
7 Proven Strategies For Increasing Social Commerce Sales
More
people than ever before are shopping online. By 2023, online sales will account
for 22.3
percent of total retail sales. Using social
media to engage customers and establish an authentic brand is essential to
e-commerce. However, social media
marketing can now exploit its ecommerce market: social commerce.
If
you're a frequent social media user, you've seen conventional social media ads
with an integrated link to the product page. Unfortunately, the extra seconds
of irritation that a buyer encounters when being redirected to an ecommerce
site can be enough to turn off captive audiences.
Social
commerce creates shopping experiences without ever leaving the app. No, they
aren't talking to a landing page or website and are buying something from your
post on their preferred social media app.
What Exactly Is Social Commerce (And How Does It Vary From Ecommerce)?
People
sometimes confuse ecommerce and social commerce because both are related to
social media marketing. In truth, ecommerce and social interaction are two
distinct sales methods.
Ecommerce
refers to traditional internet shopping, and it is the
process of generating leads and converting them via online commerce. Whether
your customers buy in an app or on your website, the marketing
strategy focuses on getting visitors to your website, landing page, or
product page to increase sales and generate conversions.
Social
media marketing is all about showcasing your items, engaging customers, and
driving traffic to your website or landing page where buyers may buy. While
social media use for marketing and engagement, the purchasing process takes
place on the retailer's ecommerce website.
Social
commerce combines ecommerce and social media marketing by selling things
directly on social media. Instead of using company social media accounts
only for user engagement, social commerce enables firms to capitalize on their
captive audience by incorporating shopping capabilities into their postings.
Social commerce is currently worth $89.4 billion and anticipates to increase
to $604.5 billion by 2027.
Before
social commerce, the ecommerce customer journey looked like this: You were
scrolling through social media when you came across a cool t-shirt. You clicked
the link to the company's product page and proceeded through a lengthy checkout
process that entailed handing over personal information to a business you'd
only met.
Your
complete shopping experience takes place on social media platforms with social
commerce: You see that cool shirt you have to have, so
you tap on it and go to the in-app checkout. Your payment information,
including your desired payment method, is entered into the appropriate fields.
You press the "purchase now" button, and your shirt is on its way!
Here's How To Boost Social Commerce Revenues
Several
social apps allow businesses to transact within their app without having to
click on any external websites. In-app shopping experiences are available on
Instagram, Facebook, and Pinterest. More firms are catching on and providing
straightforward social commerce shopping experiences to customers wherever
possible.
Want
to stand out in the burgeoning world of social commerce? Here are some
tried-and-true methods for increasing social commerce sales:
1.
Determine Your Most Popular
Social Channels
Marketers
should first determine which social media outlets are most popular among their
target customers to take advantage of
social commerce. While it may appear to be a better idea to play the
numbers game and sell your brand across every social media outlet imaginable,
you will waste time developing content for individuals who aren't interested in
your items.
Concentrate
on two or three of your top social media channels to maximize your social commerce
efforts. Inquire with your marketing staff about which social networks generate
the cash flow and where your postings receive the most
excellent attention. Then, poll your audience to find out where they like to
see your posts.
2.
Make Your Posts Available For Purchase
To
engage in social commerce, you must make your posts shoppable. A shoppable post
is a social media post that allows users to tap a featured item and make an
in-app purchase. Social commerce enables audiences to purchase from companies
straight from their favorite social media platforms. Audiences can become
customers in seconds instead of seeing your goods in their feed and traveling
to your website to checkout.
You gain access to a captive audience when you make your content shoppable. According to Facebook Insights, 81% of customers conduct product research on Instagram and Facebook before making a purchase. Why not make it easier for them to buy when they're already in the mood to shop?
3.
Don't Underestimate The Persuasive Power Of
Social Proof
Customers
use social proof to determine whether your marketing messages are genuine by
gathering information from your online presence, user reviews, product ratings,
and how others talk about your business on social media. The more favorable
your brand reviews, the more likely your audience will trust you when you make
product promises in your social media postings.
If
your products have few evaluations, solicit feedback from your customers.
People unfamiliar with your brand anticipate 100 user reviews for each purchase. Reviews represent
what the majority of your consumers think about your items and how well you've
created your brand with a diverse customer base.
4.
Change Your Approach To Social Customer Service
Customers
who visit your ecommerce site and have inquiries about a certain product can go
to the "contact us"
area or utilize your chatbot to submit an inquiry. What about your social
commerce clients? It would be inconvenient for them to ask a question on your
website; thus, they will most likely expect some social
customer care.
Brands
must embrace social media messaging to answer inquiries and solve customer
problems to provide a smooth customer support experience. Depending on the
organization's size, you may answer these questions manually or have a chatbot
do it for you. This way, external links, and needless friction do not disrupt
the social commerce trip.
5.
Collaborate With Influencers
Influencers
already have a following of committed followers who trust their advice.
Collaborate with influencers prominent among your target demographics to
broaden your reach and boost the success of your social commerce strategy.
Find
similar social profiles to collaborate with and capitalize on your shared
expertise. Determine which influencers are most relevant to your target
audience and contact them to see if they'd be interested in reviewing your
product in exchange for a free sample.
You can also request that your consumers become brand influencers. For example, ask them to share material containing your items using a specific hashtag, set up a rewards program, or solicit video testimonials with the opportunity to be included in one of your articles.
6.
Try To Personalize
According
to an Accenture report, 91 percent of customers prefer to buy with brands that
offer personalized experiences. Make use of personalization to capture the attention
of crucial audiences.
For
example, make product recommendations to customers based on what they've
previously purchased from your website. Recommendations are an excellent
approach to capturing your audience's attention with relevant social media content.
You
can use a page-level targeting tool to put up tailored product recommendations
at checkout, and it automatically generates precise suggestions depending on
what clients have already purchased. With cross-selling recommendations,
page-level targeting is an excellent strategy to increase cart sizes.
You
can use a page-level targeting tool to put up tailored product recommendations
at checkout, and it automatically generates precise suggestions depending on
what clients have already purchased. With cross-selling offers, page-level
targeting is an excellent strategy to increase cart sizes.
7.
Engage Your Audience
You
can't ignore the most vital component of providing your audiences a fantastic
social commerce experience: Be social! Engage with your consumers in the
comments, solicit feedback, learn what they like and dislike about your
products, and provide them with valuable stuff to read.
Allow
customers to comment on your shoppable posts so they may ask you questions
about your goods in public. You're also creating a user-led FAQ to improve the
customer journey with your brand.
Selling More Seashells On Social Media
Social
commerce is more than a fad; it's a new way for customers to shop and interact
with your company directly from their favorite applications. Because many
customers use social networking applications to investigate companies and
products, it only makes sense for businesses to employ social commerce to
capitalize on this captive audience.
There
are numerous approaches for brands to begin strengthening their social commerce
strategy. Identifying where your target customers hang out online, implementing
social customer service strategies, and boosting purchases through social proof
and influencers are some of the finest practices. After this if you feel like
you need any type of ecommerce
website development or social media marketing help you can directly
call NetMaticO. Our experts are ready to help you and increase your business
growth and sales.