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- Issue 147: Consumer Psychology: The Cheat Code đ§Š
Issue 147: Consumer Psychology: The Cheat Code đ§Š
+ Why photography matters SO MUCH.
Somehow, weâre still here, sifting through the ecom equivalents of Joker: Folie Ă Deux to find the DTC equivalents of Deadpool & Wolverine.
| TWEET OF THE WEEK
"Industry specific recession"
Thats what tech has been talking about since 2022.
Layoffs, no capital, shrinking ARRs.Its the same thing in ecom, and this data set proves it.
Ecom penetration peaked at 16.4%, then dropped to 14.2%.That is a 13% contraction, in 2 years.
If GDP⌠x.com/i/web/status/1âŚâ Sean Frank (@SeanEcom)
9:06 PM ⢠Sep 29, 2024
Absolutely everyone underestimates the value of great photographyâuntil they see how much it touches in a brand. Just think about it. Photos aren't just for your website or product pagesâtheyâre critical for:
Landing pages
Emails
SMS
Static ads
Video ads
Packaging
Mail inserts
Out-of-home (OOH) ads
Mailer ads
And thatâs just one photo! Now, picture what you could achieve with a collection of 30 high-quality shots. The impact on your branding, advertising, and overall business becomes exponential.
Yet, too many brands start with renders or iPhone snaps, saving the pro-level photography for later. We get itâstarting fast is crucialâbut donât rush something as pivotal as photography, which touches so many aspects of your business.
So, do you need to drop $100K on photos? Short answer: Nope. Long answer? Youâll have to check out the full article from Matt Gattozzi to find out. Trust usâitâs worth the read.
| YOUTUBE UNIVERSITY
How consumer psychology and data will skyrocket your conversion rate
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| QUICK SHOTS
@flexiblefoodie thought of the day: more brands need social and influencer experts as advisors
@mrsharma Did you know SEPHORA requires their influencers to speak with them candidly about the industry, products, beauty trends, etc. on a routine basis?!
Jeremy Horowitz Loyalty programs are a waste of time + money. Brands need resale programs, not loyalty programsâŚCustomers know you run multiple promos throughout the year. 99.5% of brands donât sell anything consumable enough to change real habits. You donât want to discount your products on new releases. You want to move as much product at full margin to your most loyal customers. The main challenge:
@heyitsalexP Boomers, genX, millennials, and zoomers all gravitate towards different content styles.
@RosenZone This brand evolution will never cease to amaze me đ
Kyle Hency If you're a brand looking to find incremental profit $ in your business (that should be all of you), take an accounting of your Opportunities as outlined by Taylor Holiday & cross-reference with your Internal Efforts to optimize those numbers.
| HERE FOR THE MEMES
are you an ecom entrepreneur or a points junkie with a hobby?
â Sean Frank (@SeanEcom)
5:31 PM ⢠Sep 30, 2024
| AND IN OTHER NEWSâŚ
| GET LINKED
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| STAT ATTACK đ
| THE OUTRO
Seriously tho, evidently Joker 2 is one big stinkeroo. Anyone see it? Anyone care to? Of course you did! Whyâd they do us dirty like that! 5 years of waiting, down the Gotham City tubes.
Boooooooo! đ¤Ą