Remove psychology-of-reciprocity-and-rewards
article thumbnail

The Psychology of Reciprocity and Rewards

Smile.io

The theory of reciprocity is a concept as old as time. Now, nearly four thousand years later, reciprocity is just as powerful as ever because of its ability to forge emotional relationships. In fact, the oldest set of written laws in the world talked about it!

37
article thumbnail

The Psychology Behind a Referral Program (and why it works)

Smile.io

Turns out there is a psychological explanation for the effectiveness of a referral program, and even a few tricks you can use to bolster your own. Here are the three driving psychological principles behind a referral program. Humans are creatures of habit and prefer to do things that have already been done before.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Growth Hacking For E-Commerce – Accelerating Sales With Reciprocity

Frooition

Trust is psychological, and so we can use a mix of psychological triggers to create it. That’s called reciprocity, and it’s a powerful psychological tool in e-commerce. By giving away useful content for seven years and asking for nothing in return, he was building up a powerful sense of reciprocity in his favour.

article thumbnail

Why Emails are the Key to a Successful Rewards Program

Klaviyo

Your rewards program is no different from any other initiative, and you need to make sure that customers are aware of it to maximize its effectiveness. Combining your rewards program with your email marketing creates one powerhouse marketing strategy. House of Lashes understands that simply offering attractive rewards isn’t enough.

Gifts 119
article thumbnail

5 Brands Creating Sustainable Growth

Smile.io

By rewarding members for leaving reviews, Jimmy Joy benefits from positive user-generated content that acts as the social proof new customers need to make their first purchase. As a small business, it can be tempting to invest a lot of money into fast-acting customer acquisition strategies that will bring in quick growth.

article thumbnail

5 Brands Creating Sustainable Growth

Smile.io

By rewarding members for leaving reviews, Jimmy Joy benefits from positive user-generated content that acts as the social proof new customers need to make their first purchase. As a small business, it can be tempting to invest a lot of money into fast-acting customer acquisition strategies that will bring in quick growth.

article thumbnail

How to Reduce Churn in your Online Subscription Business

Smile.io

Online subscription models are hard to maintain but come with a great reward. Today, there’s absolutely no use in trying to implement contracts or minimum subscription periods. After the crisis, people need flexibility, and even a whisper of a contract can send someone running to your competition.