Marketing Science Lab

Decoding the science of digital persuasion.

Welcome to the Marketing Science Lab, where data meets strategy. Join us as we dissect the latest marketing research, uncovering the science behind consumer behavior and effective campaigns. We translate complex studies into actionable insights, empowering you to make informed decisions and achieve measurable results. www.marketingsciencelab.org

  1. Power Dynamics & Paychecks: Why Some Couples Splurge After Financial Wins

    02/16/2025

    Power Dynamics & Paychecks: Why Some Couples Splurge After Financial Wins

    Source: Nikolova, H., & Nenkov, G. Y. (2022). We Succeeded Together, Now What: Relationship Power and Sequential Decisions in Couples’ Joint Goal Pursuits. Journal of Marketing Research, 59(2), 271-289. https://doi.org/10.1177/00222437211034513 Ever wondered why, upon accomplishing a common objective, one partner might treat themselves to an extravagant timepiece, while the other diligently continues to utilize money-saving coupons? It’s not simply a question of diverging personalities; it's about the nuances of power dynamics within relationships! This week, we're examining research from the Journal of Marketing Research that illuminates how progress on shared objectives—such as saving for a home—influences individual spending choices in couples, and why grasping power is the key for marketers and couples equally. Core Findings: * Joint Goal Progress Paradox: Couples achieving notable strides toward common financial goals undergo a distinctive psychological transition. * Power Plays a Role: This transition varies; it's significantly shaped by the dynamics of power within the relationship—who holds more influence in decisions. * High-Power = High Indulgence (Maybe): When one partner has more power in the relationship, they are more apt to indulge themselves upon achieving a collective milestone, perceiving it as an individual triumph. * Low-Power = Staying the Course: A partner who perceives that they have less power tends to continue focusing on the joint goal, even if some significant milestone in the goal has been reached. * Relational Self-Concept Boost: This has everything to do with a bump in a partner's idea of themselves; feeling like a "great partner" makes it easy to spend money on personal indulgences without the guilt. * Interventions Work: interventions centered on what the partner has contributed can influence even high-power partners to persist in keeping with the goals of the couple. Actionable Takeaways: * Financial marketers may use insights gleaned from the study by customizing messages to the relationship dynamics of the intended audience. For shared products, emphasize how each partner contributes to and draws benefit from using it—especially for parts of the market where there may be some disparities in who holds the power. * Couples ought to know that post-goal spending tendencies may be impacted by a feeling of individual contribution that is inflated by the disparity in the balance of power. For marketers attempting to target couples, a critical piece to bear in mind is that communication and giving shared credit can mitigate those negative effects. * Valentine's Day Angle: Consider a case when the attainment of a post-Valentine's goal is achieved. In this situation, expect one partner (usually the individual with more power in making decisions) to move more easily than the other toward some self-treats. Understanding how making headway on joint goals connects with relational power offers vital insights for marketers and illuminates day-to-day interactions for couples. It's not only about what goals couples agree to achieve; it's also about how the power of one partner to influence influences both partners' actions following attainment. With knowledge, the correct approaches to conversation, and a commitment to acting as a unit rather than two individuals, couples can move past potential obstacles and toward the long-term economic benefits of staying on track and acting in sync.

