Using Social Proof to increase conversion rates, sales and revenue
After doing well in online sales during COVID and moving to a WFH model, Samsung's growth targets for its internal online business grew by 80% in 2021. However, the team was uncertain of how to maintain growth once people started returning to the offices in Australia in 2021.
Therefore, Insider was introduced to drive incremental sales and revenue. By establishing mini-goals throughout the process, we were able to go step by step through the sales funnel and begin implementing solutions at each stage.
The use of notifications and reminders drove people further down the sales funnel, regardless of where they were in the buyer's journey. Using social proof, we have also created FOMO (fear of missing out).
Social proof not only drives FOMO but also builds trust and credibility by helping prospective customers make informed choices about a product or service.
It can be in the form of reviews, case studies, or awards. The goal of social proof is to increase conversion rates and sales.