Understanding Behavioral Economics Can Help Your Business Grow Give your business a boost by learning consumer psychology.

By Entrepreneur Store Edited by Jason Fell

Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.

Myriam Jessier/Unsplash

Market research is crucial for any startup or entrepreneurial venture. After all, if you don't know your market, how are you going to meet its needs? Customer behavior has changed over recent years, especially during the pandemic, and it's more important than ever to understand consumer psychology.

MINDWORX Academy's Behavioral Economics & Psychology in Marketing course can help you become an expert in consumer psychology.

In this one-hour master class, you'll get an introduction to the behavioral economics and consumer psychology that guide the global marketplace. You'll get a well-rounded understanding of how to apply powerful psychological principles to improve your business results and grow your brand.

The master class features instruction from several leading entrepreneurs. You'll learn how psychology is used in marketing from Rory Sutherland, Vice-Chairman of Ogilvy Group UK, and one of the most influential figures in modern marketing. Sam Tatam, Behavioral Strategy Director of Ogilvy Consulting UK, will educate you on the power and danger of choice overload. You'll learn about loss aversion from Matej Sucha, MINDWORX Founder and CEO. And, finally, there's even a surprise guest to teach you a few simple tricks that business owners can use to justify a higher price.

Student Vinita Singh, a Senior Research Executive at Nielsen, said of the course: "'Perfectly crafted, well-articulated, highly engaging and enriching program. This is one of the finest online programs I have come across. The case-studies and examples are elaborate and make it easier to understand BE concepts. I found the content informative, and it has been designed in a manner such that it kept me engaged throughout.''

Learn how to apply psychology to your business growth. Right now, MINDWORX Academy's Behavioral Economics & Psychology in Marketing course is 90 percent off at just $19.99.

Looking to diversify your investments in 2021? Check out DiversyFund to start dipping your toes in private real estate for as low as $500.

Prices subject to change.

Entrepreneur Store

Entrepreneur Store

Your one-stop shop for the latest technology, online courses and productivity tools to help your business and personal growth. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Side Hustle

This Mom's Side Hustle Selling a $600 Children's Toy Became a Business Making Over $1 Million a Year: 'There Is a Lot to Love'

Shari Raymond, a mother of three, was looking for a specific toy — and was "shocked" when she couldn't find it.

Social Media

With This LinkedIn Algorithm Change, Your Best Posts Could Reach New Readers for Months

It's one of many new features rolling out on the platform in 2024.

Business News

Morgan Stanley Plans to Lay Off 2,000 Workers, Replacing Some with AI

Morgan Stanley's planned job cuts are both performance and AI-based.

Starting a Business

A Teen With Cerebral Palsy Pitched a Creative Product in School. He Got a B- — Then Grew the Business to $5 Million a Year Anyway.

Drew Davis, founder of Crippling Hot Sauce, uses humor and business to make a major impact.

Business News

The Fed's Decision to Keep Rates Steady Is 'Unsurprising,' According to a JPMorgan Expert. Here's Why.

Federal Reserve Chair Jerome Powell said that the Fed wasn't in any rush to make rate adjustments.