Posts Tagged "cognitive biases"

Customer retention: Increase your profits by 95%

In average it costs 5 times more to acquire new customers than it does to keep current customers (Lee Resource Inc.). The most interesting stat that can been seen in the past 3 years is that existing customers tend to spend much more than new ones and if that isn’t enough to get you ‘wowing’…

Unlocking Pricing Page Success: The Decoy Effect

In previous posts we discussed several cognitive biases you should know and use to increase conversion. Further more, understanding cognitive biases gives us a better understanding of our audience and what it is looking for.   What are cognitive biases? Our brain is an amazing tool that is far more powerful than any computer currently…