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Do This, NOT That: Marketing Tips with Jay Schwedelson l Presented By Marigold

Ep. 131 - STOP Doing What WORKS! πŸ›‘ How Confirmation Bias Is DESTROYING Your Marketing! and INVITE ME NEVER! l Jay's Scoop

Do This, NOT That: Marketing Tips with Jay Schwedelson l Presented By Marigold

GURU Media Hub

Growth, Education, Email, Business, Revenue, How To, Entrepreneurship, Marketing, Profit, B2b, B2c

5 β€’ 715 Ratings

πŸ—“οΈ 7 June 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

In this episode of "Do This, Not That", host Jay Schwedelson discusses the marketing pitfalls of confirmation bias and disconfirmation bias. He explains how falling into these biases can lead marketers to make poor decisions by continuing ineffective tactics or avoiding potentially successful ones. Listeners will learn the importance of continuously innovating and testing new ideas rather than relying on past results. ================================================================= Best Mo...

Transcript

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0:00.0

Welcome to Do This, Not That, the podcast for marketers.

0:14.3

You'll walk away from each episode with actionable tips you can test immediately.

0:19.9

You'll hear from the best minds in marketing who will share

0:22.6

tactics, quick wins, and pitfalls to avoid. We'll also dig into life, pop culture, and the chaos

0:29.8

that is our every day. I'm Jay Schwettleson. Let's do this, not that.

0:40.0

We are here for do this, not that.

0:43.1

And today we're going to talk about something that I think is holding back the performance of possibly every market on the planet.

0:49.8

Business, consumer, small company, big company, does not matter.

0:55.1

And that's this idea of confirmation bias, confirmation bias.

1:00.0

You know, this whole feeling of, hey, we're going to do this thing in marketing because

1:03.7

this is the way it's always been done at our company and it works really well.

1:08.9

And I don't think there's a company on the planet that doesn't kind of navigate that.

1:13.2

And confirmation bias is when you only notice or believe things that agree with what you

1:20.5

already think.

1:21.5

And you ignore or dismiss anything that doesn't fit in with your beliefs.

1:27.0

And that is a mess. That is a mess. And it

1:30.3

ruins performance. What do I mean it ruins performance? Right. So you send out an email campaign,

1:36.3

okay, and you start the subject line with a number, the seven pitfalls to avoid whatever, the three

1:41.5

new fashion trends of whatever. And the email does great. Right. And now you

1:46.8

have this tactic. Oh, we started our subject line with a number. It did so well. Let's start all of our

1:54.2

subject lines with a number because it did so well. That is the confirmation bias. This is how you become wallpaper. And in marketing,

2:03.1

this is what we do. We do these tests. Something works well. We don't just double down on it and

...

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