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Buyology offers insights to the consumer’s mind

Marketing expert Martin Lindstrom recently published ‘Buyology’—a book that delves into neurological marketing research.



“A difficulty of standard marketing research,” Lindstrom says, “is that people will not — or cannot — provide accurate information about their mental states.” Whenever a consumer is asked to justify their choices, they don’t give straight answers. “This is the great advantage of brain waves,” asserted Lindstrom.



As opposed to conventional research methods, neurological marketing research protects consumer information from bias, i.e. lying, peer pressure, vanity, and many more. Neurological research uncovers the truth behind every consumer’s choice.

Lindstrom’s studies used two technologies: SST (Steady State Topography) and MRI (Magnetic Response Imaging). The test had 2,000 subjects, and here are some of the findings as reposted from USAToday.com,



“•Warning labels on cigarettes don't work. They stimulate activity in the part of a smoker's brain linked to cravings.


Traditional advertisements no longer create lasting impressions. By age 66, most people with a TV will have seen nearly 2 million commercials. That makes it hard for an ad to increase a viewer's memory of a brand, despite the millions spent.


Product placement only works when fully integrated. It works when Coke-bottle-shaped furniture is part of the set design on American Idol, for example, or when Reese's Pieces candy was used for bait in the movie E.T. However, when a product is not integrated, such as FedEx packages appearing in the background of Casino Royale, there is no measurable effect with regard to viewer recollection of brand.


Sex sells itself. Viewers of sexually suggestive ads did pay attention, but more to the sex than the ad. In one study, fewer than 1-in-10 men who saw a sexually suggestive ad could recall the product, while twice as many remembered the product in non-sexually suggestive ads.


Successful branding functions like religion. Simple rituals, such as putting a lime wedge in a Corona or slowly pouring a Guinness, give the brand added cachet. Brands attract zealous followers — "I'm a Mac; I'm a PC." Scans using fMRI technology showed that some viewers had the same neurological response to strong brands that they did to religious iconography” (Seth Brown, USAToday).

 

iPod product placement in Supernatural is most recalled

According to Nielsen IAG, the Apple iPod product placement in the September 18 episode of ‘Supernatural’ ranked number one, in terms of recall among broadcast network product placements.



The iPod product placement in Supernatural was followed by product placements from renowned TV shows ‘Chuck’ and ‘Terminator: The Sarah Connor Chronicles’, which featured the Crown Victoria and the Dodge Ram pickup, respectively.



According to Robert Seidman of TVbytheNumbers, “This isn’t measuring total exposure of the product placement, rather the percentage of viewers who can recall  the product placement within a 24 hour period.  The iPod placement in Supernatural was recalled 2.3 times more than the average product placement.  Even more than a month after it aired, I remembered the iPod scene in Supernatural.”

 

Heart Health to conduct product placement research

Yesterday, Heart Health Inc. announced that the company will be contracting a research company to conduct feasibility studies concerning product placements of the Heart Health Monitor. It is a wide market that will be welcomed by advertisers. The annual sales of cardiovascular products are estimated to reach more than 29.4 billion/year.



With the help of a research company, Heart Health Inc. will conduct surveys to evaluate the size and scope of the target market. Heart Health Inc. will use this data to see the ideal number of rollout units that will maximize profit.  



“We have a great product that we believe will be an enormous benefit to the medical community. Through this endeavor we want to determine the best approach to market our Heart Health Monitor to reach the most people, generate revenue and maximize our shareholders' value,” commented Michael Kron, Chairman and CEO of Heart Health Inc.

 

Obama for BMW and McCain for Ford

In the latest Presidential Image Power Survey conducted by Landor Associates and Penn, Schoen & Berland, voters were asked to associate presidential and vice-presidential candidates with fictional characters, retail stores, snacks and cars.



Voters associated Obama to BMW, Google, and Target, while McCain was compared to Ford, Wal-Mart, and AOL.



The study found that voters had strong brand perceptions to both candidates. Most notably, both candidates were said to be game changers. As asserted by Scott Siff, VP of Penn, Schoen & Berlan, “"Three of the key brands that McCain and Obama are both associated with won their reputation as game changers in their respective categories by allowing people to achieve individuality in a comfortable format.”

 

Product Placement Study Finds Minorities More Influenced


A recent study by the BIGresearch Company suggests that product placements influence consumer purchases most effectively for groceries, electronics, and apparel. Among these top categories, minorities (Hispanics, African Americans, and Asians) are more influenced by product placement compared to Caucasians.  



According to marketing experts, grocery and electronics generally do well with product placements. But the best product placements are beauty products, because they are purchased for social validation, which, more often than not, is influenced by what people see on TV.



The study suggests that minority groups are bigger media consumers. And they watch to see products to determine which ones are “must-haves.” While ethnic targeting for product placements are not yet extensively studied, these results represent good future prospects for the method.



For more on the research, go to medialife.com

 
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