What is FOMO and how to use it?

In the business space FOMO is a common acronym, but do you know what it stands for and how to use it?

FOMO or fear of missing out is a commonly used tactic in marketing.

Using this tactic brands can make their customers feel indirectly pressured to buy their products.

How can you use it?

-Show Stock Levels

-Show Limited Time Discounts

-Urge Your Shoppers To Checkout

-Show off your most popular products

-Show that people are buying from your store

-Show social proof

-Offer rewards for early decisions