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NEUROMARKETING
The brain’s “buy button”.
Inside the mind of
the consumer;
What’s going on
in there?
THE future
of advertising?
Points of interest.
Basic
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
• Why some brands have a devoted cult-
like following while others have zero
loyalty?
• Why and how prospects buy the
products or services they do, even if
their choices seem irrational or
impractical?
• Why even the highest priced or lowest
quality products sometimes outsell
their competitors?
Did you ever wonder?
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
• Why some brands have a devoted cult-
like following while others have zero
loyalty?
• Why and how prospects buy the
products or services they do, even if
their choices seem irrational or
impractical?
• Why even the highest priced or lowest
quality products sometimes outsell
their competitors?
Did you ever wonder?
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
What is?
“Neuromarketing is a field of study using
neuroscience technology, such as
functional magnetic resonance imaging
(fMRI), to see how people's
brains respond to advertising
and other brand-related messages”.
Practice
How neuromarketing works.
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
How neuromarketing works?
Focus Group
Laddering
Survey
Choice modeling
Observation
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
How neuromarketing works?
fMRI Facial coding
Voice Analysis
Eye tracking
Response
Latency Zmet
Round up
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
• Why some brands have a devoted cult-
like following while others have zero
loyalty?
• Why and how prospects buy the
products or services they do, even if
their choices seem irrational or
impractical?
• Why even the highest priced or lowest
quality products sometimes outsell
their competitors?
Coke vs. Pepsi
Coke vs. Pepsi
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
In a study from the group of Read Montague published in 2004;
67 people had their brains scanned while being given the “Pepsi Challenge”, a blind taste test of Coca
Cola and Pepsi;
50% choose Pepsi and Pepsi tended to produce a stronger response than Coke in the brain's prefrontal
cortex (region thought to process feelings of reward);
When the subjects were told they were drinking Coke, ¾ said that Coke tasted better; their brain activity
had also changed.
The “lateral prefrontal cortex”, an area of the brain that scientists say governs high-level cognitive
powers, and the hippocampus, an area related to memory, were now being used, indicating that the
consumers were thinking about Coke and relating it to memories and other impressions.
Results showed that Pepsi should have half the market share, but in reality consumers are buying Coke
for reasons related less to their taste preferences and more to their experience with the Coke brand.
Daimler Chrysler
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
A DaimlerChrysler study in Ulm showed
pictures of 66 different cars:
22 sports cars, 22 sedans and 22 small cars to
12 men, with an average age of 31, as they lay
in a scanner.
Far more than the other models, sports cars
excited areas of the brain associated with
reward and reinforcement.
Among the sports cars that generated the
strongest brain responses: the Ferrari 360
Modena, the BMW Z8 and the upcoming
Mercedes SLR.
Supporters and opponents
Supporters say:
- ads will be more effective by helping
consumers either buy or become
more loyal to a brand
- It identifies audience interest and
enables advertisers to be more
specific in providing products that
consumers want
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
Opponents say:
- form of “brainwashing”
- increased incidence of marketing-
related diseases
- more effective political propaganda
- more effective promotion of
degraded values
It still is in one's infancy
The more senses you trigger and
associate with products/services,
the more people will appeal to
customers' emotions and influence
their buying behavior
Enables advertisers to be more
specific in providing products that
consumers want
 Form of “brainwashing”
Conclusion
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
Discussion
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
Question 1
Evolution of advertising
or
unethical use of medical
technology?
Question 2
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
Do you think that neuromarketing
will ever be used
as a mainstream research method?
Question 3
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
As brain imaging spreads to
nonmedical uses, will
commerce overtake ethics?
Question 4
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
Are scanning technologies really
appropriate for nonmedical uses?
Question 5
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
Should advertisers probe human
minds as a means of boosting
product sales?
Question 6
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
In which measure do you think
that neuromarketing will be
bounded to political laws?
Question 7
Did you ever wonder?
What is?
Traditional methods
Psycho-physiological
Cases
Supporters & Opponents
Conclusion
Discussion
If we are stuck with our hands and
our feet, is the return of
neuromarketing worth the
investment?

