Why the Business Model of FOMO Marketing Works ?
Why the Business Model of FOMO Marketing Works ? I thought that FOMO in marketing was only an ironic buzzword and that it only existed as a cool Instagram caption about how I wish I were somewhere else, but it was actually not the case. After investigating why some products are selling out, I discovered that there is a particular strategy called FOMO marketing which is all about the art of creating artificial urgency, converting it into money, and even monetizing an entire business around the concept. And once you start looking at it, you will see why customers who fall under the FOMO marketing umbrella are so easily kept on the hook for endless cycles. "Great leaders use urgency wisely without causing panic" Deciphering Marketing Psychology Most things about FOMO marketing have very little to do with an actual product and everything to do with marketing psychology. Namely, the whole system works by appealing to the caveman instincts that tell us that people who are doing b...