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NEUROMARKETING
NEURO + MARKETING
Advertising is becoming more scientifically advanced
NISHTHA JAIN | 1067
WHO DECIDES
WHAT WE
BUY?
WHY NEUROMARKETING EMERGED
THE SCIENCE BEHIND THE SCIENCE
T
H
E
S
C
I
E
N
C
E
B
E
H
I
N
D
T
H
E
S
C
I
E
N
C
E
NISHTHA JAIN | 1067
AT A
GLANCE
Key takeaways:
There's a need to study and
forecast the effectiveness of
advertising campaigns
Even the most direct primary
research channels have their
unavoidable limitations
The physiology behind how the
brain works can help create
effective adertising campaigns
NISHTHA JAIN | 1067
HOW CAN
SCIENCE
PREDICT
WHAT WE'LL
BUY?
We have the freedom to buy what
you want. Or do we?
In 2008, a team of scientists in Germany published a
study showing how the brain unconsciously prepares our
decisions: that several seconds before we consciously
decide what we’re going to do, its outcome can be
predicted by looking at unconscious activity in our grey
matter.
OUTDATED BELIEF
Consumers make conscious, logical decisions.
Consumers compare multiple competing brands
and price points when evaluating a purchasing
decision. - As reported by consumers in a research
conduct at Harvard.
WHAT WE'RE INCHING TOWARDS
People are fairly good at expressing what they want,
what they like, or even how much they will pay for an item
but they aren’t very good at accessing where that value
comes from, or how and when it is influenced
by factors like store displays or brands.
Tracking technology
to gain insights
A product gets 20
seconds to persuade
Access where that
value comes from
THE
EXPERIMENT
SUPERMARKET EXPERIMENT TO GAUGE CUSTOMER PREFERENCES
SOUND & COLOUR
2X MORE
People bought
high pitched music - white shelf
low frequency music - black shelf
Always Rational
55.6%
Mostly Rational
29.6%
Sometimes Rational
11.1%
Never Rational
3.7%
CONSUMER
SURVEY
USD 2 MN
Neuromarketing solutions will exceed
by 2024
NISHTHA JAIN | 1067
TECHNIQUES
Eye-trackers identify and register
gaze patterns to explain the visual
path as a response to a specific
stimulus and therefore obtain
information on visual attention.
EYE TRACKING
Measures and registers the
voluntary and involuntary
movements of facial muscles. It is
that it is an inexpensive and
portable technology, given that it
can be implemented with a
webcam.
FACIAL CODING
Magnetoencephalography
analyzes and registers magnetic
activity in the brain with a helmet
that contains 100-300 sensors. This
detects changes in magnetic
fields that have been induced by
the electrical activity of the brain.
MEG
In this method, participants lie in
a bed and with their heads
surrounded by a scanner that
tracks the variations in blood
oxygenation in the brain, which
are correlated to neuronal activity.
FRMI
With this technique, the brain’s
electrical activity is analyzed and
registered by a headband that has
small sensors, which are placed on
the scalp. This method detects
changes in the electrical currents
of brain waves.
EEG
Measures changes in skin
perspiration, which can occur due
to an increase in the activity of
endocrine glands after exposure
to a marketing stimulus that was
physiologically exciting
GSR
Most neuroscientists would agree that well
over 90% of our behavior is generated
outside of consciousness. We are more
slaves to our biology than we realize.
"Our rational minds represent a very small
layer floating atop a vast well of unconscious
drivers. Business leaders who understand
biological programming and can leverage it
possess an enormous advantage," explains
neuroscience expert Janet Crawford.
It serves a variety of purposes, making presentations
powerful tools for convincing and teaching.
HIGH OPERATING COSTS
It serves a variety of purposes, making presentations
powerful tools for convincing and teaching.
SPECIALISED MACHINERY
It serves a variety of purposes, making presentations
powerful tools for convincing and teaching.
QUALIFIED RESEARCHERS
CHALLENGES
ETHICAL
LIMITATION
OVERCONSUMPTION OF ALCOHOL,
CGARETTES, GAMBLING, ETC
The best marketing
doesn't feel like marketing.
