Uploaded on Aug 22, 2022
PPT on The Future of Shopping: Growth of Social Commerce.
The Future of Shopping: Growth of Social Commerce
THE FUTURE
OF
SHOPPING:
GROWTH OF
SOCIAL
COMMERCE
WHAT IS SOCIAL
COMMERCE?
Social commerce is a segment of
ecommerce in which merchants
sell products directly through
social media platforms, allowing
potential customers to interact
with brands, browse goods and
make purchases.
Source: www.bigcommerce.com
SOCIAL
COMMERCE VS.
ECOMMERCE
Digital ads, social media content
and other marketing strategies all
act as top-of-the-funnel tactics to
direct customers to the online
store.
Then, even after reaching the
store, the customer must go
through even more steps in the
purchase journey — each of which
poses the risk of losing their
interest and a potential sale.
Source: www.bigcommerce.com
TOP SOCIAL
COMMERCE
PLATFORMS
While Instagram and Facebook
lead the way in social commerce
functionalities, other social media
sites such as Pinterest, TikTok and
even Snapchat are also expanding
their offerings.
Since every platform serves a
unique purpose and attracts a
niche audience, each one offers
comparative strengths that shape
its approach to social commerce.
Source: www.bigcommerce.com
INSTAGRAM
With 70% of shoppers looking to
Instagram for product discovery
and 1 billion active users, it’s safe
to say that this is one of the most
promising social commerce
platforms on the market.
Source: www.bigcommerce.com
FACEBOOK
In 2021, Facebook had nearly 3.45
billion monthly active users —
needless to say, the 17-year-old
platform holds huge potential for
leveraging new audiences and
scaling globally.
Source: www.bigcommerce.com
TIKTOK
A newer player to the social
commerce game, TikTok is
becoming far more than just a
short-form video-sharing app.
Now with shoppable posts,
livestream shopping capabilities
and opportunities for influencer
marketing, TikTok is a social
commerce platform worth noting.
Source: www.bigcommerce.com
PINTEREST
The great thing about Pinterest is
that most users care far more
about the content rather than the
creator.
Compared to platforms like
Instagram and Facebook, where
the influence of the user or brand
may hold more weight, Pinterest
allows merchants to focus more
on putting out great products and
less on building their personal
reputation.
Source: www.bigcommerce.com
BENEFITS OF SOCIAL COMMERCE
THERE ARE HUGE
NUMBERS OF
POTENTIAL
CUSTOMERS ON
SOCIAL MEDIA
According to Statista, there were
over 3.6 billion social media users
globally in 2020, and this number
is expected to reach 4.4 billion by
2025.
With more of these users starting
to shop through social media, this
is a huge opportunity for you to
get your products in front of new
faces and grow your audience
exponentially.
Source: www.bigcommerce.com
ENHANCED SOCIAL
MEDIA PRESENCE
AND BRAND
AWARENESS
Instead of keeping your social
media and ecommerce site siloed,
social commerce gives merchants
the power to merge the two. This
is a huge branding opportunity,
allowing you to create brand
awareness and stay top-of-mind
to your customers through daily
content.
Source: www.bigcommerce.com
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