    10 min
  2. Ghost Carts & Chill: Unlocking Millennial Shopping Cart Abandonment

    02/02/2025

    Ghost Carts & Chill: Unlocking Millennial Shopping Cart Abandonment

    Source: Sharma, K. and Srivastava, S. (2025), "Shopping cart abandonment among young consumers: a moderated mediation study", Young Consumers, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/YC-09-2024-2240 Online shopping is the new normal, right? But why do so many filled carts end up abandoned in the digital aisles? This episode, we crack open a fascinating study focused on Millennials and their cart-ditching habits. Spoiler: it’s less about price and more about vibes. Get ready for evidence-based insights, real-world examples, and maybe a little bit of retail therapy, Marketing Science Lab style. * Core Findings: * Risk Perception: The Silent Cart Killer: Millennials are savvy shoppers, but they're also risk-aware. Concerns about data security, dodgy websites, and hidden fees are MAJOR drivers of cart abandonment. The study confirms – perceived risk acts like a silent checkout saboteur. * Choice Process Satisfaction (CPS): Your Secret Weapon: Here’s the game-changer: A satisfying, seamless online shopping experience dramatically weakens the negative impact of perceived risk. When the browsing, selection, and checkout are smooth and even enjoyable, risk becomes a minor speed bump, not a deal-breaker. Think ‘retail flow state’. * Self-Efficacy? Surprisingly…Secondary: Tech skills matter, but they're not the full story. The study reveals that shopper confidence with tech (self-efficacy) doesn’t significantly change the risk-abandonment dynamic. It's the overall feel of the process that truly counts. * Moderated Mediation Magic (Explained Simply): Perceived risk mediates the path from intention to abandonment, BUT, Choice Process Satisfaction moderates this mediation. Translation: Risk drives abandonment, unless satisfaction steps in and weakens that risk’s power. Satisfaction is the moderator – like a volume control for risk's influence. * Actionable Takeaways (More Specific): * Fortify Trust Signals: Aggressively build trust. Implement highly visible security badges (Norton, McAfee etc.), offer crystal-clear privacy policies (linked prominently), secure payment gateways (think Stripe, PayPal). A/B test trust seals for optimal placement. * Hyper-Optimize the Choice Journey: Conduct a UX audit focused specifically on choice satisfaction. Is navigation intuitive? Are filters effective (and working)? Is product information comprehensive and easy to find? A/B test different filter layouts, product display formats, and checkout flows. Streamline everything. * Elevate the Entire Experience: Think beyond basic functionality. Inject delight into the process. Consider interactive product finders, engaging content, progress bars during checkout (gamification-lite). Focus on creating a positive emotional connection, not just a transaction. * Real-World Examples (Sharper & More Current): * Pop Culture: Think of dating apps again – swiping right = intention. Then you land on a profile that screams "AI generated image" or "suspiciously vague bio" (perceived risk). Swipe left, cart abandoned! OR think about trying to buy concert tickets from Ticketmaster - initial excitement turns to frustration with queues, crashes and hidden fees. * Trending Case: Fast fashion giants like SHEIN and Temu thrive on low prices, drawing in young shoppers. However, concerns about ethical sourcing and data privacy linger (perceived risk). They combat this by aggressive influencer marketing and app gamification to boost ‘choice satisfaction’ (whether ethically sound or not is another debate!). * Relatable Story: Imagine excitedly adding items for a home makeover on Wayfair or IKEA online. But then the website lags, images load slowly, finding similar items is a nightmare – frustration city! Cart… meet digital trash can.

    6 min
  3. Serving with Purpose: How Strong Brands Keep Volunteers Coming Back

    01/12/2025

    Serving with Purpose: How Strong Brands Keep Volunteers Coming Back

    Source: Wymer, W., & Čačija, L. N. (2025). Brand Strength’s Influence on Volunteers’ Retention and Support Intentions. Journal of Nonprofit & Public Sector Marketing, 1–35. https://doi.org/10.1080/10495142.2024.2448420 Link to show notes: https://www.marketingsciencelab.org/p/brand-strength-and-volunteer-loyalty This episode dives into a study from the Journal of Nonprofit & Public Sector Marketing that examines how a nonprofit's brand strength makes volunteers stay with them longer and support them over time. This research shows that having a strong brand doesn't just help businesses selling stuff; it's also important for nonprofits that rely on the dedication of volunteers. This is particularly relevant as we approach MLK Day of Service. We should understand what motivates people to offer more than just their time to a nonprofit. Notable direct quotes from the authors: "The scientific and practical relevance of this study is that it adds to our knowledge on construct relationships that influence volunteers' retention intentions and intentions to support their organizations in additional ways." “It is valuable to examine a complex model that reflects the multiple influences at play in a real setting rather than testing a simple model that does not allow for the multiple influences and interactions that are present on volunteers in their actual experience.” “The importance of brand strength is amplified when its effects on an array of support intentions are better understood.” Brand Strength: A solid brand significantly increases the likelihood that a volunteer will stick around (both in the near and long term) and support the organization with donations, referrals, and even planned giving. Just look at famous brands like the Red Cross and the YMCA – their reputation likely influences volunteer loyalty. Transparency Builds Trust and Donations: When an organization is open and honest, volunteers become more willing to donate or plan a bequest to support the work of the nonprofit. Transparency Amplifiers: When volunteers have high morale, solid training, and feel included in the organization's operations, transparency plays an even stronger role in convincing them to support that nonprofit for the long term. Factors That Don't Always Matter: Things like age didn’t really change the core link between brand strength and volunteer commitment. There was only a slight influence on long-term retention and recruitment for different age groups.

    9 min

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Welcome to the Marketing Science Lab, where data meets strategy. Join us as we dissect the latest marketing research, uncovering the science behind consumer behavior and effective campaigns. We translate complex studies into actionable insights, empowering you to make informed decisions and achieve measurable results. www.marketingsciencelab.org