
Read more about Business
The truth is that most customers read reviews before deciding whether or not to make a purchase. They are eager to know what others are saying about the product, as this would give them the confidence they need to spend their money on that item. In a crowded digital space where people are torn apart on what product to purchase or vendor to patronise, social proof is the key to sales. Therefore, in this article, we’ll be discussing the power of social proof and how to utilise it to drive sales.
What is Social Proof?
Coined by a psychologist, Robert Cialdini, social proof is the totality of people’s responses when they don’t know how to act in a particular situation. In simple terms, people look to others for guidance on what they should do or the decisions they should make. A person is usually influenced to follow suit on the actions of others. For instance, seeing someone buy a product or leave a positive review for a brand influences you to want to patronise that brand. In other words, happy customers bring in new customers. Social proof is like drawing in customers and making sales through “Word of Mouth Referrals”. People want to know how good a product is before patronising it, so the best way they can achieve this is to look out for what others are saying about the product. Social proof is a human psychological behaviour which is often triggered by our desire to follow the crowd ( herd behaviour), our trust in experts and our ability to relate more to individuals like us (similarity attraction).Types of Social Proof
There are various types of social proof which can be utilised by brands to build sales. Some of these are:-
Customer Review
-
Testimonials
-
Expert Endorsement
-
User-Generated Content
Sign up for the Connect Nigeria daily newsletter
-
Case Study
-
Social Media Engagement
How Social Proof Builds Trust
-
Establish Credibility
-
Creates FOMO ( Fear of Missing Out)
-
Builds Brand Visibility
Register to attend the CN Business Mixer
Concluding Thoughts
Social proof should be a key ingredient in your brand’s marketing strategy, as this helps you to stand out in a crowded digital space. However, companies and brands should ensure authenticity while leveraging social proof to avoid deceit.Did you find this article useful? Contact us: [email protected]
You might also like:
- 10 Best Businesses to Start in Uyo
- The Psychology of Selling: Discover What Makes People Buy – Webinar with Paul Foh
- 10 Best Businesses to Start in Kaduna
- Top 10 Solar Companies in Nigeria
Notice: Undefined variable: last_modified in /var/www/html/articles/wp-content/themes/cnhalptem/content-single.php on line 36