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Leveraging User Psychy For Products Preparing your products ‘Mentally’
22

Leveraging user psychology for Products

Jan 22, 2018

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Business

Ujjwal Trivedi
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Page 1: Leveraging user psychology for Products

Leveraging User PsychyFor Products

Preparing your products ‘Mentally’

Page 2: Leveraging user psychology for Products

Ujjwal V. Trivedi

UVTimes

Page 3: Leveraging user psychology for Products

Story

● The biggest s*x organ in the body - Brain

● Top product mistakes that we do

● Psychological Biases that PMs can leverage

● Using Product PsychUp Checklist

Page 4: Leveraging user psychology for Products
Page 5: Leveraging user psychology for Products
Page 6: Leveraging user psychology for Products

The Natural Mistake

Since, I am a USER

And/OR

Since, I understand MYSELF

Hence, I understand the USER

Page 7: Leveraging user psychology for Products

Other Mistakes

Messaging ~= Feature Description

Value/Pricing ~= No. of features

Page 8: Leveraging user psychology for Products

Top Biases● Instant Gratification Bias

● Stereotyping Bias

● Salience Bias

● Messaging: Selective Perception,

Priming, Loss aversion bias, Seer sucker

Illusion

● Pricing: Scope Insensitivity

Page 9: Leveraging user psychology for Products

Instant Gratification Bias

A bird in hand is better than two in the bush.

Page 10: Leveraging user psychology for Products

Stereotyping Bias

Page 11: Leveraging user psychology for Products

Salience Bias

Experience:

399+taxes

Usage:

Take care of the simplest, easiest to understand feature

Page 12: Leveraging user psychology for Products

Selective Perception

Belief trumps Logic

Experience:

Heated arguments on Quora, Facebook

Usage:

Messaging: Simple and consistent with beliefs of TG

Page 13: Leveraging user psychology for Products

Seer Sucker Illusion

Experience:

Fake Experts in Ads

TripAdvisor Ratings

Usage:

Show Authority, Ranking, Rating

Page 14: Leveraging user psychology for Products

Loss Aversion Bias

Experience/Usage:

Zero Risk Policies

Money back guarantee

Reset Customisation

Page 15: Leveraging user psychology for Products

Scope Insensitivity

Experience:

How did you decide for your Last purchase?

Usage:

Pricing needs to be based on 1 most pertinent problem being solved.

Page 16: Leveraging user psychology for Products

Bandwagon Effect

Social Proof

Endorsements

Testimonials

Page 17: Leveraging user psychology for Products

Before Launch

Foot-in-the-door:

Page 18: Leveraging user psychology for Products

That was... Boring!Interesting?

Yawn!

Page 19: Leveraging user psychology for Products

Who can win?

Page 20: Leveraging user psychology for Products

Anchoring

Size of the plate matters!

Page 21: Leveraging user psychology for Products

Product Psych Up Checklist

http://bit.ly/uppsyched

Page 22: Leveraging user psychology for Products

Thank You!

Gmail/LinkedIn/Twitter

ujjwaltrivedi