10/04/2022
If you are, or intend to be, in the Ecommerce and Retail industry, this article mentioned a new sale model trend that you should know about!
Social commerce refers to the experience of shopping directly on social platforms, a way for brands and companies to "help consumers with product discovery", said Insider Intelligence. Although the trend is growing in the US, with the projected sales at $79.64 billion by 2025, it is still far behind China, and the US marketers have a long way to go for catching up with China's success.
As a person who has experienced shopping on social platforms in China, I deeply feel the maturity, flexibility and convenience of China's social commerce industry. After the influencer's explanation, I could be more persuaded to buy that product.
If the brands want to compete in the social commerce market, it's wise to utilize influencers, consumer calls to action (CTA), and user-generated content (UGC, aka. User-created content/UCC). Check out this article to learn more about social commerce company's examples.
Brands are leveraging social media checkout & shopping integrations as consumers engage with social commerce. Learn how social commerce is rapidly growing in the US.