"Money" vs. "Rewards," revisited... How Words are Spells and Hold Power by denmarkguy

steemit · @denmarkguy · May 21 '17

$11.05

"Money" vs. "Rewards," revisited... How Words are Spells and Hold Power

<html>
<p>A few days back I wrote a piece about marketing Steemit to potential newcomers, entitled "<a href=" https://steemit.com/steemit/@denmarkguy/marketing-steemit-the-importance-of-getting-rewarded-vs-making-money"><strong>Marketing Steemit: The Importance of 'Getting Rewarded' vs. 'Making Money'</strong></a>"</p>
<p>
<div class="pull-left">
<p><img src="http://i.imgur.com/JkgAcBY.jpg" alt="Mill" /><br />
<em>What makes the world go around?</em></p>
</div>
</p>
<p>A fairly lively discussion followed in the comment section, and I wanted to take a moment to share a quick story and revisit the strange ways people can react very <em>differently</em> to words that almost mean the same thing.</p>
<p>In its simplest interpretation, we "<em>get rewarded</em>" on Steemit, which basically means we are "<em>making money.</em>"</p>
<h2><em>But it not that simple.</em></h2>
<p>Most people would agree that rewards and money are pretty close ideas, but they would <em>also</em> agree that the two words hold <em>different</em> energy.</p>
<p>"<em>Make Money</em>" is a pretty cold, sharp, hard and dry idea. It's pretty <em>feelingless</em>, all in all. It's very <em>factual</em>; very functional.</p>
<p>"<em>Get rewarded</em>" is a much "<em>warmer</em>" phrase. It's also more ambiguous. When we earn a <em>reward</em> there is often a "<em>warm fuzzy feeling</em>" that goes along with the reward; there's a sense that we get a "<em>prize</em>" and it was for some version of "<em>doing good.</em>"&nbsp;</p>
<h2><em>A Story of the Power of Words</em></h2>
<p>I remember being "<em>front and center</em>" to a marketing experiment, many years ago.</p>
<p>When I lived in Austin, Texas a friend of mine was working at building business for a local restaurant that had opened recently. My friend worked for a radio station, and two approaches were used, a couple of weeks apart.</p>
<p>In one campaign, <em>the first 98 people</em> to respond were given <em><strong>$10 cash</strong></em> towards their dinner at the restaurant, when they came in as part of the radio station promotion.</p>
<p>
<div class="pull-right">
<p><img src="http://i.imgur.com/tGpQTeU.jpg" alt="Flowers" /><br />
<em>Blooming shrub at my parents' house</em></p>
</div>
</p>
<p>In the other, t<em>he first 98 people</em> to respond were given a <em><strong>$10 gift certificate</strong></em> towards their dinner at the restaurant, when they came in.</p>
<p>On paper, it looks the same: you save $10 on your dinner... right?</p>
<h2><em>But the responses were quite different.</em></h2>
<p>The respondents who were offered the <em>$10 cash</em> incentive filled the "<em>first 98</em>" spots <em>much faster</em> than the gift certificate version. What's more, the "<em>overflow</em>" people <em>(after the 98th person)</em> were far grumpier <em>(and even ANGRY)</em> at not getting "their" $10. The gift certificate crowd were much more "easy going" about missing out.</p>
<p>However what was even <em>more</em> interesting is that the <em>ratings</em> given of the restaurant during brief "<em>exit interviews</em>" was <em>consistently lower</em> with the cash winners than with the gift certificate winners.</p>
<p>Even though-- ultimately-- people received the exact same benefit!</p>
<h2><em>How does this relate to telling people about Steemit?</em></h2>
<p>In my non-expert, non-scientific opinion, it seems to me that characterizing what we do here as "<em>getting rewarded</em>" rather than "<em>making money</em>" serves a secondary benefit of instilling a somewhat higher level of "<em>goodwill</em>" in new arrivals who give us a chance. <em>Goodwill</em>, in turn, benefits the community in terms of long-term retention and community growth.</p>
<p><em><strong>What do YOU think?</strong></em> Did the outcome of the restaurant marketing experiment surprise you? Does "<em>make money</em>" feel different to you than "<em>get rewarded?</em>" Leave a comment-- start the conversation!</p>
<p><em>(As always, all text and images by the author, unless otherwise credited. This is original content, created expressly for Steemit)</em></p>
</html>

👍 thejohalfiles, carrinm, michaeldodridge, dreemit, mata, stevescoins, svamiva, jsantana, kotturinn, samstonehill, mammasitta, inber, rynow, becerra18, sv67216721, coininstant, jlufer, old-guy-photos, animal-shelter, crok, benjamin.still, bitcoinparadise, sature, wordsword, creationofcare, jennmariewrites, masteryoda, lfoote, dlr, aismor, elfwny, carloserp2000, daniel.dalo, troyvandeventer, abcd

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@arthursen · May 21 '17

$0.04

No the outcome did not surprise me. Yes the two phrases feel different, 'money' makes people think of cash in hand. Reward makes people think of some type of prize, it's kind of baked into the language for them to mean slightly different, good read, thanks.

👍 denmarkguy

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@denmarkguy · May 22 '17

Yes, "money" is very concrete and tangible. "Reward" is a pretty flexible idea.

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@attratsuccess · May 22 '17

$0.04

LOVE the Oleander. Show me the money-- there's no debate.

👍 denmarkguy

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@denmarkguy · May 22 '17

Thanks-- nature photography is one of my favorite "diversions." For me, "it depends." Like the restaurant case... $10 less for the meal is fine, no matter how that arrives. Similarly, if I was at the supermarket and got a choice between $50 and the same amount in groceries, again I would have no attachment.

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@creationofcare · May 22 '17

$0.03

Excellent post, as per usual.  I have so many thouhts about this, i need to write it out :)

👍 denmarkguy

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@denmarkguy · May 22 '17

Thanks!

👍 creationofcare

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@jae5086 · May 22 '17

$0.04

Ultimately "making money" is very specific in its motivation, while "getting rewarded" leaves open the chance for other intrinsic characteristics such as the dopamine rush you get when you see your post gaining value.

👍 denmarkguy

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@denmarkguy · May 22 '17

Very good point! And it's also part of the seeming "magic" that somehow allows Farcebook to keep its billions of users... that little "rush" people get with they get another "like" on the photo of their taco... it can be quite addictive to some.

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@animal-shelter · May 22 '17

$0.03

"getting rewarded" rather than "making money"... I like it...But I must think about it more to make my opinion. Thank you!

👍 denmarkguy

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@denmarkguy · May 28 '17

Appreciate the comment... it was just a post I put out there for people to "think about it."

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