Social Commerce Playbook 2021
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An introduction to Social Commerce With the rise in social media Social commerce was already developing quickly in 2019, but the pandemic accelerated that progress globally growing 5 years of projection comes a rise in what is being in just 3 months. Global e-commerce sales accounted for 17% of total retail sales in 2020. With that accelerated growth, everyone involved in called “social commerce.” It’s digital marketing on social must know their way around the features ecommerce directly through available within this marketplace. social media networks. It’s not Social Commerce gives you the ability to use social to influence a redirect to your site, but purchasing decisions. It brings UGC and Influencer content marketing to a new level: you now have the ability to measure conversions and put a true integrated, in-platform ROI on these campaigns. features that allow customers While some platforms have already fully integrated in-app shopping to buy from you without abilities, some are still developing. TikTok will be an important one to watch in the coming months as it has already built out a powerful funnel leaving the app they are in. in China that brings in the majority of its revenue there, vs ad revenue which is the main income for other platforms. Expect to see “streaming ecommerce” take shape in Europe and North America very soon and become a model for how digital marketing moves through 2021 and beyond. 2
Main Takeaway: Taking full advantage of the capabilities on Facebook Facebook allow you to blanket IG and WhatsApp ecommerce as well. Worth the investment if you are targeting these platforms. Usage 101 ● Facebook Marketplace: Marketplace ads (US ● 1.88 billion daily active users on average in March only for now) appear in feed during browsing, 2021, an increase of 8% year-over-year similar to Pinterest, and have seen a marked ● Over 65’s are the fastest-growing demographic on increase in conversion rates compared with News Feed ad placements (more information) 15% of the social the platform. Fewer teens are using Facebook than Shoppable Ads [newsfeed]: can be used media users in the in previous years. 74% of high-income earners are ● US use Facebook to Facebook users to drive purchase through Facebook Shop shop, making it the or to drive traffic offsite second social Key shopping features ● Customer Service and Discovery network after ● Facebook Shop: Currently open in the US, this ○ Users can message a brand directly Pinterest where they mobile first shopping experience launched in 2020 through Facebook Shop via Whatsapp, shop the most. and allows businesses to create a storefront and sell Messenger or Instagram across all of Facebook’s products - ex. Facebook ○ Facebook Shops can be found on a Marketplace and Instagram Shopping. Facebook business page or discovered through IG Stories and ads More info ➔ Shop’s predecessor, Facebook Shop Pages, is converting into Facebook Shop, with a key ○ Users can browse the catalog, save difference being Facebook Shop allows in-app products for later and checkout on the checkout, where Facebook Shop Pages only had business website or use in-app checkout. a click through (more information) ○ Soon: Venmo-like QR codes for person to ○ Transaction and selling fees may apply person payments (more information) ○ Expanding to UK and Canada later in 2021 4
Instagram 130 million Instagram users tap on shopping posts every month and 50% have visited a website to make a purchase after seeing a product or service 5
Instagram Usage 101 ● 1 billion + people use Instagram every month, with each user averaging 30 minutes on the app Shopping capabilities: ● 81% use Instagram to research products and services With 81% of Instagrammers using it as Key Shopping Features a research tool, the ability ● IG Shopping: People can visit a shop from Instagram profile, feed, to complete a purchase Stories, IGTV, and Reels. The shop can be customized to match the from any part of the app look and feel of the brand. Users can complete a purchase through makes it stand out from Instagram checkout without leaving the app. Once purchased, users receive notifications about shipment and delivery in the app other platforms. ● Shopify Integration: For Instagram and Facebook, allowing Shopify users to purchase via Shopify Pay (2021) ● Swipe-up and link in bio: Users can access owned websites directly from the app, allowing brands to get analytics on customers outside of More info ➔ the Instagram ecosystem if needed 6
Twitter Twitter users spend 26% more time viewing ads than on other platforms and 53% of people on Twitter are more likely to be the first to buy new products 7
Twitter Shopping capabilities: Brands can link to shopping but there are Usage 101 no on-platform checkout ● Monetizable daily active users totalled 199 million capabilities yet. Keep an in Q1 2021, up 20% year over year eye on Twitter because ● Twitter ads reach 5.8% of the world’s population these features will roll over 13 out soon. Key Shopping Features (case study) ● Ads: Twitter is all about the promotion of products and connecting with your targeted audience to What to look forward to More info ➔ create loyalty and drive them to your brand. Ads ● Twitter is experimenting with ecommerce that generate conversation can convert options, including adding a ‘Shop’ CTA ● Customer Service: Customers can interact directly button with your brand in real time - public conversations ● “Eventually people might transact on on Twitter can impact brand perception and bring Twitter,” says Bruce Falck, revenue product people closer to cart lead at Twitter, adding that the company’s focus is first on helping shoppers research purchases on the platform rather than transacting 8
Snapchat Shopping capabilities Snap is ahead of the curve - AR and VR tech with in-app checkout make it the perfect platform to target a young audience Dior x Rimowa x Snap (2019) Dior x Snap sneakers (2020) 9
