WHAT IS SOCIAL COMMERCE AND HOW IT WORKS.


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Uploaded on Dec 15, 2020

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WHAT IS SOCIAL COMMERCE AND HOW IT WORKS.

WHAT IS SOCIAL COMMERCE AND HOW IT WORKS? What is Social Commerce? • Within internet ads, social commerce suggests buying a product from a business within the social media site itself. • Social shopping is available on Facebook as well as Instagram right now. • It's still, though an experiment that is continually changing, so it is important to do testing, study, and experiments to see how Social Commerce matches the business. Source: www.builderfly.com Why and how did Social Commerce emerge? • The first forum to explore social commerce was Facebook in 2007. • By 2014, with the purchase option, you could already order items straight from Facebook. Source: www.thenextad.com Facebook • The first test for Shoppable Advertising was introduced in 2015, and Facebook Marketplace, a website inside Facebook that competes against Amazon, eBay, and others, was officially launched in 2018. Source: www.thenextad.com Instagram • Instagram launched a little later, but now, looking at it surely has more promise. • The reason why Instagram is used by consumers is to look at pretty photos and videos, making it easy to turn interest into purchases. Source: www.econsultncy.com Twitter • April 2010: The supported Tweet presents Twitter with the first feature that could support e-commerce brands. This will turn into a suite of paid commercials later. • September 2014: The buy now button is launched by Twitter, enabling some products to be sold directly from Tweets. Source: www.chirpify.com Pinterest • June 2015: Pinterest provides the original edition of purchasable pins to allow a select few brands to add a buying button to their pins. • March 2016: Pinterest has expanded purchasable pin collaborations to make it open to many more brands. • June 2016: To make it easier for shoppers to order several items from various vendors in one go a shopping cart has been introduced. Source: Pinterest Advantage of Social Commerce • Social commerce is not only instant, but also successful. • Basically, we're reducing measures as we talk about the selling pipeline, making the buying process much smoother for the buyer, and better for the seller. Source: www.repricerexpress.com Current State of Social Commerce • As per a research • 23 percent of shoppers are affected by feedback from social media. • A purchase via social media is likely to be made by 51 percent of millennials. • 84 percent of shoppers check at least one social media platform before shopping. Source: www.thenextscoop.com Future Hold for Social Commerce? • Social commerce is an ongoing experiment that has already been tackled by many firms, so that doesn't mean you need to. • You need to do qualitative and/or quantitative analysis to get to know the prospects in order for your business to benefit from Social Commerce. Source: www.searchenginejournal.com How does Social Commerce work? • Instagram Shopping helps you to click on pictures and stories to see things that show on them. You are likely to see the name and price of the product and the ability to see it on the seller's website when you mouse over the message. Source: techjackie.com