In this episode of The Brainy Business podcast, Melina Palmer revisits a compelling conversation with Dr. Sudy Majd, a leader and behavioral scientist with a rich background in e-commerce purchasing behaviors. Originally aired in early April 2020, this episode delves into Sudy's work at Candid, a company that helps people straighten their teeth with clear aligners, and her journey to incorporate behavioral science into business practices. During the episode, Sudy shares insights from her research on consumer behavior, particularly focusing on the challenges of getting customers to return kits necessary for purchasing aligners. She discusses the surprising outcomes of applying behavioral science tactics and the importance of continuous testing and adaptation in real-world applications. The conversation also explores customer feedback, procrastination, and the psychological traits influencing consumer decisions. In this episode: Discover the intention-action gap and how it affects consumer behavior in e-commerce.Learn about the application of behavioral science tactics, such as nudging and social norms, in business.Explore the balance between qualitative and quantitative research in understanding consumer decisions.Understand the role of customer feedback in refining business strategies and improving conversion rates.Gain insights into the future of behavioral science in business and its application in digital spaces and big data. Show Notes: 00:00:00 - Introduction Melina introduces the episode and Dr. Sudy Majd, highlighting her expertise in behavioral science and e-commerce. 00:02:00 - Sudy's Background Sudy shares her journey from academia to applying behavioral science at Candid and other businesses. 00:08:00 - Challenges in Consumer Behavior Discussion on the challenges of getting customers to return kits and the initial application of behavioral science tactics. 00:15:00 - Testing and Adaptation Insights into the importance of testing and adapting strategies based on consumer feedback and psychological traits. 00:23:00 - Overcoming Procrastination Exploration of strategies to overcome consumer procrastination and improve conversion rates. 00:27:00 - Future of Behavioral Science Sudy discusses the future of behavioral science in business, including its application in digital spaces and big data. 00:29:00 - Conclusion What stuck with you while listening to the episode? What are you going to try? Come share it with Melina on social media -- you'll find her as @thebrainybiz everywhere and as Melina Palmer on LinkedIn. Thanks for listening. Don’t forget to subscribe on Apple Podcasts or Android. If you like what you heard, please leave a review on iTunes and share what you liked about the show. I hope you love everything recommended via The Brainy Business! Everything was independently reviewed and selected by me, Melina Palmer. So you know, as an Amazon Associate I earn from qualifying purchases. That means if you decide to shop from the links on this page (via Amazon or others), The Brainy Business may collect a share of sales or other compensation. Let’s connect: Melina@TheBrainyBusiness.comThe Brainy Business® on FacebookThe Brainy Business on TwitterThe Brainy Business on InstagramThe Brainy Business on LinkedInMelina on LinkedInThe Brainy Business on Youtube Connect with Sudy: LinkedIn Learn and Support The Brainy Business: Check out and get your copies of Melina’s Books. Get the Books Mentioned on (or related to) this Episode: What Your Customer Wants and Can't Tell You, by Melina PalmerAlchemy, by Rory SutherlandBlindsight, by Matt Johnson and Prince GhumanUsing Behavioral Science in Marketing, by Nancy HarhutImmersion, by Paul Zak Top Recommended Next Episode: How to Set Up Your Own Experiments (ep 63) Already Heard That One? Try These: A Behavioral Economics Analysis of Costco (ep 47)Disney (ep 292)Peloton (ep 338)Starbucks: A Behavioral Economics Analysis (ep 73)Amazon (ep 159) Other Important Links: Brainy Bites - Melina’s LinkedIn Newsletter
