The yes factor
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Transcript of The yes factor
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www.earnest-agency.com
In B2B marketing,
we’re in the business of
PERSUASION
Image: Unsplash.com <Alejandro Escamilla>
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Everyday we persuade people we often don’t know to:
Open our emails Visit our websitesDownload our white
papers
Watch our videos Follow us on Twitter
And even once in a while, buy something from us.
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It’s all about persuading
people to say
‘YES’
Image: Flickr <Creative Commons>
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“The buyers pipeline requires a series of micro-yesses
before getting to that macro yes.”
YES
[Brandon Stamschrar, MECLABS]
The thing is:
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So what
makes people
say ‘YES’
?
Image: Earnest
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“Each micro yes is about
perceived value v perceived cost.”
[Brandon Stamschrar, MECLABS]
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But when making micro-yesses buyers
don’t:
Evaluate all the options
Investigate each option fully
Apply everything they know
Assign a value and cost to each option
Image: Unsplash <Dietmar Becker>
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Because…
> They haven’t got the time
> They’re subject to biases
> They’re stifled by choice
> They’re inherently lazy thinkers
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And the big
one:THEY
HATE
RISK
Image: Flickr <Creative Commons>
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“When making any choice our first instinct is not to choose the ‘best answer’
but the answer which minimises the harm we personally can suffer in the worst case
outcome.”
Aka. to MINIMAX
[John Von Neumann via Rory Sutherland]
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Others call this
“SATISFICING”
(To Satisfy + Suffice)
CHANCE Where buyers opt for the low risk, easy solution
rather than searching for the best possible
solution.
No thanks
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And they’re not even aware
of it.Because 85% of decisions are
made by the unconscious part of
the brain.
[Martin Lindstrom, Buyology]
Image: Flickr <Creative Commons>
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It means the micro-yesses even
for the biggest decisions
are less
RATIONAL
than we think
Image: Unsplash.com <Maria Carrasco>
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So the big question is
what makes business buyers more likely to say
Yes
Yes
Yes
?
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Essentially, we need to be aware of how people
think
because it influences how they make decisions.
Image: Shutterstock
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There are two ways:
&
FAST
SLOW
[Thanks
Daniel Kahneman]
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FASTAka. System 1 or Autopilot
• Operates automatically
• Assesses what’s going on in our environment
• Determines whether we should direct more
attention to a task
Image: Unsplash.com <Anna Dziubinska>
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It helps us make
SNAP JUDGEMENTS
Serving as
OUR FILTER OF THE WORLD
P.S
It also determines whether buyers pay
attention to your communications
or not *
* Unfortunately typically not
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Because without it, things like this would kill
us.
Image: Unsplash.com <Thomas Lefebvre>
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And then there’s the
other way of
thinking…
Aka. System 2 or Pilot
SLOW
Image: Unsplash.com <Todd Quackenbush>
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THE
THINGS
SYSTEM
ONE
FINDS
HARD
TO
PROCESS
[OUCH]
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It means System 2 requires:
ATTENTION
EFFORT
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But remember we’re
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LAZY THINKERS
(you, me & even your buyers)
so we try to make our lives
easier by substituting
difficult questions with
simpler ones
Image: Shutterstock
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So when it comes to asking
the question:
Which of these service providers
will do the best job?
Buyers can end up
asking:
Which of these sales people do I
like the best?
BIAS A
LERT
Which of these brands will my
boss have heard of?
Isn’t it easier to go with the guys
we’ve always used?
Image: Flickr <Creative Commons>
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SYSTEM 2
As B2B marketers we tend to design
for System 2, but it’s POINTLESS
if we never break through System 1.
Score:000
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Especially when in most cases, people make decisions like this…
Input DecisionSystem 1
Autopilot
System 2
Pilot
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The fact is even if you sell something
that’s BIG,
COMPLEX and CONSIDERED
you’ve got to break through their System
1.
Image: Unsplash.com <Martin Wessely>
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Because if they don’t:
Open your emails
Download your content
Attend your events
Take your calls
The
Micro-
Yesses
You’re being filtered out
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How long have you got?
Ad in popular magazines – 1.7 secs
Ad in trade journals – 3.2 secs
Poster – 1.5 secs
Mailing – 2 secs
Banner ad – 1 sec
You need to make first impressions
count
[Via Phil Barden, Decoded]
Image: Unsplash.com <Sonja Langford>
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So how do you make the cut?
