Having been featured as a 30 under 30 most important women on numerous occasions in recent years, having won numerous awards as a female in the technology industry, and having created a company with an estimated value of over $1 billion, the CEO of the dating app Bumble has continued to succeed tremendously with no signs of slowing down. For those who do not know the founder and leader innovator of this rapid growing dating service, it is none other than businesswomen Whitney Wolfe Herd. To further understands the success that Whitney has had so far and is continuing to achieve, here is more on the extraordinary Whitney Herd.
Whitney Herd was awarded as one of the most influential Women under thirty years of age by Business Insider in 2014 and deservedly so. A few years later in 2016, Herd was named as a women in tech by Elle, a prestigious award for women in the tech industry. In fact, a few years after that in the years 2017 and 2018, Herd was also awarded as one of the most influential women under the age of thirty for the second and third time.
Born in Salt Lake City, Utah, You can say that Wolfe was destined to be successful. Growing up with fortunate estate developers with her parents, Whitney grew up with a house full of potential as she would be given opportunity after opportunity that she would take advantage of. After attending the Southern Methodist University where she would study as an international studies major, Whitney would find her passion for business while in college selling tote bags and profiting well off of doing so. During this time, Whitney would also partner with distinguished individuals setting up business organizations and continuing to advance and enhance her business skills.
After her college years and her service in the field of business for a few short years, Whitney Herd would find herself with an opportunity to create a dating service with her business partner Andrey Andreev. With some patients, sacrifice, and dedication, Whitney would soon create the popular Bumble dating service that she is well known for in Austin, Texas. In the few short years after int creation, Bumble would reach millions upon millions of downloads and members growing at a rapid pace. In fact, Whitney believed in her creation so much that she once turned down an offer for the service for around $450 million. As it turns out, that proved to be a great choice as bumble is estimated to be worth in the billions of dollars.
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Consumers are shifting attention from what the seller says the product is to what the customer means. Crowd-sourced reviews tend to influence the decision of the buyer and again make them feel comfortable with the product as if it has been recommended by someone close to them. Fabletics has experienced the effect of the crowd or user review. Fabletics was launched in 2013 and has grown by over 200% making more $235 million in revenue. Reports are a powerful marketing tool and can both attract customers, retain, or even improve their loyalty to a given product.
Trust: most customers crowdsource their purchase decision, they spend time researching the product and going through the review. BrightLocal Study in their recent research found out that 84% of consumers trust online review and they no longer consider old marketing strategies to be effective. Peter Holten Trustpilot CEO and Founder said that the crowd feedbacks are now safer, trusted and influential and one can rely on them for authentic information.
Regular use: The percentage of customers who research business monthly has gone up by at least 23%. The other 50% frequently read reviews and with 60% saying that negative reviews have caused them not to buy a given product. Businesses with an excellent reputation tend to make more sales than the ones without.
There has been an increase of 70% on the brands that include user review on their websites since 2014. User review has experienced drastic growth. Many consumers click on a product to compare the reviews as opposed to comparing the price.
How Powerful is Authentic Review?
Positive, authentic reviews help a brand to move up the Google search rank quickly. Research done by Firm L2 found out that those businesses with numerous reviews on several e-tail sites tend to get higher ranking as opposed to those with fewer reviews. Many consumers will decide to buy a product after reading the reviews hence leading to more revenue. Businesses with reviews are 17% likelihood of making sales as opposed to those without.
Fabletics collects and responds to thousands of customers reviews and even make some part of their forum. Fabletics understand the theory that review leads to repeat customers. Roughly 85% of their customers are repeat customers with only 17% being new customers. Crowdsourcing dictates businesses to be transparent and customer-centered.
About Kate Hudson
Kate Hudson significantly contributed to the success of Fabletics. Fabletics as established in 2013 as a fashion-forward athleisure brand. The company that started so little has for four years grown, and its current worth is $250 million. Kate was the first person that was brought in the company because she represented the real picture of what the shareholders wanted the company to be.
Fabletics president Gregg Throgmartin said that Kate was involved in establishing the company from the beginning. Kate is a celebrity who used the product that she endorsed and promoted. Kate could use the work out right from the Fabletics as a way of promoting the business. Kate later collaborated with a company that had enough experience on online fashion a move that positively contributed to the growth of Fabletics.
Bumble CEO and founder, Whitney Wolfe, got married to Michael Herd in Italy on September 2nd 2017. Whitney and Michael Herd met on February 14th 2014 in Aspen. They got engaged in July 2016.The wedding took place at the Villa Treville, which is in a village on the Amalfi Coast. Pictures of the glamorous event flooded various social media platforms including Facebook and Instagram, with the hashtag #homeiswheretheherdis trending for days. Whitney rocked a beautiful gown designed by Oscar De La Renta. She later changed into a breathtaking silky dress for the reception. Everything about the wedding was absolutely stunning, from the décor to the well done single-tier cake.
Whitney Wolfe founded Bumble in 2014 to enable women to be in control in the dating scene. On the dating app, women are the ones who make the first move, and this is what makes it stand out from other dating apps. Because of this, it is known as a feminist dating app. The headquarters of Bumble are in Austin, Texas. It has been a success so far and continues to grow in leaps and bounds. One thing that has made it such a popular dating app is the fact that it tries to get as much informationas possible about its users in order to match them with people who are compatible with them. It caters for heterosexual people as well as homosexual people.
In 2016, Bumble launched BumbleBizz, a career networking platform. They also launched Bumble BFF, which enables users to find friends on the app. This was due to popular demand for the services. Bumble continues to stand out from other dating sites due to its commitment to meeting its users’ needs. It is flexible and tries to accommodate the unique needs of all its users, beyond just their dating needs. Whitney has received several awards for her achievements including a 2014 Business Insider award and a 2016 Elle award. She was also on the 2017 Forbes list for top 30 under 30.
Whitney Wolfe truly deserved the fairytale wedding she had. Her commitment to ensuring that people find partners they are compatible with has seen many people find their soul mates through Bumble. Michael Herd is lucky to be married to a woman with so much passion for what she does. Clearly, they will not need Bumble or any other dating app for that matter anymore.
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