form of influencer marketing in B2B is a collaboration with knowledge leaders.
Specialists or experienced professionals are deployed to recommend a service or product.
You see this more and more in the SaaS world. Then products are more often than not get recommended by successful people.
You also see certain collaborations arise between industry leaders and brands and the development of joint ventures. Think of organizing a webinar or masterclass together. An alternative could be an online magazine or blog that takes advantage of the other’s network. For example, more and more B2B marketing companies choose to place guest blogs or use a sponsored post or interview on an online authority website.
Premium Content Marketing
A third pillar that forms the basis for all channels is a very good content marketing with a focus on quality.
In 2021 it is still relevant to score high in Google and be findable for your target keywords. To achieve that, and capture the disoriented Google-visitor, you need to offer very powerful content.
That means; deliver depth, creativity, and value.
This can also mean that your blog is no longer sufficient for your industry, and you could score with video marketing. YouTube still has a lot of space and prime-time for eager content consumers.
Conclusion – B2B marketing trends 2021
Whichever way you shape it, it will become a foundation for marketing tactics for most businesses. However, this can be a major challenge for many companies; generating good content is an investment and will not yield immediate returns.
However, if you have enough content, profit from it, and see the turnover increase, you are guaranteed to have sustainable, long-lasting marketing results. There are certain aspects of B2B marketing you can’t ignore in 2021, and we will cover more topics in our B2B marketing insider category.
In the coming weeks, we will post more blog posts in the run-up to 2021. Stay tuned and subscribe to our blog so you don’t miss an upcoming post.
Neuromarketing is taking the world by storm and has been used in some capacity by nearly every major corporation and university. Despite its enormous influence in the marketing industry, many people are unaware of what neuromarketing is or how to apply it effectively. The articles that follow provide 15 fascinating examples of neuromarketing in action.
1. The Value of Eye Gaze
It is common knowledge that advertisements that incorporate people are far more effective than those that do not. Images and movies featuring newborns, in particular, tend to elicit longer and more concentrated attention from potential customers. Advertisers have long attempted to improve sales of infant products by displaying close-ups of attractive infant faces; however, eye-tracking technology has revealed that this alone is insufficient.
Researchers noticed that viewers’ attention is drawn to the baby’s face when the infant stares directly at the camera rather than the ad content. However, if the infant’s gaze is directed onto the product or text, the viewer will be drawn to the advertising content.
TIP: As a result of these findings, advertisers have realized that, while baby faces are popular with consumers, they must also ensure that the baby is gazing at what they want the customer to buy. More information regarding the study may be found here.
2. Making Use of Effective Packaging
We’ve all been drawn to particularly eye-catching or appealing packaging. Advertisers have long known that it is not necessarily what is on the outside that counts, but neuroimaging has taken this to a whole new level. Neuroimaging has been utilized by brands such as Campbell’s and Frito-Lay to reinvent their packaging. Customers were shown packaging in studies, and their reactions were recorded as good, negative, or neutral. In addition, they were carefully interrogated about color, text, and images.
According to the findings of this response, customers had a negative response to shiny packaging, but not too matte packaging. Frito-Lay then ditched the flashy packaging in favor of the new, matte design.
TIP: Neuromarketing approaches are widely used in the redesign of packaging and appearance. Check out this link to read more about the study mentioned above (as well as some other intriguing studies).
3. Color is Important
Keep in mind that when you choose colors, you may be impacting how potential customers feel. Colors may elicit a wide spectrum of emotions, with research regularly demonstrating a link between specific colors and specific emotions.
Color can be a potent marketing tool when used effectively. Coca-pervasive Cola’s use of the color red is one of the most well-known instances, but many other firms have employed the color to great effect. Color and advertising neuromarketing professionals have split colors into subgroups as a reference to how they might be used effectively. If you want to attract experts, for example, cool blues are the go-to color.
TIP: make how color may be utilized to affect purchasing behavior.
4. Ad Effectiveness
For many years, brain imaging was solely the domain of academics and scientists. On the other hand, Neuromarketing has used the extraordinary power of fMRI imaging to provide insights into human behavior and consumer behaviors.
One application of fMRI in neuromarketing is to compare advertising campaigns before releasing them to the broader population. Participants in one study saw three distinct ads for the National Cancer Institute’s telephone hotline. The ad campaign that aroused the most brain activity in a specific region resulted in significantly more calls to the helpline.