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Business english-presentation-neuromarketing-december-2008-1225041504962997-8

  • 2. The brain’s “buy button”. Inside the mind of the consumer; What’s going on in there? THE future of advertising?
  • 5. Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion • Why some brands have a devoted cult- like following while others have zero loyalty? • Why and how prospects buy the products or services they do, even if their choices seem irrational or impractical? • Why even the highest priced or lowest quality products sometimes outsell their competitors? Did you ever wonder?
  • 6. Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion • Why some brands have a devoted cult- like following while others have zero loyalty? • Why and how prospects buy the products or services they do, even if their choices seem irrational or impractical? • Why even the highest priced or lowest quality products sometimes outsell their competitors? Did you ever wonder?
  • 7. Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion What is? “Neuromarketing is a field of study using neuroscience technology, such as functional magnetic resonance imaging (fMRI), to see how people's brains respond to advertising and other brand-related messages”.
  • 10. Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion How neuromarketing works? Focus Group Laddering Survey Choice modeling Observation
  • 11. Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion How neuromarketing works? fMRI Facial coding Voice Analysis Eye tracking Response Latency Zmet
  • 13. Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion • Why some brands have a devoted cult- like following while others have zero loyalty? • Why and how prospects buy the products or services they do, even if their choices seem irrational or impractical? • Why even the highest priced or lowest quality products sometimes outsell their competitors? Coke vs. Pepsi
  • 14. Coke vs. Pepsi Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion In a study from the group of Read Montague published in 2004; 67 people had their brains scanned while being given the “Pepsi Challenge”, a blind taste test of Coca Cola and Pepsi; 50% choose Pepsi and Pepsi tended to produce a stronger response than Coke in the brain's prefrontal cortex (region thought to process feelings of reward); When the subjects were told they were drinking Coke, ¾ said that Coke tasted better; their brain activity had also changed. The “lateral prefrontal cortex”, an area of the brain that scientists say governs high-level cognitive powers, and the hippocampus, an area related to memory, were now being used, indicating that the consumers were thinking about Coke and relating it to memories and other impressions. Results showed that Pepsi should have half the market share, but in reality consumers are buying Coke for reasons related less to their taste preferences and more to their experience with the Coke brand.
  • 15. Daimler Chrysler Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion A DaimlerChrysler study in Ulm showed pictures of 66 different cars: 22 sports cars, 22 sedans and 22 small cars to 12 men, with an average age of 31, as they lay in a scanner. Far more than the other models, sports cars excited areas of the brain associated with reward and reinforcement. Among the sports cars that generated the strongest brain responses: the Ferrari 360 Modena, the BMW Z8 and the upcoming Mercedes SLR.
  • 16. Supporters and opponents Supporters say: - ads will be more effective by helping consumers either buy or become more loyal to a brand - It identifies audience interest and enables advertisers to be more specific in providing products that consumers want Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion Opponents say: - form of “brainwashing” - increased incidence of marketing- related diseases - more effective political propaganda - more effective promotion of degraded values
  • 17. It still is in one's infancy The more senses you trigger and associate with products/services, the more people will appeal to customers' emotions and influence their buying behavior Enables advertisers to be more specific in providing products that consumers want  Form of “brainwashing” Conclusion Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion
  • 19. Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion Question 1 Evolution of advertising or unethical use of medical technology?
  • 20. Question 2 Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion Do you think that neuromarketing will ever be used as a mainstream research method?
  • 21. Question 3 Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion As brain imaging spreads to nonmedical uses, will commerce overtake ethics?
  • 22. Question 4 Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion Are scanning technologies really appropriate for nonmedical uses?
  • 23. Question 5 Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion Should advertisers probe human minds as a means of boosting product sales?
  • 24. Question 6 Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion In which measure do you think that neuromarketing will be bounded to political laws?
  • 25. Question 7 Did you ever wonder? What is? Traditional methods Psycho-physiological Cases Supporters & Opponents Conclusion Discussion If we are stuck with our hands and our feet, is the return of neuromarketing worth the investment?