EASY does it
Image: Unsplash.com <Loudge>
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Make it easy for buyers
Yes
Yes
Yes
so you secure that micro-yes
EVERY TIME
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Because if you make it easy
they’re more likely to Like
what they see and
BELIEVE
what you have to say
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DO
NOTHING
[Some call this Status Quo bias –
the fact is most people just hate
change]
As the easiest thing in the world for them is to:
www.earnest-agency.comImage: Unsplash.com <Caleb Thal>
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COMPLEX
= COGNITIVE STRAIN
= HARDER TO UNDERSTAND
= PAINFUL
HIGHER PERCEIVED =RISK
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What does EASY look like?
EASE
Feels familiar
Feels true
Feels effortless
Feels good
Repeated experience
Clear display
Primed idea
Good mood
[Causes and Consequences of Cognitive Ease: Thinking, Fast and Slow]
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And this is where
BRANDING pays dividends
Image: Unsplash.com <Mario Calvo>
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It’s all about
building…
FAMILIARITY and
FAVOURABILITY
[See it’s not going to kill you this time]
Image: Unsplash.com <Thomas Lefebvre>
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And it’s why we prefer brands
we KNOW
rather than
brands we’ve
NEVER heard of before
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EASIER TO PROCESS
Because the things
we are
MORE FAMILIAR
with are
“The experience of familiarity has a simple but powerful
quality of ‘pastness’ that seems to indicate that it is a direct
reflection of prior experience.”[Larry Jacoby]
Image: Unsplash.com <Griffin Keller>
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And simply being EXPOSED to one BRAND
more than another can have the desired effect.
BRAND
BRAND
BRAND
BRAND
BRAND
BRAND
BRAND
BRAND
BRAND
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Research shows that people tend to develop a
PREFERENCE
for things simply because they are more
familiar with them.*
* The Mere Exposure Effect [Robert Zajonc]
Research shows that people tend to develop a
PREFERENCE
for things simply because they are more
familiar with them.*
* The Mere Exposure Effect [Robert Zajonc]
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Novel stimulus leads to a
fear and avoidance response.
But with
REPEATED EXPOSURE,
the stimulus causes less fear.
We even react fondly to it.
[Often without knowing it.]
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It may explain why you can have the
best proposition in the world.
Yet know one knows you.
So they choose to go with one of
your better known rivals.
[Even the one with the half baked offer.]
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The thing is in B2B, brands are just about
equal in INFLUENCE and only just behind
price and product.
Strong brands outperform weak brands by
20%.[McKinsey]
Image: Unsplash<Wojtek Witkowski>
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This is where your content marketing,
search and social media strategy could
pay dividends.
CAN’T AFFORD A
BIG BRAND
CAMPAIGN? Making you visible. Useful. Relevant.
YES YES YES
Increasing your exposure.
Reducing cognitive strain.
Image: Flickr <Creative Commons>
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What other ways can you make it EASY for buyers?
Make your message
simple for buyers to
understand
If you want to be seen as
credible and intelligent, don’t
use complex language when
simpler language will do.
[Want scientific proof?
Check out ‘Consequences of Erudite Vernacular Utilized Irrespective of
Necessity:Problems with Using Long Words Needlessly’ by Danny
Oppenheimer]
JARGON
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Don’t overload your
buyers with too many
options.
Too much choice is the same
as no choice at all.[Barry Schwarz]
Aka.
Paradox of Choice
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Be relevant.
Information that stands out - and is
novel and salient - is more likely to affect
the way a buyer thinks and acts.[P Dolan, Mindspace]
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Ensure a seamless journey for buyers,
every step of the way.
X
X
X
Let people accomplish tasks as
easily and directly as possible.[Don’t make me think: Steve Krug]
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And get to the
of what’s really motivating people to buy from you
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Because they’re sure as hell not buying your products or services for the
sake of it.
They’re a means to an end.
“To understand people one needs to
understand what leads them to act as
they do, and to understand what leads
them to act as they do one needs to
know their goals.”
[Motives and Cultural Models, edited by Roy G. D'Andrade, Claudia
Strauss]
Image: Unsplash.com <Daniel Ruswick>
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And that end is ultimately about
convincing them you can satisfy their
goals more effectively than your
rivals.
.
