MAL36:20 MAL36 | Page 38

EMOTIONS AND MARKETING Appeal To Emotions Not Logic By CPA Nicholas Gachara Its no doubt a very difficult and unprecedented period that we are all facing not only in Kenya but globally. Following this pandemic, the global economy is expected to enter into a recession according to the International Monetary Fund (IMF). They forecast there will be a sharp contraction of 3% this year. Domestically, the Central Bank of Kenya painted a gloomy picture by downgrading its forecast for Kenya economic growth to 3.4% down from 6.2%. This could be worse as the year progresses. Despite this environment, businesses should and must continue. Tonny Ichangai, a marketing trainer and consultant, always challenges his clients by asking: ‘Who has got my money?’. To him, the right prospects need to be identified and converted in any economic situation. You must therefore keep engaging your prospects on a regular basis to offer them your products or services consistently. Any marketing and sales involves connection with another human being. At the heart of this connection are the basic human emotions. It’s always said that we make our decisions based on emotions and justify with logical thinking. The logical thinking part always comes much later. It’s why impulsive shopping is rampant. To improve the conversion factor from prospect to a successful sale, marketers must incorporate at least one of these basic human emotions: Happiness: Everyone wants to have that pleasant emotional state of contentment, joy, gratification, satisfaction, and wellbeing. It is what we strive to have most in our lives. Some brands have really utilized this inert feeling in their marketing persona so much so that they have become synonymous with that feeling. When we think of global giants like Coca Cola, we immediately think of happy times with our loved ones or the feeling of celebration. We want to share with our family and friends their products because we want to make them feel happy and show them that we appreciate them. Products that have this emotional aspect tend to be classical and timeless and perform well in any economic climate. Sadness: Sadness is the evil twin of happiness in that it has the contrary effect of happiness. We want to avoid it all costs but inevitably we experience it. Sadness brings about pain which causes discomfort. We actively seek for any solution that can take away the sadness to bring delight. Pharmaceutical companies have really taken advantage of this emotion by attacking the pain points that brings about sorrow. Their solution brings relief to the pain that patients suffer and usually can exploit this to the detriment of the latter. Fear: This is our primal emotion of survival which we experience when we face imminent danger. We face the decision of either fight or flight. It’s very agonizing. Muscles become tense, the heart rate and respiration increase, and the mind becomes more alert. Insurance companies have taken this aspect of emotion to market their products and is very effective for them. Theirs is the solution of protecting you against a risk that you may experience such as loss of life, loss of income amongst others. This appeal gives comfort to their clients that if premiums are paid they should not panic when a risk occurs. Fear can also be invoked by scarcity. When a critical resource is about to become scarce, people will usually buy in bulk to keep reserves to protect themselves when shortage bites. Scarcity can be evoked effectively by limited time, limited units and special low price. Limited time aims at making the customers to act now lest they lack the product after the time has elapsed. Limited units is aimed at making the customers get the product in sufficient quantity. Special low price aims at making the customers take advantage of the low price before they have to pay more later when it’s more expensive. Anger: This is a very strong emotion of annoyance, displeasure or hostility. You should tread carefully if you want to use this emotion in your marketing as often it can backfire on your brand. Mostly used in a negative connotation to attack a rival brand and to lure their clients to be in your clientele. Political campaigns have used this successfully to remove an incumbent through dissuading their voters to crossing the bridge to theirs. They constantly raise issues which were promised to be solved but haven’t been addressed. Startup companies can evoke this emotion in the existing customers of established companies. The angle of attack is that the established companies have become too big and ignore many customer complaints or take them for granted. Conclusion: If you want to have successful marketing campaigns and sales, you must appeal to the emotions and not logic. Showcasing a products features is appealing to logic. Instead show how the features would make the customers feel. For instance, marketing a car by showing its dapper leather interior would not be as effective as demonstrating the prestige of driving that car. Emotional memory lasts longer than other memory and that’s why we remember how people make us feel longer than we remember their names. You would be able to charge a premium for the car by connecting emotionally with the client. CPA Nicholas Gachara is a Tax and Accounting Consultant. You can commune with him on this or related matters via email at: [email protected]. 72 MAL36/20 ISSUE