Marketers always look for more efficient ways of building loyalty. To do so they must understand the logic of what is able to stimulate.
There are many fascinating insights about the brain. In concerns to the make up of the brain, you may have heard the terms, “right brain" and "left brain.” To clarify the right brain hosts the triggers to emotions, and imagination, while the left side of brain, relates more to logic and rationality.
Marketers always look for more efficient ways of building loyalty. To do so they must understand the logic of what is able to stimulate pleasurable triggers in the mind. So understanding what it is that develops better customer loyalty; for example, ‘why we keep going to the same places over and over again,’ i.e. the same restaurants, coffee shops, or stores.
When marketers learn how to implement the proper gamification to their adverting tactics it can create positive customer experiences, and help customers to feel positive on many levels. Some people enjoy competition, while others enjoy reward-winning challenges.
When a company provides rewards for a large amount of active users, they also create strong mental anchors; anchors of positive feelings that is located in the "right brain". More often then not, people purchase things while not consciously thinking about it. A continuation of anchoring good feeling Leads to better customer loyalty and trust.
Think different – think "right brain" first.
Dan Ariely is an Israeli American professor of psychology and behavioral economics once noted that individuals, are not rational but are irrational, and the way individuals take decisions are based on feelings. A few years ago, Ariely demonstrated how it works. He conducted a study at Harvard University, and asked his participants to play and build characters from Lego’s Bionicles series. Ariely paid his participants for each character they built. One group’s creations were stored under the table, to be destroyed at the end of the experiment. The other group’s Bionicles were destroyed as soon as they had been built.
“This was an endless cycle of them building, and we destroying them in front of their eyes,” Ariely says.
The Results: The first group made 57% more Bionicles figurines on average.
The insight: Even though there wasn’t much at stake, and even though the first group knew their work would later be destroyed at the end of the experiment, just seeing the results of their efforts in the short run was enough to dramatically improve their overall performance.
What Can Marketers Learn From This Experiment?
Once again, we see that people like to play games, but when people invest their time, and effort into a specific game, it's allows them to share that piece of activity with others. A good example of this is scoring. Both Facebook and Twitter have learned to Leverage scoring.
On Facebook people can see the amount of friends, and likes they accomplish. On Twitter it's all about your followers. It's very important to present scoring in a prominent place and to present it even after people stop playing because its something they are likely to go back to and see their results.
Once they see the results they feel good about it, they can measure their efforts, and are rewarded psychologically. Each and every time they see the scoring this good feeling is anchored deep into their "right brain" and that helps to create loyalty and trust.
There are many fascinating insights about the brain. In concerns to the make up of the brain, you may have heard the terms, “right brain" and "left brain.” To clarify the right brain hosts the triggers to emotions, and imagination, while the left side of brain, relates more to logic and rationality.
Marketers always look for more efficient ways of building loyalty. To do so they must understand the logic of what is able to stimulate pleasurable triggers in the mind. So understanding what it is that develops better customer loyalty; for example, ‘why we keep going to the same places over and over again,’ i.e. the same restaurants, coffee shops, or stores.
When marketers learn how to implement the proper gamification to their adverting tactics it can create positive customer experiences, and help customers to feel positive on many levels. Some people enjoy competition, while others enjoy reward-winning challenges.
When a company provides rewards for a large amount of active users, they also create strong mental anchors; anchors of positive feelings that is located in the "right brain". More often then not, people purchase things while not consciously thinking about it. A continuation of anchoring good feeling Leads to better customer loyalty and trust.
Think different – think "right brain" first.
Dan Ariely is an Israeli American professor of psychology and behavioral economics once noted that individuals, are not rational but are irrational, and the way individuals take decisions are based on feelings. A few years ago, Ariely demonstrated how it works. He conducted a study at Harvard University, and asked his participants to play and build characters from Lego’s Bionicles series. Ariely paid his participants for each character they built. One group’s creations were stored under the table, to be destroyed at the end of the experiment. The other group’s Bionicles were destroyed as soon as they had been built.
“This was an endless cycle of them building, and we destroying them in front of their eyes,” Ariely says.
The Results: The first group made 57% more Bionicles figurines on average.
The insight: Even though there wasn’t much at stake, and even though the first group knew their work would later be destroyed at the end of the experiment, just seeing the results of their efforts in the short run was enough to dramatically improve their overall performance.
What Can Marketers Learn From This Experiment?
Once again, we see that people like to play games, but when people invest their time, and effort into a specific game, it's allows them to share that piece of activity with others. A good example of this is scoring. Both Facebook and Twitter have learned to Leverage scoring.
On Facebook people can see the amount of friends, and likes they accomplish. On Twitter it's all about your followers. It's very important to present scoring in a prominent place and to present it even after people stop playing because its something they are likely to go back to and see their results.
Once they see the results they feel good about it, they can measure their efforts, and are rewarded psychologically. Each and every time they see the scoring this good feeling is anchored deep into their "right brain" and that helps to create loyalty and trust.
