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Why Buyers Shop the Way They Do, & How to Nudge Them | Rishi Rawat | Frictionless Commerce

Honest Ecommerce · with Rishi Rawat · June 10, 2019 · 42 min

Summary

This episode uncovers how understanding buyer psychology is crucial for ecommerce success. By delving into the decision-making process, businesses can identify and remove friction points, optimize their sales funnels, and create a more personalized customer experience. Learn how to strategically nudge customers towards purchase without aggressive tactics, leading to increased sales and improved customer retention.

Key takeaways

Themes

conversion & crocustomer retentionbrand & content

Topics covered

buyer psychologyfrictionless commerceconsumer decision-making processsales funnel optimizationcustomer experience enhancementpersonalization in ecommercebehavioral economicscognitive biasesa/b testing

Episode description

Ramit Rawat from Frictionless Commerce noticed at a young age how complex the decision-making process was for shoppers, and became fascinated by understanding what goes into the sales process. Understanding buyer’s psychology is important for anyone who sells a product or service, and today Ramit tells us why, and how we can take advantage of the process to sell more and help our customers. To learn more, visit: http://honestecommerce.co Resources: Learn more at frictionless-commerce.com YouTube: youtube.com/channel/UC8scU3gi4UKCCEohGWnDUCA LinkedIn: linkedin.com/in/rawatrishi/ Start a Simplr free trial: simplr.ai/honest Are you a maker, crafter, or small manufacturer on Shopify? Get easier production scheduling & inventory management with Katana. You can try it free for 14 days. By using the promo code “HONEST” you'll get 30% off your first 3 months of paid subscription! Sign up at Katana’s website here: katanamrp.com.

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Frequently asked about this episode

What does this episode say about conversion & cro?
Map out your customer journey to identify and eliminate friction points at each stage, from awareness to post-purchase evaluation, to create a seamless buying experience.
What does this episode say about customer retention?
Implement "nudges" by leveraging principles like social proof and scarcity ethically to guide customers towards purchasing decisions without resorting to high-pressure sales tactics.
What does this episode say about brand & content?
Utilize A/B testing on different elements of your website and marketing campaigns to understand not just what works, but why it works, informing data-driven adjustments to your conversion strategy.
What does this episode say about conversion & cro?
Focus on building trust and credibility through transparent communication and excellent customer service, as these are critical psychological factors influencing purchase decisions.
What does this episode say about conversion & cro?
Personalize the customer experience based on individual buyer behavior and preferences to increase engagement and conversion rates.

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