Customer Fear : Ask Yourself

Our fears, whether they're of illness, loss, or social rejection motivate us to make wise decisions by forcing us to consider negative possibilities -- "Will I die if I don't follow this diet?" "Will my business collapse if I don't purchase this software?" "Will I be embarrassed if I don't use this deodorant?"

There are four kinds of consumer 'fears' that you can leverage to your advantage.
  • Fear that the status quo will go from good to bad and from bad to worse if he/she doesn't buy your product
  • Fear that the consumer will be paying more than is necessary unless he/she does business with you
  • Fear of making a mistake in choosing a solution unless it's YOUR solution
  • Fear of losing out on an opportunity unless they act now and purchase your product.
When writing your marketing materials, bear in mind that people respond more to what they are going to lose than to what they are going to gain. It's called "fear of loss."

Ask yourself: What will my customers stand to lose if they do not buy my product or service? When you've figured out the answer, you've identified a key sales point for your sales letter.

2 comments:

Damaria Senne said...

Maybe I'm not a very good salesperson, but i don't like the idea of using people's fears to sell them something. I prefer the benefit-based motivation; that way, my customers don't feel like I'm a vulture, but someone who enriches their lives.

Barry Feig said...

Very insightful Yaqoob, but fear is really a loss a control over one's well being -- it's my number one hot button. Insurance companies used to sell on the fear approach but have found more success selling on the more positive "peace-of-mind" approach. Michelin shows the baby in their commercials as a mnemonic for safety. They don't show crashes.

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