Marketing Strategy

A profound effect on how clients and consumers see you

By 23rd June 2017 No Comments

One-phrase slogans can have a profound effect on how clients and consumers see your product or service proposition. One key factor in crafting that phrase is matching its content to the client’s mindset, and in particular to the way they view opportunity. Here we explore the two fundamentally different kinds of consumer motivation: prevention and promotion.

Promotion motivation – what’s to gain?

Research in psychology shows that some people are more energised by optimism and praise. They see their goals as opportunity for gain or advancement. Research also suggests that these people are also more likely to embrace risk, seize opportunities and excel at creativity and innovation. Generally speaking, younger people are more promotion-minded.

Prevention motivation – what’s to lose?

A different type of person will view opportunity to avoid loss and/or stay safe. The prevention-minded are more driven by criticism and the possibility of failure; though they are more risk-averse, they are thorough and accurate in their work.

So which approach should you take with your product and its tagline? Products, activities and ideas can have different motivational focuses, just as people do, and it’s simple if your product is obviously in one category or the other. If you are selling term life insurance, you will be dealing with prevention-motivated buyers; high return but risky investments, on the other hand, will be purchased by promotion-motivated clients.

Knowing your audience is key, and research pays off. People will pay more for a product or service if you describe their choice in a way that matches their view of opportunity. You will increase engagement and your clients will ascribe more value to the product or service in question, as shown in changes in attitude, behaviour and spending.

Goldmine Media has over a decade’s experience of helping accountancy firms improve client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales. To find out more, please contact us.