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016: How Groupon Used Social Proof To Increase Sales

016: How Groupon Used Social Proof To Increase Sales

FromThe Psychology of Copywriting


016: How Groupon Used Social Proof To Increase Sales

FromThe Psychology of Copywriting

ratings:
Length:
26 minutes
Released:
Jan 12, 2021
Format:
Podcast episode

Description

Social proof is the idea that the behaviors of others influence our own actions and attitudes. Social proof creates that sense of FOMO (fear of missing out) and convinces people to do what the majority of those around them are doing. Did you know companies such as Groupon used social proof to increase their sales? In this episode, you’ll find out why social proof is powerful and how you can use it.   Today’s article focuses on Groupon and how the company sold coupons by knowing its consumers. The article found that larger discounts on coupons did not lead to more sales. Instead, social proof was such a predictable and reliable driver of sales that they could use it as a tool to predict sales with a high degree of accuracy.   Groupon knows that their “subscribers are not looking for the perfect deal, they’re looking for the perfect excuse to try something new”. Do you know your clients’ motivations? Data from today’s study shows us that sometimes, our ideal client gets caught up in social proof, regardless of their values and motivations. How do we as copywriters deal with this? As mentioned in previous episodes, it is important to know your ideal customer, but also to recognize that sometimes social proof gets in the way.   What To Look For In This Episode: [00:06:55] What today’s article revealed. [00:15:07] Why you should know your avatar but know it loosely. [00:16:45] How to use social proof in your copy.   Journal Article: Value proposition and social proof in online deals: an exploratory study of Groupon.com https://www.researchgate.net/publication/230015908_Value_proposition_and_social_proof_in_online_deals_An_exploratory_study_of_Grouponcom   Amblee, N., & Bui, T. (2012). Value proposition and social proof in online deals: an exploratory study of Groupon.com. ICEC '12. https://dl.acm.org/doi/10.1145/2346536.2346596 Resources: Brand Voice Template [brandvoicetemplate.com]   Got a question you want answered on the podcast? Awesome! Go to geoffkullman.com/questions   Connect with Geoff: Instagram: instagram.com/geoffkullman Twitter: twitter.com/geoffkullman Inquiries: geoffkullman.com     Subscribe To The Podcast Here: Do you have friends, colleagues, or clients who would find The Psychology of Copywriting podcast valuable? Spread the word!     *** EPISODE CREDITS: If you like this podcast and are thinking of creating your own, consider talking to my producer, Danny Ozment.   Danny helps thought leaders, influencers, executives, HR professionals, recruiters, lawyers, realtors, bloggers, coaches, and authors create, launch, and produce podcasts that grow their business and impact the world. Find out more at https://emeraldcitypro.com
Released:
Jan 12, 2021
Format:
Podcast episode

Titles in the series (82)

Discover the copywriting concepts and principles hidden inside the latest and best research within the fields of neuroscience, linguistics, and psychology. Join host Geoff Kullman every week to learn more about what’s happening in the brain of your clients and prospects as they read your copy. Yes, copywriting is an art… but it’s also a science!