So, I had bought some power tools online from PropertyRoom.com
last week. It was my second purchase from the site,
and overall I think they do a good job of running an online auction platform.
It's not terribly sexy -- but it works.
The experience got me thinking about the power of two key game mechanics: PvP (player vs. player) competition and time sensitivity -- how
they can be leveraged across interactive experiences to:
A.) Drive engagement
B.) Raise the stakes for this engagement, resulting better
monetization
As every merchant knows, there is nothing better than a
competitive bid to jumpstart the limbic brain -- and drive up the price of a
given item. From my perspective, PvP
competition in an auction is a series of discreet moments (facilitated by key
touch points) that promote a win at all costs, zero-sum mindstate.
Step 1.) Existing
bids -- X number of people want it. I
want it too.
Action: Let’s add it to my Watchlist.
Step 2.) New bidding
activity -- (currently communicated via email communications, could be improved
with push messaging with a native App) – each update creates more visibility
for bidding activity.
Action: Return to site / platform.
Step 3.) Closing
moment -- while the site enables proxy
bidding, the combination of the countdown clock and the anticipation assures
the customer will return to the product page, if they are able.
Action: Return to site / platform / bid or raise bid
Step 4.) Final
close -- the cliffhanger. Did I
win? Did I wager enough? Suspense (don’t underestimate the importance
of this emotional beat…)
Action: Bid or raise bid
Step 5.) Auction
won! Confirmation and endorphine release
(& small pang of buyer's remorse).
A quick look at this consumer flow shows several ways it can
be optimized and / or improved (better UI to emphasize the key data points
necessary to fuel engagement, a native app with push messaging, bid alert
settings for frequency, timing and price, etc.)
But it works because the basics of competitive play are upheld.
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