ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

All About the Origins and Impact of the 'Wirecutter Effect' That Drives Online Consumer Behavior

The Wirecutter and TikTok have changed how people shop. The Wirecutter, founded in 2011, is a trusted source for product advice, testing items thoroughly and focusing on what readers want.
PUBLISHED APR 7, 2024
Image Source: Photo by Andrea Piacquadio | Pexels
Image Source: Photo by Andrea Piacquadio | Pexels

Social media influencers as well as popular pages are a driving force behind consumer behavior in the age of e-commerce. Among such platforms, Wirecutter has grown to be one of the US's most dependable sources for product recommendations and reviews. Retailers frequently see a significant increase in sales when one of their editors selects a product as a Wirecutter Pick because of how trustworthy it is. To gain this level of credibility, Wirecutter has spent years putting items through rigorous testing by an unbiased panel of specialists. Out of over a thousand products, their main goal is to identify and confirm the best ones, before amplifying them. Now the anytime a product experiences overwhelming demand following social media reviews, the phenomenon is dubbed as a result of the wirecutter effect.

Image Source: Photo by Andrea Piacquadio | Pexels
Image Source: Photo by Andrea Piacquadio | Pexels

Thanks to the enormous demand triggered by the wirecutter effect, prices for the X100V soared on online retailers like Amazon. The X100VI, the newest model in the X100 series, has been released by Fujifilm and is now up for preorder. Users of TikTok frequently choose the X100VI because of its small size and superior video quality. Some photographers, like Kostas Garcia, have already tested the X100VI even though it isn't yet available, and they have documented their experiences on TikTok.

Image Source: Fuji Film
Image Source: Fuji Film

Rhode: Hailey Bieber's Cosmetics Line Success Story

Rhode, Hailey Bieber's cosmetics line, is highly sought after and frequently runs out of stock, ever since it received endorsement via user reviews. For a lip balm, the brand even had over 314,000 customers on the waitlist. Rhode's astute marketing strategy is responsible for its success in the beauty business. Utilizing Hailey's widespread following and collaborating with marketing gurus such as Lauren Rothberg, Rhode deliberately employed social media to advertise not just its merchandise but also its principles, emphasizing genuineness and openness. 

Rhode's success may be seen in its sales figures, where its best-selling product, Peptide Lip Treatment, is expected to sell one million units. All of Peptide Lip Treatment's products sold out in three days of its June 2022 launch, creating a 440,000-person waitlist. Rhode went viral partly thanks to Hailey's partnership with Krispy Kreme on the "Strawberry Glaze" promotion. The collaboration, which got underway in 2021, emphasized Hailey's vision and commitment to building a distinctive brand.


 
 
 
 
 
View this post on Instagram
 
 
 
 
 
 
 
 
 
 
 

A post shared by rhode skin (@rhode)


 

Another product that became well-known on TikTok, Trader Joe's frozen kimbap is a novel offering consisting with rice, bulgogi or fishcake, omelet-style egg, pickled radish, carrots, spinach, and seaweed. People from different backgrounds tried it and shared their experiences on social media, especially TikTok, despite reservations about the texture of the contents when frozen and reheated. These positive takes triggered the wirecutter effect, and resulted in demand so high that there is a shortage of the frozen delicacy. With almost 11 million views, Ahn's TikTok video probably contributed significantly to the dish's appeal.

Image Source: Exterior of Trader Joe's grocery store with parking lot and flower display |Photo by Smith Collection Gado | Getty Images
Image Source: Exterior of Trader Joe's grocery store with parking lot and flower display |Photo by Smith Collection Gado | Getty Images

TikTok's FYP (For You Page) algorithm, according to trend forecaster Coco Mocoe, favours products with high engagement, instilling a sense of urgency and a desire to buy before it's too late. This tendency is also influenced by shifts in our online buying behaviours and production slowed down during the pandemic. However, particularly for smaller firms, viral success isn't always a sure thing. For example, restaurants may face difficulties coping with unexpected internet celebrities, like large crowds and hard-to-accommodate menu hacks.

MORE ON MARKET REALIST
Some fans were not too let down as the player didn't figure out the puzzle anyway.
42 minutes ago
Corey Harrison was scared to death of how his father would react if he found out what went down.
1 hour ago
Fans were not happy with the result as there had not been a Bonus Round winner in ages.
21 hours ago
Contestants' reactions are often charming for viewers who are already impressed by their performance.
22 hours ago
The guest was emotional as he spoke about his grandparents, who owned the items before him.
1 day ago
Groans of disappointment echoed throughout the studio as the game came to its end.
1 day ago
The guest high hopes of earning a five-figure sum but his lack of proof cost him dearly.
1 day ago
The cleaners must have had the best time after this entrepreneur left the stage.
2 days ago
The shark did his best not to shed a few tears as he shared a beautiful moment with his wife and kid.
2 days ago
The host started pointing fingers at the astrophysicist and promised retribution when the time came.
2 days ago
Harrison wasn't too impressed with the piece of rusted metal right from the start.
2 days ago
The embarrassing and chaotic part of the episode was not aired in the final cut.
3 days ago
The guest was quick to give a valuation once it was confirmed that they work.
3 days ago
The woman got a lot of support from fans, and something unexpected happened.
3 days ago
The founder had lost a lot of money due to bad decisions before and did the same again.
3 days ago
Contestants do tend to commit blunders under pressure amidst the energy on the set.
3 days ago
His father was not happy that he overpaid and made it crystal clear to him later on.
3 days ago
They called their product the future of real estate, and almost every single shark bought into it.
4 days ago
Rick Harrison has been wrong about some items in the past, and once even doubted himself.
4 days ago
Fans of some shows can be quite brutal in their assessment and they don't shy away from expressing it.
4 days ago