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Optimizing the Path to Conversion
Leveraging Social Proof to Increase Sales
THE Q4 ECOMMERCE BRAND ACCELERATOR VIRTUAL SUMMIT
Summit Details
Tuesday, September 25th
10 - 10:45 AM PT
● CPC Strategy: Maximize Conversions by
Balancing Your Ecommerce and Amazon Strategy
11 - 11:45 AM PT
● Trustpilot: Optimizing the Path to Conversion
Leveraging Social Proof to Increase Sales
12 - 12:45 AM PT
● Nielsen Visual IQ: Crossing the New Digital
Divide: Your Guide to Marketing Effectiveness
Wednesday, September 26th
10 - 10:45 AM PT
● AdEspresso: 6 Ways To Retarget Audiences Using
Facebook Ads To Maximize Revenue During Q4
11 - 11:45 AM PT
● Privy: How Top Ecommerce Merchants Approach
Cart Abandonment
● Session Recording & Slides Will Be Sent Out
● Submit Questions to Our Panelists
● Resources Available as Handouts
● Join in the Poll Question!
Analicia Santaella
Webinar Coordinator
Today’s Logistics
Robert Statsky
Director of Customer Success
Today’s Speaker
Today’s Agenda
● What is social proof?
● Why does social proof work?
● Types of social proof
● User-generated content
● Reviews and ratings
● Case studies and testimonials
● Influencer opinions
● Badges, awards, & seals
● Live or dynamic data to increase FOMO
We help people buy
with confidence
Sharing experiences builds
trust and transparency
We help companies harness
the power of reviews
About Trustpilot
47m+ Online reviews
1M+ New reviews every month
230K Brands reviewed on Trustpilot
About Trustpilot
The holiday season
40% of retailers experience a
48% average revenue growth
during this season.
Holiday sales last year increased
by 3.8% compared to the
previous year
What is social proof?
● The influence that the actions and attitudes of those around
us have on our own behavior
● Perfect way for marketers to utilize FOMO and build credibility
Why does social proof work?
84% of consumers say they trust peer recommendations above
all other sources of advertising.
92% of people will trust a recommendation from a peer, & 70%
of people will trust a recommendation from someone they
don’t even know.
Word-of-mouth marketing generates more than twice the sales
of paid advertising.
74% of consumers rely on social media to inform their
purchasing decisions.
Types of social proof
● User generated content
● Ratings and reviews
● Case studies and testimonials
● Influencer opinions
● Badges, awards, & seals
● Live or dynamic viewer data
User-generated content
● Great for B2C
● Over 2 million followers on
Instagram
● More sales
● A better brand-customer
relationship
User-generated content
● Great for B2C
● Huge increase in its social
media following
● A great word of mouth strategy
● More traffic from social and
more sales
Reviews and ratings boost customer confidence
92% of consumers now read
online reviews
88% of consumers trust online
reviews as much as personal
recommendations
Customers are likely to spend 31%
more on a business with “excellent
reviews”
40% of consumers form an
opinion by reading 1 to 3 reviews*
Reviews and ratings
● Great for B2C and B2B
● Improved CTR on email
● More sales from web and
Google Shopping
● More traffic and
engagement from social
media
Reviews and ratings
130% increase in
conversions, 315% in
revenue
ID Wholesaler
12% in conversions,
13% more sales
revenue
16% Increase in
conversions
VivintRevel
Case studies and testimonials
● Great for B2B
● Most in-depth type of social proof
● Great to use when you have a solid customer story
● Reviews can help identify customer advocates - good candidates for this
type of social proof
Influencer opinions
● Great for B2C
● Ability to gain and guide new audiences
● Social proof but instead of coming from the masses, it comes from “experts”
● Improve brand sentiment
● Demographic targeting
Badges, awards, & seals
42% increase in
conversions
72% increase in
conversions
14.5% increase in
conversions
Live or dynamic data to increase FOMO
● Great for B2C
● Live data uses ‘wisdom
of the crowd’
● Usually included on
product pages
● Can include time last
purchased, time
sensitive deals, number
of visitors viewing
product, buyers in the
past 24 hours, etc
SMALL TEXT
STACK TEXT ROW 1
STACK TEXT ROW 2
Schedule Your 1-1 Evaluation
https://marketing.trustpilot.com/septdemo
Questions for today’s speaker?
