How Proper Social Proof Can Double Your Digital Product Sales

  • Jason@DPD
  • June 11, 2019
  • No Comments

Social proof has been a “thing” for years, but it’s still one of the hottest trends in marketing today. Why? Because it works, and it’s just what you need to send your digital product sales into the stratosphere. Simply put, people like what other people like and they buy what other people are buying. It’s the same dynamic that is making influencer marketing is so hot right now. 

But how can you leverage social proof to make a difference in your bottom line and your digital product sales?

With the growth of social media and the corresponding growth of technology, social proof is relevant to marketing on a scale that Robert Cialdini likely never imagined when he first coined the term in his 1984 book, Influence.And while influencer marketing is important, social proof goes far beyond influencers, with testimonials, good reviews, expert opinions and blurbs, personal recommendations, and more, playing a role. Let’s dive deeper into how you can capitalize on several forms of social proof to grow your digital product sales.

The Power of a Good Review

People want to be where the action is and they tend to buy what other people like. The numbers show this is resoundingly true as at least 85% of us read reviews online before spending money at a business! 

In fact, according to BrightLocal, 91% of us trust online reviews as much as personal recommendations. So while you definitely want to leverage influencers and personal recommendations as much as possible, you want to focus heavily on getting reviews, especially those in the four-star and five-star range. Reviews can make a difference in 66% of all purchase decisions – that’s huge.

Why Bad Reviews Matter for Digital Product Sales 

People may not always speak up about good experiences, but they definitely speak up about bad ones. Having a bad customer experience go viral can be very damaging to your future sales as well as your business’ brand. When your overall rating loses a single star or goes from a four-star rating to three, you can lose 5-9% in sales.

These numbers are significant, however realistically, not everyone will decide not to purchase based on a single bad review, and in fact, having some negative reviews can actually help your digital product sales. After all, people prefer to buy from brands that have a four-star rating, and actually trust these products more than those with five-star ratings. Why? Because no one has a perfect reputation, and people are naturally suspicious of products that have all five-star reviews. 

So how can you leverage a bad review into higher digital product sales?

That’s where this aspect of social proof gets really interesting. People tend to trust brands that acknowledge the bad reviews and respond to them over those that sweep the problem under the rug. So turning bad reviews into an opportunity to improve client communication and solve new problems, you can actually turn a bad review into higher digital product sales.


And there’s something else to consider, too. Some consumers search specifically for negative reviews and these folks can actually end up being some of the highest converting, by as much as 85%. So when you handle your reputation management the right way, not only do you appear trustworthy and authentic, you demonstrate that you care about your clients and their needs. Plus, it may yield an opportunity for an updated review or a new positive one. And there’s no better social proof than that!

The dangers of using negative social proof

There should be no doubt in your mind by this point that social proof is a powerful option to grow your digital product sales. However, keep a close eye on your messaging. You want to focus on positive aspects rather than negative. For an example this, consider when the Arizona Petrified Forest posted three different signs to keep people from stealing petrified wood. 

This one actually reversed the effect and led to more vandalism: “Your heritage is being vandalized every day by theft losses of petrified wood of 14 tons a year.”

Can you guess why? 

It sends the message that everyone else is doing it. And with that, people tend to figure: “why not me, too?”

So, while you want to use social proof to increase your digital product sales, you want to be sure you’re doing it the right way.

How to integrate social proof into your product page

At this point, it’s really a no-brainer that you want to start leveraging social proof to increase your digital product sales. But what types of social proof do you want to add to your product page?

Testimonials & Reviews

Testimonials from clients you’ve worked with can be indispensable, as can those great reviews. Choose a few that are really great, and select short, meaningful blurbs from each that will really speak to your target client.

Logos

Are there some big names you’ve worked with? Adding their logos to your sales page boosts your credibility. After all, if big names are working with you, you become that much more attractive to more clients.

Badges and accreditations

If you have trust seals, certifications, or accreditations, add those too. Just like logos, these badges offer social proof that will grow your digital product sales, to the tune of up to 30% and sometimes higher! In fact, Blue Fountain Media’s A/B test with a Verisign trust seal increased sales by 42%.

Live sales numbers/notifications

These are a relatively new addition to the social proof game. Notifications pop up on your screen showing when other people purchase the product. Remember how social proof is about liking what other people like? This gives social proof in real time and shows how popular the product is. If you add this to your page, your digital product sales will start converting higher!

