Online marketing guru Seth Godin talks openly here about the placebo effect and its relation to modern marketing. He says that, “(As marketers) … we don’t like to admit that we tell stories, that we’re in the placebo business. Instead, we tell ourselves about features and benefits as a way to rationalize our desire to to help our customers by allowing them to lie to themselves.
The design of your blog or your package or your outfit is nothing but an affect designed to create the placebo effect. … It’s all storytelling, it’s all lies.
Not that there’s anything wrong with that.
In fact, your marketplace insists on it.”