CONCLUSUION
Taking all factors into account
demonstrates that the need for
innovative advertising research using
the latest findings on the brain is both
powerful and timely.
NISHTHA JAIN | 1067

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Neuromarketing

  • 1. NEUROMARKETING NEURO + MARKETING Advertising is becoming more scientifically advanced NISHTHA JAIN | 1067
  • 2. WHO DECIDES WHAT WE BUY? WHY NEUROMARKETING EMERGED THE SCIENCE BEHIND THE SCIENCE T H E S C I E N C E B E H I N D T H E S C I E N C E NISHTHA JAIN | 1067
  • 3. AT A GLANCE Key takeaways: There's a need to study and forecast the effectiveness of advertising campaigns Even the most direct primary research channels have their unavoidable limitations The physiology behind how the brain works can help create effective adertising campaigns NISHTHA JAIN | 1067
  • 4. HOW CAN SCIENCE PREDICT WHAT WE'LL BUY? We have the freedom to buy what you want. Or do we? In 2008, a team of scientists in Germany published a study showing how the brain unconsciously prepares our decisions: that several seconds before we consciously decide what we’re going to do, its outcome can be predicted by looking at unconscious activity in our grey matter.
  • 5. OUTDATED BELIEF Consumers make conscious, logical decisions. Consumers compare multiple competing brands and price points when evaluating a purchasing decision. - As reported by consumers in a research conduct at Harvard. WHAT WE'RE INCHING TOWARDS People are fairly good at expressing what they want, what they like, or even how much they will pay for an item but they aren’t very good at accessing where that value comes from, or how and when it is influenced by factors like store displays or brands.
  • 6. Tracking technology to gain insights A product gets 20 seconds to persuade Access where that value comes from THE EXPERIMENT SUPERMARKET EXPERIMENT TO GAUGE CUSTOMER PREFERENCES
  • 7. SOUND & COLOUR 2X MORE People bought high pitched music - white shelf low frequency music - black shelf
  • 8. Always Rational 55.6% Mostly Rational 29.6% Sometimes Rational 11.1% Never Rational 3.7% CONSUMER SURVEY
  • 9. USD 2 MN Neuromarketing solutions will exceed by 2024 NISHTHA JAIN | 1067
  • 11. Eye-trackers identify and register gaze patterns to explain the visual path as a response to a specific stimulus and therefore obtain information on visual attention. EYE TRACKING Measures and registers the voluntary and involuntary movements of facial muscles. It is that it is an inexpensive and portable technology, given that it can be implemented with a webcam. FACIAL CODING Magnetoencephalography analyzes and registers magnetic activity in the brain with a helmet that contains 100-300 sensors. This detects changes in magnetic fields that have been induced by the electrical activity of the brain. MEG In this method, participants lie in a bed and with their heads surrounded by a scanner that tracks the variations in blood oxygenation in the brain, which are correlated to neuronal activity. FRMI With this technique, the brain’s electrical activity is analyzed and registered by a headband that has small sensors, which are placed on the scalp. This method detects changes in the electrical currents of brain waves. EEG Measures changes in skin perspiration, which can occur due to an increase in the activity of endocrine glands after exposure to a marketing stimulus that was physiologically exciting GSR
  • 12.
  • 13.
  • 14. Most neuroscientists would agree that well over 90% of our behavior is generated outside of consciousness. We are more slaves to our biology than we realize. "Our rational minds represent a very small layer floating atop a vast well of unconscious drivers. Business leaders who understand biological programming and can leverage it possess an enormous advantage," explains neuroscience expert Janet Crawford.
  • 15. It serves a variety of purposes, making presentations powerful tools for convincing and teaching. HIGH OPERATING COSTS It serves a variety of purposes, making presentations powerful tools for convincing and teaching. SPECIALISED MACHINERY It serves a variety of purposes, making presentations powerful tools for convincing and teaching. QUALIFIED RESEARCHERS CHALLENGES
  • 17. The best marketing doesn't feel like marketing.
  • 18. CONCLUSUION Taking all factors into account demonstrates that the need for innovative advertising research using the latest findings on the brain is both powerful and timely. NISHTHA JAIN | 1067