Basically it is a strategy that businesses use to increase the perceived value of products or services by reducing their supply, or by creating a sense of urgency around offers.
“Running Out Fast: How Scarcity Sells in the Psychology of Business”
The Scarcity Effect is a psychological principle where people place higher value on items that are rare or limited. Businesses use this to create urgency and boost sales. Limited-t
See More
0 replies2 likes
Aditi
Hey I am on Medial • 28d
“The IKEA Effect: Why We Value What We Build”
The IKEA Effect is a psychological phenomenon where people place higher value on products they partially create themselves. The name comes from IKEA, where customers assemble furniture — and end up lovin
Instagram has changed blue dots to red dots to indicate unread messages and it's bugging me now. It gives me a sense of urgency or alarm. I guess that was the purpose, wasn't it? 🤡
6 replies10 likes
Aditi
Hey I am on Medial • 21d
“Less Is More: How the Paradox of Choice Drives Smarter Business Decisions”
The Paradox of Choice is a psychological principle where offering too many options can overwhelm customers, leading to decision paralysis or dissatisfaction. While variety s
Strategy For Startup Growth —} ( 4 )
Market Penetration Strategy
Market Penetration Strategy is the one of the most successful strategy for increasing market share . This strategy was used by many brands when their market share Stop increasing
In the previous post , I've shared how
"URGENCY " skyrocket 🚀🚀 your business.
So , in this post, I'll share how to apply this urgency in the right ways as ,
🚨 If you apply in wrong or desperate way ,then it can backfire you and your trust will
See More
0 replies3 likes
Rushikesh vetal
Building another goo... • 3m
Industrial Supply: 15-Minute B2B Commerce
Industrial manufacturers face slow, outdated supply chains that cause production delays, high costs, and inefficiencies. Essential materials like fasteners, carbide inserts, tools, lubricants, and welding ro
Hai fam....I have some questions
1.what is the meaning of "common sense" in your opinion?
2.Do you see people with "common sense" more or less in your peer groups?
3. Are people with "common sense" decreasing or increasing day by day with coming gen
See More
8 replies2 likes
Arjun Anil
Hey I am on Medial • 1y
Hi
I am building an app for local business to market there offer , increase there sales using in app marketing and customer retention using members ship and points.
One stop solution for shops to increase profit and for consumer to find right offers
See More
22 replies7 likes
Udyamee
Baki sab thik ? • 1y
The best marketing strategy I have noticed on YT.
On YouTube, you might have seen video editing assignment videos from various buyers of courses offered by many YouTubers, such as Avey TV and Tarun Speaks.
This is known as user generated content (U