what do we need to know about social commerce n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
WHAT DO WE NEED TO KNOW ABOUT SOCIAL COMMERCE? PowerPoint Presentation
Download Presentation
WHAT DO WE NEED TO KNOW ABOUT SOCIAL COMMERCE?

Loading in 2 Seconds...

play fullscreen
1 / 7

WHAT DO WE NEED TO KNOW ABOUT SOCIAL COMMERCE? - PowerPoint PPT Presentation


  • 3 Views
  • Uploaded on

Today, social media is not just for staying connected and sharing ideas. It is helping businesses expand their customer base without sparing a very high budget for marketing. The term Social Commerce is used to refer to sales that result from prospective customers interacting with a brand on social media. This can happen when someone purchases directly on social media or when someone reaches a website via the social channels.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'WHAT DO WE NEED TO KNOW ABOUT SOCIAL COMMERCE?' - mindfiresolutions


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
today social media is not just for staying

Today, social media is not just for staying connected and

sharing ideas. It is helping businesses expand their customer

base without sparing a very high budget for marketing.

The term Social Commerce is used to refer to sales that result

from prospective customers interacting with a brand on social

media.

 This can happen when someone purchases directly on social

media or when someone reaches a website via the social

channels.

Though Yahoo introduced the term about ten years ago by but

it is only recently that the concept has become popular.

the thing that has changed with social media over

 The thing that has changed with social media over the years is the

presence of a ‘buy’ button on the social media page itself.

 Earlier, the page would direct the customer to an external site but now

they can just click the button and buy the product from the social

networking site. eCommerce site owners can witness this change in the

social commerce revenues.

 According to records, in 2014 alone, the social commerce sales for top

500 businesses in US and Canada increased by about 26% which

translates to roughly $3.3 billion.

 It seems like a small amount but the rate of growth is very high. By the

end of year 2018, social commerce revenues may go up to $491 billion

in the US alone.

becoming social commerce savvy

Becoming social commerce savvy

As a newbie in the world of social commerce, eCommerce website owners might feel a

little lost. There are a number of sites for social networking which makes it impossible

to be present on all of them. What you need to do is to find the sites frequented by

your customers. Once you make your presence felt on these channels, there are high

chances of converting their likes into revenue. People have accounts on multiple sites

but as a business owner, you might not be able to spare time for engaging them on all

the sites. The solution then is to target only as many as you can spend time on and

provide the best service that you can.

social commerce things to do on social media

Social Commerce: Things to Do on Social Media

The business owners and eCommerce application developers have

become serious about social commerce. Conducting business on social

media exposes you on many fronts. To establish yourself on this platform

requires skills that are a little different from what the traditional

business sense says. Some things that are a must do are: