Transactions Are Becoming Social Objects

A receipt is a written acknowledgment that money has been collected for the purchase of goods or service.

originally, the function of the receipt was largely managerial. After a sale
was made, the receipt established time of customer arrival, kept record of the
inventory, enhanced fraud protection, helped reconciled financial statements
and stopped employees from pilfering company profits.

But that was over a hundred years ago.

Now, the receipt is less of a static record and more of a
sharing device.

When our favorite band releases a new album, we don’t just go
to iTunes, pay our ten bucks, download the files, stick our ear buds in and
start rocking out.

We share.

And the receipt, the record of that purchase – a picture, a
link, a tweet, a status update, a wall post or a check in – becomes the social
object that tells our relevant network, hey everybody, I’m listening to this
music right now and I want to share it with you so we can experience this
moment together.

The receipt becomes, as Brian Solis suggests, a platform for
extending experiences.

Paying is just the beginning. Transactions are becoming
social objects.

It won’t work for every product. And it won’t work for every
customer. But for the brands that dare to expand their definition of what a
receipt can become, look out.


Daily updates straight to your inbox.


Author. Speaker. Strategist. Songwriter. Filmmaker. Inventor. Gameshow Host. World Record Holder. I also wear a nametag 24-7. Even to bed.
Sign up for daily updates


Daily updates straight to your inbox.

Copyright ©2020 HELLO, my name is Blog!