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Neil Patel

How to Stop Potential Customers from Comparison Shopping

Neil Patel

Every business owner, online or offline, suffers from a problem that decreases sales, narrows margins, and reduces revenues.

The problem is comparison shopping.

Think about the last time you were considering a purchase. You probably checked out several different places in order to find the best options, the best prices, and the best guarantee.

Your potential customers are doing the same thing!

Today, I’d like to show you how to minimize, or possibly even prevent, this comparison shopping so that you can increase the number of customers you acquire without decreasing your prices.

Let’s get right to it.

#1: Exploit the “mere-exposure” effect

The mere-exposure effect is a psychological phenomenon that can be used in advertising. It refers to the fact that people tend to develop a preference for things merely because they are familiar with them. In social psychology, this effect is called the familiarity principle.

It’s also the main power behind branding. Big companies spend millions of dollars every year looking for “exposure.” They want to implant themselves into the minds of consumers. They want to be thought of first any time a consumer thinks about a product in their genre.

For example, I say “soft drink” and you think …

Coke, right?

That’s the power behind branding. Unfortunately, it takes many years and millions of dollars’ worth of advertising to achieve that kind of recognition.

To expedite the process while getting money upfront, here’s what you do:

Think of at least five different places where you can get yourself in front of potential customers while still making money. Here are a few ways to do that:

  1. Publish articles on a large variety of other websites (as I am with this guest post)
  2. Spend money to raise your SEO rankings so prospects find you when performing searches
  3. Retarget visitors based on their behaviors on your website so you can “follow them around”
  4. Spend the time and money to find profitable paid traffic campaigns, using various vendors (Google, Bing, Facebook, etc.)
  5. Think about using other media such as SMS messages, voicemail broadcasts, newsletters, and direct mail

You don’t have to do all these at once. Make your own list, prioritize it, and start implementing the items one by one. Use as many of them simultaneously as you can so that every time your prospect is participating in an activity associated with your area of expertise, they will see your business. Within a few months to a year, you’ll be “everywhere” and you’ll be taking full advantage of this incredibly powerful psychological principle.

#2: Survey to find out why people chose you

When I begin work on a new project, I always start by presenting a survey to prospects and customers.

There’s a good reason for that.

Surveys help you uncover marketing gold. It allows your customers to tell you exactly how to sell them.

You’ll be able to uncover their fears, find out why they didn’t buy from you, discover what did make them buy from you, learn what they think about your competitors, identify what products/services they’re looking for, and anything else you want to know!

There are many different ways you can survey your audience. For example, you can create surveys …

I’ve personally used surveys for all three. Before creating your survey, just take a minute to think about why you’re building the survey.

Is it to improve your sales pages? Create new products? Improve the ordering experience? Find your customers’ biggest frustrations? Judge how you’re competing against your competitors?

Keeping in line with the topic of this article, you might use a survey to find out specifically what appeals to your customers. When you find out why they bought from you instead of your competitors, put that information directly into your sales messages! It will resonate with future prospects and increase your conversions and sales.

#3: Prepare comparisons for your prospects

Whether you like it or not, people are researching your company and comparing it with your competitors.

The problem with this is that the information they find isn’t always tweaked in your favor.

And, as you know, not everything you read online is true.

So instead of letting your potential customers be guided by the Internet gerbils, do the research for them and show them — on your website (or offline) — how you stack up in key areas.

Two great ways to do this are through comparison charts and FAQs.

Here’s an example of a comparison chart a client of mine uses, which accurately portrays the product being sold as the best choice for the person viewing the page:

Including this in your FAQs is easy. Simply add a question asking, “Why should I choose your product over <insert competitor>?”

Then, answer the question.

Now, what kinds of results does this get?

Obviously, every person implementing this strategy will see different results. However, from my experience in my own business, side businesses, and conducting conversion rate optimization for clients, I’ve seen a general increase of 15% – 20% by adding either of these to the main sales pages.

(I’ve never tested adding both at once.)

To get the best results, I’d recommend following these guidelines:

By the way, I recently created an entire “Why Us” page for a client who had so many differentiating factors, it was warranted.

#4: Write “smarter” copy

Writing more engaging (what I call “smarter”) copy can make an incredible impact on your conversion rates because it sells the prospect there and then, stopping them from even beginning the comparison process.

Here are a few ways to do so:

People sometimes complicate the process of copywriting. It’s not complicated. Yes, there are more advanced techniques I use in my writing, but I’m a trained copywriter. If you aren’t, and you’re doing your own writing, just focus on being yourself and relating to your audience. The rest will flow naturally.

#5: Provide more proof

The reason people comparison shop is because they want to find out which product/service is going to give them the best chance of getting the best results.

If you want to stop people from comparing, give them overwhelming proof that you will give them the results they’re after. It’s as simple as that! Here are some ways to do that:

The most obvious way is to use case studies/testimonials. Provide reviews by previous buyers who explain their successful experiences with your product. These stories can work because people like to do what others are doing. Be sure to furnish at least four or five reviews to increase the chances that potential customers will see someone they can relate to in one of them.

You also can use technical jargon. Imagine you walk into a party and strike up a chat with a random person. As you ask them about their job, they begin talking to you in language you can barely decipher. You have an idea of what they’re talking about, but obviously their comprehension of the subject is far greater than yours.

Would you instantly think that person was an expert in their field?

Of course!

One of the best ways to increase sales is to speak to your prospects in a very casual, easy-to-understand language. However, you can add a little spark to the conversation by interlacing that with technical jargon they might not understand, simply to prove your comprehension and authority in the subject.

Here’s a quick example of the copy I created for the client with the comparison chart on krill oil in Section 3 above.

“Our krill oil is then quickly captured and secured in an airtight capsule, using our proprietary capliques™ technology. These capliques™ work in two unique ways …

1) Proprietary Sealing – Capliques™ use an innovative band-sealing technology which minimizes leakage and prevents odor. It also utilizes a proven application that is more natural and doesn’t require additional fillers or binders.

2) Advanced Delivery System – Capliques™ provide a quadruple benefit by utilizing a two-phase delivery system which simultaneously requires less excipients, limits oxidation, improves bioavailability and increases absorption rates. Plus our time-release capsules release the krill oil slowly so you get maximum absorption and longer protection.

By using this sealing and delivery system and combining it with the most potent blend of krill oil we’ve come across, you get better results at a cheaper price.”

Notice how it mixes technical jargon with simple language that is easy to understand? That’s what you want to strive for.

Conclusion

We covered a lot today. Some suggestions will resonate perfectly, while others will not apply. All of them are extremely effective.

Which one of these will you implement first?

About the Author: Jeremy Reeves is a sales funnel specialist. He helps his students and private clients build advanced, automated sales funnels to increase revenue and stabilize cash flow while building trust and credibility.

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