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Subscribe | Advertise Imagine this… You’ve been on LinkedIn for 14 months—and have 242 followers to show for it. That wouldn’t be so gut-wrenching, except you’re doing everything “right.” → You have a “content bank” of ideas you think will resonate with your audience. → You post daily. → You comment on other people’s posts. But while other account grow bigger and bigger... you struggle to get an average of two new followers a week. Worse than that? Even that Axe-wearing jerk from high school has over 150,000 followers and a beach house in Malibu. Meanwhile, you’re lucky to sell your $27 product once a month. You’re sick of trying so hard for so few results, so you find a service that will give you 10,000 new followers instantly—for a fee. You view it as the key to finally jumpstarting your follower count—and bank account—so you type in your credit card info and snag your new followers. But after a few weeks, you’re devastated to see your engagement rates and sales haven’t grown at all. Why did inflating your follower count *not* lead to more sales? In today’s edition of Why We Buy 🧠 we’ll explore Goodhart’s Law—why we can sabotage our goals by focusing on the wrong metrics. Let’s get into it. 🧠 The Psychology of Goodhart’s Law Economist Charles Goodhart introduced Goodhart’s Law with this statement: “When a measure becomes a target, it ceases to be a good measure.” This is seen in academia, where “publish or perish” has shifted the focus from producing meaningful research to publishing as many papers as possible. Researchers explored this phenomenon, analyzing more than 120,000,000 academic papers spanning the last century. Here’s what they found:
These trends reveal that measures of academic success—like publication counts and citations—have morphed into targets. The result is an emphasis on quantity over quality. In marketing, this is why overemphasizing vanity metrics like followers, likes, and even short-term sales can derail long-term success. It might even lead to the Ostrich Effect when you see your bank statement. 🤑 How To Apply This Alright, so how can you apply this right now to sell more? Personal development When writing his book, Jason Feifer, editor-in-chief of Entrepreneur magazine, *didn’t* aim to land on the New York Times' Best Seller list. Why? Because that goal relies on the actions of other people—not on something he could control. So he redefined what success looked like. Many would feel deflated after pouring so much time and energy into a book only to have it *not* end up on the coveted best-seller list. But Jason nailed his goals, so he walked away feeling proud of his work. Wanna see your brand here? Advertise with us Launches When Amy Porterfield does a launch, she sets three goals: good, better, and best. Each goal includes a revenue number, but it also has a deeper, defined purpose—whether to move you in the right direction or challenge yourself. So instead of feeling like a failure if you don’t hit the “best” goal, you’ll still walk away from the launch feeling accomplished—as you should. Hot take 🔥: Having a gazillion followers doesn’t mean anything if those followers don’t intend to buy from you. When Eric Partaker enrolled in the first cohort of the UNIGNORABLE challenge, he wanted to build an audience of future buyers. And it worked. Eric built an audience of over 880,000 on LinkedIn. But more importantly, he also 3X'd his coaching fee and launched new, highly scalable group coaching programs. Well done, Eric 👏 💥 The Short of It When you make a measure a target, you risk distorting what it’s actually supposed to measure. That’s why you should focus on creating quality and lasting impact over chasing arbitrary numbers. Your audience, reputation, and bank account will thank you. With ❤️ from Katelyn and Jordyn |
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Subscribe | AdvertiseJoin 63,553 smart people Brought to you by Tapistro 🤔 Did you know... In their attempt to do what no NFL team had ever accomplished—win three Super Bowls in a row—the Kansas City Chiefs didn’t just lose Super Bowl LIX.They got blown out by the Philadelphia Eagles.Keep reading to find out why talking heads and fans were so certain the Chiefs would win their third Super Bowl—despite the odds *not* being in their favor. 🏈 Read time: 2.9 minutes ⚡ Your GTM workflow needs more...
Issue #009 • 1 min 51s FYI: You just read an issue of my new newsletter, UNIGNORABLE. Don't worry.You'll still get Why We Buy too. (If you don’t want to receive this, unsubscribe here) I find it absolutely fascinating that companies never challenge how we're going to be effective at driving revenue until things are going wrong. Chris Walker If you aren’t challenging the status quo, you’re missing a powerful opportunity: naming the problem your audience cares deeply about and positioning...
Issue #008 • 2 mins 02s FYI: You just read an issue of my new newsletter, UNIGNORABLE. Don't worry.You'll still get Why We Buy too. (If you don’t want to receive this, unsubscribe here) Living the life we want requires not only doing the right things; it also requires we stop doing the wrong things that take us off track. Nir Eyal, Indistractable: How to Control Your Attention and Choose Your Life If you think you need to stake your personal brand on a single idea forever, you're leaving the...