Robert Statsky
Director of Customer Success

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Optimizing the Path to Conversion Leveraging Social Proof to Increase Sales

  • 1. Optimizing the Path to Conversion Leveraging Social Proof to Increase Sales THE Q4 ECOMMERCE BRAND ACCELERATOR VIRTUAL SUMMIT
  • 2. Summit Details Tuesday, September 25th 10 - 10:45 AM PT ● CPC Strategy: Maximize Conversions by Balancing Your Ecommerce and Amazon Strategy 11 - 11:45 AM PT ● Trustpilot: Optimizing the Path to Conversion Leveraging Social Proof to Increase Sales 12 - 12:45 AM PT ● Nielsen Visual IQ: Crossing the New Digital Divide: Your Guide to Marketing Effectiveness Wednesday, September 26th 10 - 10:45 AM PT ● AdEspresso: 6 Ways To Retarget Audiences Using Facebook Ads To Maximize Revenue During Q4 11 - 11:45 AM PT ● Privy: How Top Ecommerce Merchants Approach Cart Abandonment
  • 3. ● Session Recording & Slides Will Be Sent Out ● Submit Questions to Our Panelists ● Resources Available as Handouts ● Join in the Poll Question! Analicia Santaella Webinar Coordinator Today’s Logistics
  • 4. Robert Statsky Director of Customer Success Today’s Speaker
  • 5. Today’s Agenda ● What is social proof? ● Why does social proof work? ● Types of social proof ● User-generated content ● Reviews and ratings ● Case studies and testimonials ● Influencer opinions ● Badges, awards, & seals ● Live or dynamic data to increase FOMO
  • 6. We help people buy with confidence Sharing experiences builds trust and transparency We help companies harness the power of reviews About Trustpilot
  • 7. 47m+ Online reviews 1M+ New reviews every month 230K Brands reviewed on Trustpilot About Trustpilot
  • 8. The holiday season 40% of retailers experience a 48% average revenue growth during this season. Holiday sales last year increased by 3.8% compared to the previous year
  • 9. What is social proof? ● The influence that the actions and attitudes of those around us have on our own behavior ● Perfect way for marketers to utilize FOMO and build credibility
  • 10. Why does social proof work? 84% of consumers say they trust peer recommendations above all other sources of advertising. 92% of people will trust a recommendation from a peer, & 70% of people will trust a recommendation from someone they don’t even know. Word-of-mouth marketing generates more than twice the sales of paid advertising. 74% of consumers rely on social media to inform their purchasing decisions.
  • 11. Types of social proof ● User generated content ● Ratings and reviews ● Case studies and testimonials ● Influencer opinions ● Badges, awards, & seals ● Live or dynamic viewer data
  • 12. User-generated content ● Great for B2C ● Over 2 million followers on Instagram ● More sales ● A better brand-customer relationship
  • 13. User-generated content ● Great for B2C ● Huge increase in its social media following ● A great word of mouth strategy ● More traffic from social and more sales
  • 14. Reviews and ratings boost customer confidence 92% of consumers now read online reviews 88% of consumers trust online reviews as much as personal recommendations Customers are likely to spend 31% more on a business with “excellent reviews” 40% of consumers form an opinion by reading 1 to 3 reviews*
  • 15. Reviews and ratings ● Great for B2C and B2B ● Improved CTR on email ● More sales from web and Google Shopping ● More traffic and engagement from social media
  • 16. Reviews and ratings 130% increase in conversions, 315% in revenue ID Wholesaler 12% in conversions, 13% more sales revenue 16% Increase in conversions VivintRevel
  • 17. Case studies and testimonials ● Great for B2B ● Most in-depth type of social proof ● Great to use when you have a solid customer story ● Reviews can help identify customer advocates - good candidates for this type of social proof
  • 18. Influencer opinions ● Great for B2C ● Ability to gain and guide new audiences ● Social proof but instead of coming from the masses, it comes from “experts” ● Improve brand sentiment ● Demographic targeting
  • 19. Badges, awards, & seals 42% increase in conversions 72% increase in conversions 14.5% increase in conversions
  • 20. Live or dynamic data to increase FOMO ● Great for B2C ● Live data uses ‘wisdom of the crowd’ ● Usually included on product pages ● Can include time last purchased, time sensitive deals, number of visitors viewing product, buyers in the past 24 hours, etc
  • 21. SMALL TEXT STACK TEXT ROW 1 STACK TEXT ROW 2 Schedule Your 1-1 Evaluation https://marketing.trustpilot.com/septdemo
  • 22. Questions for today’s speaker? Robert Statsky Director of Customer Success