Accelerating Innovation with the 16% Rule
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The 16% Rule is a Diffusion of Innovation theory that uses consumer psychology principles to make the lead from early adopters to the mass market. These slides were presented at the 2011 ADMA Forum and The Customer Show, and explain how the 16% Rule works including examples of how it has manifested itself in the marketing strategies of innovative brands around the world.
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Accelerating Innovation with the 16% Rule
- 1. The Secret to Accelerating Diffusion of Innovation By Chris Maloney
- 2. To Do List I. Review diffusion of innovation theory II. Learn the 16% rule III. Apply the 16% rule to marketing strategy IV. Break the 16% rule
- 8. To Do List I. Review diffusion of innovation theory II. Learn the 16% rule III. Apply the 16% rule to marketing strategy IV. Break the 16% rule
- 9. Two best sellers talk about the same point from different perspectives
- 11. Consumer psychology can help us “cross the chasm” to “the tipping point”
- 14. At 16% switch your marketing strategy from generating scarcity to social proof
- 15. To Do List I. Review diffusion of innovation theory II. Learn the 16% rule III. Apply the 16% rule to marketing strategy IV. Break the 16% rule
- 17. Apple uses scarcity of distribution and information. Ever notice how they don’t advertise first generation products? Source: news.com.au
- 18. Facebook created scarcity through Harvard. Google+ used invitation only. Source: geekword.net
- 20. What bar, bottle shop or vending machine wouldn’t stock Japan’s #1 beer?
- 21. In competitive categories, sometimes being No.2 is all the social proof you need
- 22. Build social proof into your products. Simple white headphones provided observability for a new innovation.
- 23. To Do List I. Review diffusion of innovation theory II. Learn the 16% rule III. Apply the 16% rule to marketing strategy IV. Break the 16% rule
- 24. Group buying sites build scarcity and social proof at the same time. Social Proof Social Proof Scarcity
- 25. Send out advance copies to drive scarcity then ask for reviews to drive social proof. Social Proof
- 26. To Done List Reviewed diffusion of innovation theory Learnt the 16% rule Applied the 16% rule to marketing strategy Learnt how to break the 16% rule