EXPLICIT
IMPLICIT
&
Image: Unsplash.com <Sunset Girl>
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Think of them like this…
EXPLICIT
goals
IMPLICIT goals
CATEGORY SPECIFIC
DRIVEN BY ORGANISATION
NEED TO DEMONSTRATE YOU CAN SATISFY THESE
GOALS IN ORDER TO COMPETE
BUYER
SPECIFIC
DRIVEN BY INDIVIDUAL
USE TO DEMONSTRATE YOUR OFFER AND
BOOST YOUR APPEAL
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As B2B Marketers we tend to focus on the explicit goals.
But there’s only so far
promising to:
Transform their business
Deliver greater efficiency
Lower cost
Improve productivity
Increase revenue
Demonstrate ROI
& all that jazz will take you
* Delete as appropriate
*
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Especially when every other chancer
in your market is professing to do
MUCH THE SAME
Albeit it a slightly different way.
Image: Unsplash.com <Brownie>
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That’s where being able to satisfy not only their
explicit but also their implicit goals can pay
dividends.
The stuff that motivates people PERSONALLY
(whether they know it or not)
Image: Unsplash.com <Timothy Muza>
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So what do these implicit goals look like?
Research shows there
are two basic
motivational drivers
PROMOTION
Emphasis =
> Gaining
> Benefiting
> Progressing in some wayPREVENTION
Emphasis =
> Avoiding loss
> Protecting status quo
> Living up to expectation
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It provides their
FRAME OF REFERENCE
and determines whether its
best to position what you have to
offer as avoiding loss or gain.
is starting from.
What’s their anchor point?
Think about where your audience
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How can this inform the way you THINK about
your audience…
Image: Unsplash.com <Craig Garner>
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…Adding another dimension to your personas that can help inform and shape your
messaging,
campaign & content strategies?
Image: Unsplash.com <Ilham Rahmansyah>
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Progress
Recognition
Stimulation
Avoidance
Control
Obligation
PR
OM
OT
ION
PR
EV
EN
TIO
N
I need to do this to get ahead
I need to do this to look good
I need to do this to learn / because it looks
interesting
I need to do this to avoid losing out / losing
something
I need to do this to stay in control
I need to do this because it’s expected of me
Gain an advantage over others; Innovate;
Lead the field
Receive acclaim; Advance career; Win
awards/accolades
Personal discovery; Learning experience; Challenge
myself; Helping others
Be secure; Prevent losses; Avoid threats
Stay on top; Maintain status quo; Be
empowered
Need to comply; Fulfil promises; Be true to my
word
Go-getter
Status seeker
Adventurer
Worrier
Controller
Box-ticker
Implicit goals Primary driver Motivations Persona
Earnest Goal Matrix: It’s yours to use and abuse
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Psst.Different decision-makers and influencers (even within the same organisation)
will have different motivations and biases.
Work to identify which personas they fit – and tailor your story to hit
the right implicit & explicit goals.
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So when all your competitors gather
here…
EXPLICIT
goals
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So when all your competitors gather
here…
EXPLICIT
goals
IMPLICIT
goals
You win by differentiating
here…
Yes. Yes. Yes.
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NO
T CO
NVIN
CED?
“More C-Suite execs are increasingly making decisions about technology
purchases they know nothing about.
As a result, many decision makers choose suppliers based on personal
value.”[O&M, Admap]
Image: Unsplash.com <Liam Andrew>
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STILL NOT CONVINCED?
“Buyers who see personal value are not only much more likely to
purchase that brand, they are even more likely to pay a higher price.”[CEB Marketing Leadership Council / Google 2013]
Image: Unsplash.com <Vladimir Kramer>
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Finally, never lose sight of the
influence of others.
People (your buyers) learn by
copying others.
Image: Unsplash.com <Jonas Nilsson Lee>
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And it’s still true when people buy things
today. They copy the behaviour of others,
as it reduces perceived risk.
When we were in fear of predators, it allowed us to
determine what was safe
(and what wasn’t).
THE ME-TOO EFFECT
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the more likely you are to get even MORE.
It’s why the more:
> Case studies
> Client reference sites
> Testimonials
> Positive Reviews
> Followers
> Likes
> Shares
…you have,
YES
YES
YES
YES
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[And lots of YESSES can go an awfully long way.]
So business people are not
quite as rational as you think,
even for the biggest business
decisions.
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“The next revolution will be
psychological – not technological.”[Rory Sutherland]
Image: Unsplash.com <Jake Givens>
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ARE YOU READY
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@earnestagency
Sign up to the next installment:
Email:
with the subject line: Yes
Cover image: Unsplash.com <Sebastian Muller>
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