IC Markets, StoneX, FundYourFX, and More: Executive Moves of the Week
Executive Interview with Michael Higgins | Hidden Road & ATFX | FMLS:24
Executive Interview with Michael Higgins | Hidden Road & ATFX | FMLS:24
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Executive Interview with Delphine Forma | Solidus Labs | FMLS:24
Executive Interview with Delphine Forma | Solidus Labs | FMLS:24
🔗 Crypto Regulation and MiCA: The Road Ahead for Brokers and Exchanges 🔗
In this must-watch interview, Delphine Forma, Head of UK and EU Policy at Solidus Labs, breaks down the challenges and implications of crypto regulation in #Europe, including the upcoming implementation of MiCA (Markets in #Crypto-Assets). From fragmented regulatory landscapes to unprepared exchanges, Delphine highlights the urgency for brokers and platforms to align with new frameworks by December 30.
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🔗 Crypto Regulation and MiCA: The Road Ahead for Brokers and Exchanges 🔗
In this must-watch interview, Delphine Forma, Head of UK and EU Policy at Solidus Labs, breaks down the challenges and implications of crypto regulation in #Europe, including the upcoming implementation of MiCA (Markets in #Crypto-Assets). From fragmented regulatory landscapes to unprepared exchanges, Delphine highlights the urgency for brokers and platforms to align with new frameworks by December 30.
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Executive Interview with Brandon Mulvihill | Crossover | FMLS:24
Executive Interview with Brandon Mulvihill | Crossover | FMLS:24
🔗 Crypto Execution, Market Structure, and the Road Ahead: Insights from Brandon Mulvihill, CEO of Crossover #Markets 🔗
How are #crypto execution venues reshaping the digital asset space for retail and institutional brokers? In this exclusive interview, Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, shares insights on the gaps in market structure, innovations in crypto #trading, and the future of digital asset infrastructure.
With the emergence of ECNs in crypto and declining costs of trading, the digital asset space is maturing rapidly. Discover how macro trends like pro-crypto sentiment, institutional participation, and regulatory optimism are driving growth and reshaping opportunities in the crypto markets.
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🔗 Crypto Execution, Market Structure, and the Road Ahead: Insights from Brandon Mulvihill, CEO of Crossover #Markets 🔗
How are #crypto execution venues reshaping the digital asset space for retail and institutional brokers? In this exclusive interview, Brandon Mulvihill, Co-Founder and CEO of Crossover Markets, shares insights on the gaps in market structure, innovations in crypto #trading, and the future of digital asset infrastructure.
With the emergence of ECNs in crypto and declining costs of trading, the digital asset space is maturing rapidly. Discover how macro trends like pro-crypto sentiment, institutional participation, and regulatory optimism are driving growth and reshaping opportunities in the crypto markets.
#fmls #fmls24 #fmevents #digitalassets
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Executive Interview with Laura Mccracken | MyGuava | FMLS:24
Executive Interview with Laura Mccracken | MyGuava | FMLS:24
💳 #Payments Innovation and #Fintech Trends: Insights from Laura McCracken 💳
In this interview, Laura McCracken, Non-Executive Director at Guava, explores how financial services are evolving through rebundling, the rise of #financial super apps, and embedded finance. As customers demand simplicity, fintech startups are driving innovation in cross-border payments and remittances, with unconventional partnerships—like social media platforms—unlocking new global opportunities. From streamlining payments to integrating services into daily life, the future lies in efficient, unified solutions that deliver value to both businesses and consumers.
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💳 #Payments Innovation and #Fintech Trends: Insights from Laura McCracken 💳
In this interview, Laura McCracken, Non-Executive Director at Guava, explores how financial services are evolving through rebundling, the rise of #financial super apps, and embedded finance. As customers demand simplicity, fintech startups are driving innovation in cross-border payments and remittances, with unconventional partnerships—like social media platforms—unlocking new global opportunities. From streamlining payments to integrating services into daily life, the future lies in efficient, unified solutions that deliver value to both businesses and consumers.
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Executive Interview with Sonia Barlow | LMF Network | FMLS:24
Executive Interview with Sonia Barlow | LMF Network | FMLS:24
Diversity, Inclusion, and Entrepreneurship in Fintech: Insights from Sonia, Founder of LMF Network
How can #fintech leaders build inclusive workplaces, retain top talent, and drive meaningful change in 2025? In this engaging interview, Sonia, Founder of the LMF #Network, discusses the importance of #diversity, equity, and upskilling in modern workplaces. From practical tips for scaling businesses to addressing misconceptions about inclusion, Sonia shares actionable insights for leaders, entrepreneurs, and fintech professionals.
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Diversity, Inclusion, and Entrepreneurship in Fintech: Insights from Sonia, Founder of LMF Network
How can #fintech leaders build inclusive workplaces, retain top talent, and drive meaningful change in 2025? In this engaging interview, Sonia, Founder of the LMF #Network, discusses the importance of #diversity, equity, and upskilling in modern workplaces. From practical tips for scaling businesses to addressing misconceptions about inclusion, Sonia shares actionable insights for leaders, entrepreneurs, and fintech professionals.
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