Impacts of emotional marketing on consumers’ buying decision:
- Consumers feel much more than they think.
- People make decisions out of feelings.
- The more brand is able to meet these emotional expectations, the higher the chance of the consumer buying it.
Research has shown that consumers feel much more than they think. People make decisions out of feelings such as love, happiness, esteem, recognition. They ask, “What do I want to experience?” What is in it for me? We predict how we are going to feel after making a decision. The more your brand is able to meet these emotional expectations, the higher the chance of the consumer buying it.
While Apple did not invent the MP3 device, the 1st iPod product had a weak screen, low battery life, users couldn't shuffle music and was expensive when it launched. But it took 70 per cent of the market share by focusing on emotional associations without advertising. “What they did was make a product that was cool. You felt stressed until you had one, then you were cool too. They didn't make it discrete. It came with a white cord that other people could notice.” For the iPod, it was not about product or price but about emotions, that drives them to buy.