This revolutionary methodology opens up new possibilities for identifying marketing campaigns that will actually engage the public.
TIP: fMRI has enormous promise for improving marketing strategy, increasing engagement, and driving action.
Sometimes consumer behavior research contradicts what we previously assumed. According to a Columbia University study, having too many choices may actually be a disincentive to potential customers. They found that displays with a wide range of alternatives were less likely to cause customers to stop using various settings.
TIP: Less is more, and too many choices might overwhelm customers. Are you curious about decision paralysis and what you can do about it? Take a look at this fantastic piece.
6. Assessing Satisfaction
Emotion Response Analysis (ERA) employs EEG imaging to determine an individual’s emotional response to a product, advertisement, or another stimulus.
The advertiser values our level of engagement or emotional arousal in relation to a product. If, for example, the consumer expresses a high level of irritation in response to your product, there is clearly a usability issue that you should fix. EEG can be used to assess customer satisfaction. EEG was utilized in one study to assess satisfaction with dermatological therapy. They found a link between consumer satisfaction and activation in the brain circuits involved in judging face appearance.
TIP: EEG, like fMRI, can give insights on the most efficient advertising methods (amongst other uses). Check out this link to learn more about how EEG can be used in conjunction with iMotions software.
7. Fear of Loss
One intriguing discovery of neuromarketing is that people do not want to lose out. People are just as concerned about what they might lose as they are about what they might get. As a reason, “but before it’s gone” techniques are extremely effective.
Consumers are far more likely to buy when the alternative option is presented as a loss. As a reason, a concept known as “framing” is crucial in neuromarketing. Advertisers use this method to offer consumers decisions to make them more likely to spend money.
TIP: consumers despise the feeling of missing out on a good deal, thus make it clear if they are about to miss out.
The initial piece of information that your customer receives is critical. It might serve as the foundation for any later decisions and set the tone for their shopping pattern. Neuroscientists have found a defect in the way the mind works and makes judgments. Individuals rarely judge the worth of something based on its intrinsic worth but rather compare it to the alternatives.
Taking advantage of this “anchoring effect” is thus a valuable use of neuromarketing. If you had a choice between two hotel rooms that are priced similarly, but one of them includes free coffee in the morning, you are considerably more likely to choose the one with the free coffee. You are unlikely to investigate the quality of the rooms available or any specific features.
Advertisers frequently take advantage of this when comparing bundle packages or promotions. As a result, we may frequently find ourselves accepting contracts or committing to a year-long commitment.
TIP: Anchoring can assist you in swinging the offer in the right direction. This excellent article discusses how anchoring tactics can be beneficial to organizations.
9. The Desire for Speed
Neuromarketing can be used to identify customer trends. While businesses frequently strive to project a sense of safety and security, customers may be more interested in speed and efficiency. PayPal uncovered this by performing a study in which it was observed that the promise of ease stimulated the brain more than the promise of security. They used this data to attract additional customers to their online payment service by emphasizing their quick payment mechanism.
TIP: While it may appear that emphasizing a product’s safety and security will win customers over, you may instead want to convey the impression that your product is speedy and efficient.
10. Exposing Hidden Reactions
Cheetos employed focus groups and EEG to measure consumer response to a new advertisement.
In this advertisement, a woman pranks her friend by loading her white load of laundry with orange Cheetos. The ad was disliked in focus groups, but when an EEG study was conducted with the same participants, it was discovered that they actually enjoyed it. Participants in the focus group were reluctant to say they found the ad hilarious for fear of offending other members. Neuromarketing can thus disclose hidden thoughts and desires.
The bottom line is that neuromarketing approaches can disclose concealed responses. Check out the IAT to read about another intriguing methodology capable of uncovering our mental processes.
11. Reward and Penalty
Even video game design has begun to include psychological ideas into the product development process, notably integrating reward and punishment to make compelling games that keep people playing them. The action may enhance dopamine (a neurotransmitter) levels in the brain by boosting the reward provided by the game. This neurotransmitter is linked to pleasure and good connections, which can increase the desire to continue playing.
Game designers are now hiring psychologists to assist with game creation, with psychological aspects being built directly into the game mechanics.
TIP: Provide a joyful experience for consumers to keep them engaged to and returning to your product.
12. Prototype Evaluation
While marketing is undoubtedly important in influencing consumer behavior, product design can also play a role.
