The Power of Scarcity
Leveraging Urgency and Demand to Influence Customer Decisions
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Narrated by:
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Karen Ruth Johnston
About this listen
Scarcity isn't just one of the key principles of influence, it's arguably the most powerful—invoking the kind of primal instincts that were essential to our ancestors' survival. It's also the explanation for why, in the mid-1990's, $29.99 Tickle-Me-Elmo dolls were being scalped for $7,000 apiece.
In The Power of Scarcity, Dr. Mindy Weinstein leverages her deep expertise in both marketing and psychology to reveal how this influence principle can be used to boost sales, win negotiations, spark action, develop community, build customer loyalty, and more. As a digital marketer and doctor of philosophy in psychology, she brings both practical and academic insights to explain the psychology behind scarcity, why it has such an immense impact on decision making, and how, used correctly and ethically, it can influence the people who buy your products or services.
In this book, you'll gain a deeper understanding of why and how scarcity works in business, and specifically how different types of scarcity messages—supply related, demand related, time related or limited edition—affect our brains. You'll see it in action from multiple perspectives, through case studies, research findings, and eye-opening interviews with current and former executives, as well as real-life customers' firsthand experiences.
©2023 Mindy Weinstein, PhD (P)2022 McGraw Hill-Ascent AudioListeners also enjoyed...
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Courtney and Carter Reum have years of experience in the field, from investing in over 130 companies, including Lyft, Pinterest, Warby Parker, and ClassPass, to driving the success of their own liquor brand, VEEV Spirits. The Reum brothers have learned from every triumph and tribulation and over the years have developed an effective and easy-to-understand guide to help entrepreneurs through the startup journey from inception to sale.
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A must read for start ups
- By Dave on 02-09-18
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Buying In
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- By: Rob Walker
- Narrated by: Robert Fass
- Length: 9 hrs and 21 mins
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Marketing executives and consumer advocates alike predict a future of brand-proof consumers, armed with technology and a sophisticated understanding of marketing techniques, who can effectively tune out ad campaigns. But as Rob Walker demonstrates, this widely accepted misconception has eclipsed the real changes in the way modern consumers relate to their brands of choice. Combine this with marketers' new ability to blur the line between advertising, entertainment, and public space, and you have dramatically altered the relationship between consumer and consumed.
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Lets you in on the secret...
- By Jeff on 07-06-08
By: Rob Walker
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Overdeliver
- Build a Business for a Lifetime Playing the Long Game in Direct Response Marketing
- By: Brian Kurtz
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- Length: 8 hrs and 43 mins
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Whether you’re new to marketing or a seasoned pro, this book gives you a crystal-clear road map to grow your business, make more money, maximize your impact in your market, and love what you’re doing while you’re doing it. Author Brian Kurtz takes you inside the craft to help you use all the tools at your disposal - from the intricate relationship between lists, offers, and copy, to continuity and creating lifetime value, to the critical importance of multichannel marketing and more - so you can succeed wildly, exceed all your expectations, and overdeliver every time.
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1 of the best books on marketing - highly recommended
- By Patrick J. Stiles on 12-13-19
By: Brian Kurtz
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Free Prize Inside!
- The Next Big Marketing Idea
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Purple Cow taught marketers the value of standing out from the herd, which is how companies like Krispy Kreme and JetBlue made it big. But it left readers hungry for more: How do you actually think up new Purple Cows? And how do you get them adopted by risk-averse Brown Cow companies? Free Prize Inside delivers those answers and much more.
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Another gem from Seth
- By Daryl on 12-29-09
By: Seth Godin
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The Star Principle
- How It Can Make You Rich
- By: Richard Koch
- Narrated by: Richard Aspel
- Length: 7 hrs and 9 mins
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Richard Koch has made a career out of spotting "Star businesses" - and has made millions from them. Star businesses are ventures operating in a high-growth sector - and are the leaders of their niche in the market. Stars are rare. But with the help of this book and a little patience, you can find one - or create one yourself.This is a vital book for any budding entrepreneur or investor (of grand or modest means).
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Makes perfect sense
- By Lorcan McNeela on 10-28-14
By: Richard Koch
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★Conquer Imposter Syndrome, Develop a Resilient Mindset, and Fail Forward With Confidence★ Are you trapped by repeated failure? Do you Feel Stuck in Life? Are You Struggling to Persevere through life's difficult challenges? If so, FAIL BIG is the book for YOU. The fear of failure can damage self-esteem, cripple self confidence, and triggers psychological fears that lead to action paralysis. The solution to handling failure is by shifting your mental attitude. You will learn the positive psychology for getting out of your own way and defeating negative behavior failing you in your life ...
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Mind Management, Not Time Management
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Personal story intertwined with productivity stuff
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Nothing Changes Until You Do
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After three years of living his dream as a professional baseball pitcher, Mike Robbins had an arm injury that benched him for good, and when this happened, he had to figure out who he was without the identity of "baseball player" - a process fraught with emotional highs and lows. He quickly realized that the self-criticism and self-doubt he was feeling are epidemic in our culture. Too often we base our value on our external world - our jobs, finances, appearance, or various other factors.
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20% Inspiration, 80% Biography
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What listeners say about The Power of Scarcity
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Greg Welch
- 12-05-24
Modern day marketing explained!!!
Opens your eyes to modern day marketing you probably didn’t realize you were being targeted with.
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- Daniel Kilburn
- 01-25-23
a good primer on scarcity mindset
A very good view on using scarcity in it's many forms for marketing. Lacks urgency.
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- S Janzen
- 08-02-23
A Game-Changing Marketing Book You Can’t Afford to Miss!
Don’t miss this book! A fresh perspective on how to spin your brand to get more sales and excite your customers. I’m so excited to use these principles in my business. 10/10 read!
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