Fear Less Business Podcast

64: Unlock the Mystery: Behavioral Economics with Melina Palmer

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Sinopsis

What prompts a customer to buy? It's the magic question of marketing. While we humans are not logical, we are very predictable. -Melina Palmer Behavioral economics, simply put, is the psychology behind why people buy: understanding how the brain works and how that impacts purchasing decisions. It's understanding that the brain is bombarded with information, all day, every day. It's knowing that the brain has preferences, irrational as they may be, and by truly understanding your customers and giving them a gentle nudge in the direction of those preferences can make a huge difference for your business. This week on the Businessese Influencer Marketing Podcast, we're super excited to talk to Melina Palmer about leveraging behaviorial economics to improve conversions! Melina is the host of the Brainy Business Podcast, where she uses behavioral economics to unlock the mystery behind those small changes that make an impact— resulting in messaging, branding, advertisements, pricing and products that are more "br