Psychological ownership comes from trying on clothes

Creating a sense of psychological ownership will boost sales

Psychological ownership is a familiar concept of consumer behaviour. If people think they already own something, they are much more likely to buy it. So you can get potential purchasers of anything you sell to feel more willing to buy if they already feel they own the product or service. By creating a sense of ownership, people are more likely to buy from you.

Artificial intelligence and consumer behaviour will be used to study online shopping

Artificial intelligence and consumer behaviour work well together

Artificial Intelligence and consumer behaviour go well together. Consumer behaviour is difficult to analyse as it varies a great deal. Often, you need in-depth studies to see what is going on. Artificial intelligence (AI) can cut through that and give you ideas on how to sell more.

Hashtag word in search box

Are hashtags dead? The problems with using a #hashtag

Hashtags are highly popular yet most are, frankly, useless. Some appear to be able to garner huge support, such as #metoo, but others fade into obscurity. Hashtags also polarise and change behaviour. So they might not be as valuable as we think.

What now for social media?

The question that I have been asked more times than any other this week has been “should I give up using Facebook?” Well, billionaire Elon Musk has done so, removing Tesla and his other brands from Facebook. The founder of WhatsApp (bought from him by Facebook four years ago) Tweeted …

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Facebook business dislike key

What now for the business use of Facebook?

Facebook is under fire from all directions. Business investors are losing confidence. Governments are threatening legislation. Users are engaging less. We could be witnessing the beginning of the end of Facebook. Or we could be watching the emergence of a new style social network. Either way, there are huge implications.