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Dark packaging can increase sales by up to 30% due to consumer perceptions of effectiveness, particularly in categories like hair care and skincare. However, if safety is a concern for customers, lighter packaging is preferred. The choice of packaging color can significantly influence buying decisions based on the product's perceived potency or safety.
Online brands focusing solely on heavy buyers are overlooking significant sales opportunities from light buyers, who contribute nearly 50% of online sales. A new study indicates that brands should broaden their targeting strategies, as relying on the traditional marketing funnel may not accurately reflect consumer behavior and sales dynamics.
The Endowed Progress Effect explains how consumers are more likely to complete a task or purchase when they perceive they have made some initial progress, even if that progress is artificially created. This psychological phenomenon is leveraged in marketing strategies to enhance consumer engagement and drive sales. Understanding this effect can help businesses design better incentives and promotional offers.