Business Standard

Social proof can be an effective tool to motivate customers to move online

Imagine you have two buyers: one buyer looking for a small compact camera and another buyer looking for an SLR camera. How can you help people buy on more than price?

Image
Premium

Gary Peacock
Can online and e-commerce companies compete on anything except price? Yes, they can because not everyone buys on price. Remember the words of Warren Buffet, “Price is what they pay, value is what they get”. So, online retailers need to give their customers more value. Value can be information and insights into what other customers have already bought. That’s how busineses can compete on more than price.
 
In his 2016 book, Persuasion expert Robert Cialdini outlined three stages of persuasion: build a relationship, reduce uncertainty and motivate to act. These stages help us diagnose why some can compete on
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in