#5: Does FOMO Marketing Work on You
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In "Episode 5: Does FOMO Marketing Work on You?" of the “One Eye Deer” Podcast, we explore the “fear of missing out” phenomenon, also known as FOMO.
The FOMO marketing strategy is a form of marketing in which you leverage the customer’s time-sensitive desire and market to them in order to make a sale. The marketing message and advertising is structured in a very specific way. Such that, it triggers impulsive customers to make a purchase.
One recent example in Singapore, Malaysia and other cities was the launch of the Swatch-Omega collaboration - the Moonwatch. Hours before the stores opened, customers queued up for hours to wait in line at the chance to buy the watch, even though it was not a limited edition. The crowds got rowdy and the police had to be called in.
So why were so many people scrambling to get in line for the chance to get a Moonwatch at wee hours of the morning?
Join certified marketing management consultant J C Sum, as he discusses how brands and marketers use FOMO marketing to psychologically pressure customers into wanting a product or service. He also shares his experiences with FOMO marketing at a Xiao Long Bao restaurant in Shanghai, and offers his thoughts on the recent Moonwatch launch.
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About One Eye Deer:
The One Eye Deer podcast is produced by Evolve & Adapt, an award-winning strategy & digital consulting firm based in Singapore and Malaysia.
If you are looking to build your brand and generate massive leads and sales, book a marketing consulting call at EvolveAdapt.com
The “One Eye Deer” mascot was designed by Eugina Lee (IG : lee.eugina) based on the concept developed by J C Sum.
One Eye Deer theme performed and produced by Darren Teh, An Honest Mistake
Adapted from "Do-Re-Mi", “The Sound of Music”. 1959 Rodgers and Hammerstein.