๐๏ธ Time pressure, stock limits and count down timers are classic sales tactics, but do they work? ๐ค
โฐ Time pressure results in almost 3X more sales, however, 4X product returns. Yikes! ๐ฑ
๐ก Well, there's a better way: Reassuring your customers is a better option than limited time offers.
When you reassure your customers, it'll boost their confidence in the product they're about to buy.
How? ๐
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Reassure based on past purchases: This fits your style ๐
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Clearly explain the product/service: list dimensions, sizes, colors, benefits, etc ๐๐จ
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Remind them of their selections throughout checkout process ๐๏ธ๐ญ
Instead of using 'Time Pressured' marketing tactic, try the 'Reassurance' strategy, which reduce returns by a whopping 69.3%, according to research published in theย Journal of Marketing Research.
๐ค Why does it work?
Pressure makes us impulsive, but it also increases buyer's guilt which leads to buyer's remorse.
Reassurance, however, encourages confidence in purchase. ๐ช
Reassurance addresses customer questions, helps justify buying decisions, and eliminates the need for further research.
It's a Win-win! ๐
๐ Next time you're working on a product page or a marketing campaign, why not put reassurance to the test instead of using pressure tactic?
Compare the outcomes and see the magic happen! โจ
Do it! Yeah, Do it now! ...just kiddin'. ๐