The bottom line

No matter how you slice it, social proof is the key to increasing your share of the digital product sales pie. However, be sure to start integrating social proof mindfully to make the most of its power. And, don’t be surprised when your digital product sales grow in a big way!

The Inside Scoop on Product Size, Price, and Sales

  • Jason@DPD
  • September 17, 2010
  • No Comments

Here at DPD we maintain a content delivery and ecommerce network that delivers thousands of products. This generates a mountain of data on product sizes, product prices, sales volume, most popular product types, etc.

We’re serious about our privacy policy though, and we never share or sell sales information about any vendor or their product performance to 3rd parties. We do however use anonymous sales and product data to plan our infrastructure and future features to to provide the best possible service to our vendors.

This data includes things like product size, product price, product type (video, pdf, etc.), and how many sales they’ve had. This helps us gauge our storage and bandwidth requirements and is a crucial tool for us to make sure we have enough capacity to meet demand.

In this post we’d like to share a few of those anonymous product statistics with you for fun and informational purposes. For the sake of simplicity we’ll look only at products that are being sold in US Dollars (which accounts for the vast majority of DPD products).

Largest Products

First up, we’ll look at the top 10 largest products being delivered with DPD along with their price and how many times they’ve been purchased. As stated above, to keep this anonymous we’ve stripped all product names and IDs and we’re just looking at the raw size and transaction data.

 Size (MB)   Product Price   Purchase Count 
3141 49.00 122
2882 48.50 572
2882 97.00 2038
2882 48.50 58
2116 19.95 87
2048 67.00 58
2048 49.00 97
2025 29.00 421
1722 15.95 3
1695 39.95 11

Almost without exception these large 1, 2, and 3GB+ files are all video products. These might be training videos or independent films for example.

Before we make any determinations or correlations, lets look at a little more data.

Most Expensive Products

Next we’ll look at the top 10 most expensive products in our system. This table includes data for single item products, not any combos that might be made up of other collections of products at a higher price.

 Size (MB)   Product Price   Purchase Count 
4 $4,795.00 1
$1,000.00 20
2 $999.00 1
1 $995.00 1
2 $699.00 97
3 $500.00 1
70 $499.99 1
1631 $498.00 3
2 $495.00 4
$397.00 3

You’ll notice in this table that there are a couple products without a size. These are keycode products where the vendor is selling a software key, more than likely to activate a shareware or trail version of software or to unlock access to a subscription area on a website.

With one exception these most expensive products are all very small, which typically means the product is a PDF ebook, spreadsheet, or other non-multimedia document. You’ll also notice that the purchase count averages very low for expensive products.

Best Selling products

Finally, we’ll look at the data for the most popular products in the DPD system. These products are ordered by the number of sales, not the net sales amount.

 Size (MB)   Product Price   Purchase Count 
1 $4.99 4394
$79.00 3454
5 $39.95 3360
$8.04 2982
3 $29.00 2922
3 $57.00 2619
1 $10.00 2418
9 $19.99 2199
2882 $97.00 2038
11 $25.00 1756

The thing we find most striking about this final table are the small product sizes. These files are almost all PDF products, scripts, small programs, website themes, or other non-multimedia products.

There is also a fairly wide range of product prices in this list- they range anywhere from $4.99 to $97.99. It’s interesting that the #2 product at $7.99 outsells the #4 product which is almost 1/10 the price. However, its important to take sales volume in to account when looking at pricing your own product.

For example:

4394 x $4.99 = $21,926.06

2982 x $8.04 = $23,975.28

1756 x $25.00 = $43,900.00

While cheaper products do tend to sell more copies, net income definitely favors the higher priced product.

Also, from looking at this information one might conclude that information products such as PDFs and other smaller products tend to sell more than large multimedia files like video. Of course, without knowing the specific products and their marketing efforts it would all just be conjecture.

You can see right off the bat why DPD can afford to give so much more product storage space compared to our competitors- while we do store many HUGE files, the most popular files in our system are relatively small, allowing us to average the total bandwidth and disk space costs and provide a better value to everyone. Number #9 on the list? We lose money on that guy every month. Thats ok though as long as everyone doesn’t have a wildly popular 2.8GB product 🙂

We’re developers here at DPD and we love analyzing raw technical and sales data. We’ve purposely left this post open to interpretation, and we’re interested in what you think.

Drop us a comment and tell us what conclusions you’ve come up with from looking at this data!