Snapchat Usage 101 ● Ads: Made-for-commerce ad formats that ● 280 million daily active users in Q1 2021, an include a swipe up for purchase increase of 51 million, or 22%, year-over-year ● Snapchat reaches 90% of all 13-24 year-olds and Coming Soon 75% of all 13-34 year-olds in the U.S. ● Out-of-the-box AR and VR integration, making the AR/VR technology more Key shopping features accessible for creative teams who might not ● Snap Pixel: allows you to track customer events have experience developing these campaigns across devices; so when a user sees your ad on Snapchat, and makes a purchase on desktop, the Snap Pixel tracks that event and allows you to attribute your ad to their actions ● Snapcodes: QR scanning that connects users to Snapchatters are exclusive content inside the app an unbelievable ● AR / VR: capabilities with direct shopping linked 60% more likely are a unique feature to Snapchat. Think “try-ons” to make impulse and experiential marketing from home purchases based on products they More info ➔ see on the app 10
Twitch Twitch reaches 50% of the millennial males in America. (source) 11
Twitch Usage 101 What to look forward to ● 9.5 million active streamers in February 2021 ● Streamed ecommerce as entertainment: ● Users are young men, under 35. Usage is split 65% Already popular in China, this trend is moving male, 35% female, with 73% under 35 and 41% west through partnerships like TikTok/Shopify between 16-24. (GWI) Twitch has market share of and Amazon Live/Twitch. Partnering with 67% content hours watched, and 90% of content streaming influencers for ecommerce is the streamed future. ● Sports partnerships on Twitch are also Key shopping features something to watch ● Merch panel extensions allow integration with partners like Teespring and Amazon Blacksmith, Shopping as well as Instagram. Setup is very easy to use capabilities: ● Custom merch alerts can be set up to allow Currently buyers to send a personalized message visible to creator-dependent everyone watching the stream after checkout. but that will change as Merch alerts are a case study in how social proof streamed ecommerce can drive sales picks up in the west. ● Merch commands allow streamers to request a Any brands looking to direct link to your product through the Twitch chat break into the gaming More info ➔ using a chatbot. community should not sleep on Twitch 12
Pinterest 47% of social media users saw Pinterest as the platform for discovering and shopping for products 50% of Pinterest users have made a purchase after seeing a promoted pin 13
Shopping capabilities: Pinterest Unique and convenient for lifestyle brands with easy-to-use ecommerce tools, Usage 101 ● Merchant solutions: allow you to Pinterest’s “catalogue” ● Monthly active users grew 30% year over year to tag lifestyle content with shoppable format resonates with 478 million in Q1 2021 products to help users get dynamic shoppers and its ● Pinners engaging with shopping surfaces grew recommendations (more info) growth in 2020 backs over 200% in the 12 months ending March 31, ● Pincodes: QR codes that allow IRL that up 2021 products to be scanned and pulled up on the app Key shopping features ● Shopify integration: seamless product crossover to make the UX as easy as possible ● Shoppable pins: appear in feed and through the More info ➔ for brands to use brand account as a store ● What to look forward to ● Catalogues: turn all of your products into ○ AR integration beyond beauty shoppable pins that can appear on a shoppable products. Pinterest’s Q4 sales call page mentioned non-disruptive ads as a ● Verified Merchant Program: gives brands a focus for 2021, so expect more badge that shows customers you’ve been vetted, investment in shoppable pins in the feed and enables your “shop” tab in-app (more info) Limitations ● Alcohol brands are limited in shopping capabilities 14
YouTube 70% of people claim they’ve bought a product from seeing it in a YouTube video 15
YouTube Usage 101 What to look forward to ● 74% of adults in the U.S. use YouTube- That’s more ● Creators adding products to videos, than Facebook (which reaches 68% of American allowing viewers to click through to learn adults). And it’s almost twice as much as the next more or buy runner-up, Instagram (40%) (source) ● Automated product detection, giving ● 77% of 15–35 year-olds in the U.S. use YouTube users the ability to learn more about (source) untagged products in videos Key shopping features More info ➔ ● Shoppable video ads (Direct Response): Shopping ○ Brands can add product images under an ad capabilities: to drive traffic to these pages With such high ○ Brands can tag products in ads platform usage, ○ Users can shop products after or during a video without leaving the site YouTube viewership ● Catalogue shopping via ads: makes investing in ○ Brands will first need to sync their Google ads worthwhile, Merchant Center feed with their video ads especially as streamed ecommerce grows in popularity 16
TikTok “TikTok and Douyin’s in-app purchases for April 2020 showed a tenfold increase to $78 million, propelling them ahead of more established names like YouTube, Tinder and Netflix, which rely more on existing subscriptions.” (Bloomberg) Clicking ‘Buy Now’ After the first redirects users to the video loop, a Taobao product bigger product banner appears The link takes users to a product introduction within Douyin An e-commerce link can be included in Douyin videos 17
TikTok Usage 101 What to look forward to: ● 800 million+ active users globally ● Popular creators can share links to earn a ● 24% aged 25-34 and 41% aged 16-24 commission ● The main revenue stream for Douyin, the Chinese ● Brand catalogues version of TikTok, is via in-app commerce. Expect ● Livestreamed shopping experiences this in the future of TikTok worldwide Key shopping features ● Creator tools: direct link to shop in bio ● Shopify partnership: More info ➔ ○ In-dashboard options on Shopify to run Shopping campaigns on TikTok, including targeting capabilities: and performance In the west, limited ○ Easy to install and use the TikTok pixel to capabilities but track conversions on Shopify ○ Eligible merchants can claim a $300 ad watch this space: credit for their first TikTok campaign expect to see a boom in social ecommerce on TikTok 18
Learn more at: thesocialelement.agency Creating Genuine Human Connections 19
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