Online shopping received a serious bump in 2020. So did its offshoot, social commerce. In fact, among the strongest trends in the e-commerce industry, making purchases from social platforms seems to be the one to watch due to its projected year-over-year sales bump of 35 percent.
It only makes sense that people would start using social media to not only find and explore items, but also to buy them. After all, social platforms such as Snapchat and TikTok have taken on a digital “hangout” role, especially for younger audiences. Being able to snag a deal without leaving a favored platform removes barriers and increases convenience.
Social commerce isn’t just attractive because it’s easy for consumers, though. It’s also exciting because it can replicate the feelings elicited during in-store shopping — but virtually. Consumers can interact with brands in real time through likes, comments, direct messages (DMs) and chatbots. They can also share their “finds” with followers, creating opportunities for retailers to enjoy organic cross-pollination.
From the retailer’s perspective, social commercemakes just as much sense — particularly for companies in tangible product categories like electronics, apparel, home decorations, jewelry, and cosmetics. Why? The business basically has a built-in pipeline to consumers without the need for a physical location. Additionally, most brands already have a social presence. Therefore, adding social e-commerce into the mix by using Facebook Shops, Instagram Shops, or a third-party integration doesn’t involve a giant leap or learning curve.
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Nevertheless, brands shouldn’t underestimate the need to map out their social commerce strategies. Those new to this burgeoning e-commerce trendwill want to apply several best practices to drive conversions:
Neither social media nor e-commerce are going anywhere. How could they? The internet is where plenty of people spend hours each day. Brands that live alongside consumers on social can position themselves to better woo shoppers interested in making digital purchases, not to mention stay on the leading edge of a billion-dollar e-commerce trend.
This article was originally published at Mytotalretail.com, by author Elise Stieferman. Original article >>
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