Hyundai employed EEG to assess prototypes in a well-known neuromarketing example. They examined brain activity in response to various design characteristics and investigated which type of stimulation was most likely to result in a purchase.
The study’s findings prompted Hyundai to alter the exterior design of their vehicles.
TIP: The rise of neuromarketing has the potential to change the world we live in.
13. Setting the Appropriate Price
A long-running and difficult issue is how to price items in a way that entices consumers. We’re all aware that charging $9.99 instead of $10 for anything is an advertising ploy, but does it work?
A slew of fresh findings is throwing light on this age-old subject. According to this fascinating new piece of knowledge used by neuromarketers, rounded figures are more likely to work alongside emotional decision-making, but more complex figures work better when the logical brain is active. This is due to the fact that complicated numbers make the brain work harder, maybe convincing it that the more complexly priced product is the more rational choice.
TIP: When determining your price, use the neuromarketing method.
14. Website Design
Neuromarketing approaches are also being used to inform the design of websites.
Neuromarketers are delving into our website preferences, including color schemes, layouts, text size, and more. When it comes to developing websites, there are now some hard and fast regulations. Using certifications, testimonials, and social widgets, for example, is bound to attract more customers than those who do not.
Another intriguing discovery is that contemporary, horizontal website layouts are less effective than classic vertical ones. This is because reading web pages from top to bottom activates the brain and encourages visitors to keep scrolling.
TIP: Incorporate science into your website design. Check out this link for 15 more strategies to engage web traffic.
15. Catchy Headlines
Because headlines are one of the first things a viewer sees, they must stand out and be noticed.
As a result, they have received much attention, and a new neuromarketing approach is known as “Hippocampal Headlines” has been coined. What exactly does this mean? University College London researchers found that when a familiar sentence is slightly tweaked, our hippocampus is activated, and our attention is pricked. Many bloggers have used Patron and their marketing slogan “Practice Makes Patron” as examples of this.
TIP: Your advertising strategy will be far more effective if you surprise the brain.
The word “neuromarketing” refers to the measurement of physiological and neural signals in order to obtain insight into customer motivations, preferences, and decisions, which can assist inform creative advertising, product development, pricing, and other marketing sectors. The most prevalent methods of measurement are brain scanning, which measures neural activity, and physiological monitoring, which measures eye movement and other activity.
The two most common methods for scanning the brain are fMRI and EEG. The first one (functional magnetic resonance imaging) uses strong magnetic fields to track changes in blood flow across the brain and is performed while the patient is lying inside a machine that collects continuous measurements over time.
An EEG (electroencephalogram) measures brain-cell activity using sensors put on the subject’s scalp; it can track changes in activity in fractions of a second, but it is ineffective at pinpointing the exact location of the activity or measuring it in deep, subcortical parts of the brain (where a lot of interesting activity takes place). An fMRI can see deep into the brain, but it is time-consuming and only measures activity for a few seconds so that it may miss brief neural occurrences. (In addition, fMRI machines are several times more expensive than EEG equipment, often costing over $5 million with heavy overhead against around $20,000.)
Tools for measuring physiological proxies for brain activity are becoming more inexpensive and user-friendly. Eye-tracking can assess both attention and arousal (through pupil dilation); facial-expression coding (sensing the minute movement of muscles in the face) can assess emotional reactions; and heart rate, breathing rate, and skin conductivity can measure arousal.
Consumer neuroscience exploded in popularity in the mid-2000s, when business school researchers demonstrated that advertising, branding, and other marketing practices could have measurable effects on the brain.
Emory University researchers served Coca-Cola and Pepsi to subjects in an fMRI machine in 2004. The researchers observed a consistent neural response when the drinks were not identified. However, when subjects were able to view the brand, their limbic structures (brain areas linked with emotions, memories, and unconscious processing) showed increased activity, indicating that brand information impacted how the brain evaluated the beverage. Four years later, a team led by Hilke Plassmann of INSEAD examined the brains of test subjects as they drank three wines of varying prices; their brains registered the wines differently, with neural signals showing a preference for the most costly wine.
In reality, all three wines were identical. In another academic study, fMRI found that when consumers perceive a price, their mental computation of value changes: When the price was displayed before exposure to the product, the neural data differed from when it was displayed after exposure, implying two separate mental calculations: “Is that product worth the price?” when the price came first, and “Do I enjoy this product?” when the product came first.