'Best Seller' vs. 'Top Rated' which is better?
Ever thought about slapping a "Top Rated" or "Best Seller" label on your best products to boost sales? Well, you shouldâbut which one works better? Let's break it down.
TL;DR đŻ
Here's the skinny: If you want to make the most out of social proof (like showing that people love your product), lean towards labels like âTop Ratedâ or âMost Liked.â Especially if your audience is in interdependent cultures (think Asia, South America, the Middle East).
For North America and Europe, both âBest Sellerâ and âTop Ratedâ work equally well. But if youâre selling globally, use the âTop Ratedâ label to cover all bases.
Wait...but why? đ¤
Hereâs where it gets interesting. Cultures differ in how they perceive social proof:
- Interdependent cultures (e.g., India, Brazil): People value the opinions of others a lot, like a LOT. Labels that show a product is âTop Ratedâ or âMost Likedâ trigger that conformity itch. It's not just that they want whatâs popular; they want whatâs loved.
- Independent cultures (e.g., US, UK): Folks tend to buy what they likeâstraightforward. So âBest Sellerâ or âTop Ratedâ doesnât make much of a difference here. They see both as a thumbs-up from the crowd.
Supporting evidence đ
Research across 8,769 brands and 1,800+ products shows that:
- In India, labeling a tablet as âTop Ratedâ made shoppers willing to pay 28% more. For Americans? Meh. No difference.
- South Americans with more interdependent personalities were willing to pay nearly 30% more for a âTop Ratedâ Starbucks gift card.
- Interdependent people are ready to fork out extra for well-rated products. Theyâll spend more time checking out the product info and are likely to pay more.
Why it works đĄ
Simple: Belief drives behavior. In interdependent cultures, people follow what others doâbut they know those decisions are often influenced by trends or social norms (like everyone buying a black iPhone). So they pay more attention to labels showing what people liked (not just what they bought).
In independent cultures, if they like it, they buy it. So both âTop Ratedâ and âBest Sellerâ are interpreted similarly.
Gotchas to keep in mind â ď¸
- We donât know if combining both labels (like âTop Ratedâ AND âBest Sellerâ) will have a compound effect.
- This data is all about physical products. For digital stuff (like subscriptions or software), the jury's still out.
- The focus was on top products only. If you have a product thatâs not a best-seller but has great ratings, emphasizing âTop Ratedâ could be a game-changer.
How to make it happen â
- Use the right label: Highlight customer love with labels like âTop Rated,â âMost Liked,â or âMost Popular.â Especially key for interdependent markets.
- Go global with âTop Ratedâ: If you sell to both interdependent and independent cultures, stick with âTop Ratedâ for a universal appeal.
- Feature filters: Let your customers filter and sort by ratings and sales. Give them the choice.
- Display sold-out items: It might seem counterintuitive, but showcasing sold-out options can actually boost willingness to buy.
So there you have it. Want to be the hero of your own story? Slap on those âTop Ratedâ labels and let your sales tell the rest!
Want to learn more? đ¤
If you want to learn more about this topic, you can dig into the nerdy details in the original marketing study.
Quote of the week đŹ
"People buy what's popular, but they pay more for what they love."