Tag archive for FOMO Fear of Missing Out

• Dec 20, 2018
• Dan Hoff
• 0
• Demand Generation, FOMO Fear of Missing Out, Marketing Strategies

by Chris O’Keef

As marketers, every day we aspire to put our products and services in front of as many eyes as possible. But if what if we go in the other direction? What if you hide your product from the world? If you make it hard to get? If you don’t make enough? What if you create friction? What if we introduced scarcity into our mix?

What is scarcity marketing?

Scarcity marketing is the idea of limiting the supply of a product. It is something that works, simply because it takes advantage of the human desire to have what you can’t get. So, it creates demand through mystique and enticement.

So, now that we’re clear on what scarcity marketing is, let’s dive into some examples of businesses in a few different industries using this principle successfully. Read the full article at WordStream.com