{"id":7496,"date":"2022-03-03T00:30:59","date_gmt":"2022-03-02T16:30:59","guid":{"rendered":"https:\/\/www.retailtechnpn.com\/sg\/?p=7496"},"modified":"2022-06-29T11:32:43","modified_gmt":"2022-06-29T03:32:43","slug":"social-commerce-what-is-this-next-e-commerce-trend","status":"publish","type":"post","link":"https:\/\/www.retailtechnpn.com\/sg\/social-commerce-what-is-this-next-e-commerce-trend\/","title":{"rendered":"Social Commerce: What is this Next E-commerce Trend"},"content":{"rendered":"<h1><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt;\"><strong><span style=\"font-size: 18pt;\">Is Social Commerce The Next Big Thing?<\/span><\/strong><\/span><\/h1>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt;\"><strong>What is social commerce?<\/strong><\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">Social commerce means selling your products on social media platforms like Facebook, Instagram, TikTok, Pinterest and others. The entire process takes place on the social media platform itself, from searching for a product, to viewing, deciding, and purchasing it directly on the social media platform. Adding to cart and paying for your products happens directly on the social media platforms.<\/span><\/p>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt;\"><strong>The difference between social commerce and e-commerce? <\/strong><\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">E-commerce selling is generally done through a website or online marketplaces such as Lazada, Shopee, Qoo10, Amazon and many others. E-commerce allows customers to shop on the website or marketplace platforms, while social commerce allows customers to shop directly on the social media app or platform without having to switch to another website to do so.<\/span><\/p>\n<p><img loading=\"lazy\" class=\"alignleft size-full wp-image-8008\" src=\"https:\/\/www.retailtechnpn.com\/sg\/wp-content\/uploads\/2022\/03\/\u65b0blog-13.jpg\" alt=\"\" width=\"913\" height=\"462\" srcset=\"https:\/\/www.retailtechnpn.com\/sg\/wp-content\/uploads\/2022\/03\/\u65b0blog-13.jpg 913w, https:\/\/www.retailtechnpn.com\/sg\/wp-content\/uploads\/2022\/03\/\u65b0blog-13-600x304.jpg 600w\" sizes=\"(max-width: 913px) 100vw, 913px\" \/><\/p>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 12pt;\"><strong>Social media marketing and social commerce<\/strong><\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">Brands use social media marketing to drive visitors to a website or other shopping platform to complete a purchase. By showcasing the brand&#8217;s products through the placement of ads, the brand receives impressions and clicks that generate interest from the target audience to purchase the product. In this journey, the customer may be interrupted, losing interest or a potential purchase. <\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">With social commerce, the customer can now make a purchase directly on the social media platform after seeing the advertisement. The entire journey takes place within the social media platform without the customer having to leave the social media site. Fewer clicks required, less interruptions, and even <\/span><br \/>\n<span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">convenience features on the social media platforms such as auto-filling of payment and customer details that helps smooth the whole purchase journey. <\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">So, social commerce offers brands the advantage of being able to combine the two.<\/span><\/p>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\"><strong><span style=\"font-size: 12pt;\">Why should brands use social commerce?<\/span><\/strong><\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt; color: #000000;\"><strong>1. Larger audience on social media<\/strong><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px; color: #000000;\">Your audience are on social media the most and businesses need to take advantage of this. Different social media platforms have different audience demographics. However, we know that the common groups are Millennials, Gen Xs and Zs, who represent a large potential customer base.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt; color: #000000;\"><strong>2. Increase awareness through social content <\/strong><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px; color: #000000;\">Content becomes highly rated on social media, it also becomes more interactive. From creative videos to images to live content showcasing products to capture the interest of potential buyers. Compared to e-commerce product presentations, there is more interaction with your audience on social media. In addition, influencer marketing has taken on new importance in recent years. Brands can hire influencers to draw attention to their product or brand, and customers can get authenticity and social proof from influencers similar to themselves.<\/span><\/p>\n<p><span style=\"color: #000000;\"><strong><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">3. Use social media reviews<\/span><\/strong><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 13.3333px; color: #000000;\">In addition to likes and comments, people also share their experiences and recommendations about products they have purchased on social media. Such reviews about the product attract a lot of attention and increase the credibility of potential buyers in making a purchase decision. The audience will also search for reviews on social media before making a direct purchase on the social media platform.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt; color: #000000;\"><strong>4. Authentic engagement and traffic<\/strong><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">Businesses on social media can share content with their audience. By regularly creating content and updates for their followers, they actively participate in brand building. This way, customers can not only engage with your business, but they also have the opportunity to regularly engage with the brand and start a word-of-mouth referral. This increases engagement and traffic.<\/span><\/p>\n<h2><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\"><strong><span style=\"font-size: 12pt;\">What are the social commerce barriers?<\/span><\/strong><\/span><\/h2>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\"><strong>Having too many operating systems <\/strong><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">I believe that all businesses have their own solution systems to help operate businesses from various channels. With an addition of social commerce channel, it poses a problem of having too many standalone systems that needs to be handled. Hence, it is best for businesses to integrate all systems and work with one holistic system that allows easier operations. <\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\"><strong>Analyzing new data from social commerce<\/strong><\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">A new channel streams in new data. Collected new data needs to be cleaned and analysed to gain insights for next actions to improve the social commerce performance. Firstly, your business must be able to have the capacity to store these data. Secondly, collected and stored data are of no use if you do not analyse further. Lastly, how can you connect the data you have collected from social commerce and other e-commerce to improve your e-commerce business as a whole.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">Part of <a href=\"https:\/\/www.retailtechnpn.com\/\">NPN&#8217;s<\/a> core mission as a retail technology solutions provider is to help companies digitalise their business using technology to improve the retail business. The potential obstacles that companies face with the emerging social commerce trend can and should be removed by digitalisation.<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt;\">Get ready for the new wave of social commerce and be digitally ready. Learn more about how you can overcome this hurdle with our <a href=\"https:\/\/www.retailtechnpn.com\/sg\/digital-transformation\/\">digital transformation<\/a> solution. \u00a0<\/span><\/p>\n<p><span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt; color: #ff9900;\">Thank you for reading this blog! As an appreciation for our readers, you can collect a $2 GrabFood voucher here:<span style=\"color: #0000ff;\">\u00a0<a style=\"color: #0000ff;\" href=\"https:\/\/www.retailtechnpn.com\/sg\/bp4\"><strong>https:\/\/www.retailtechnpn.com\/sg\/bp4<\/strong><\/a><\/span><\/span><br \/>\n<span style=\"font-family: Arial, Helvetica, sans-serif; font-size: 10pt; color: #ff9900;\">Please help to like, share and leave any comments you have below. Stay tune for more of our blog content. Thank you!<\/span><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Purchase made on social media is social commerce. When you have social media marketing and social commerce together, it gives you better marketing and sales conversion. Besides, influencer marketing also commonly operates on social media. This wave of social commerce may put businesses in the situation where its systems and operations are not ready to take on another selling channel and should digital transformation be able to help them overcome these barriers. <!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":8005,"featured_media_url":"https:\/\/www.retailtechnpn.com\/sg\/wp-content\/uploads\/2022\/03\/Should-You-Care-About-Social-Commerce.jpg","comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[206,205,188],"tags":[208,207,209,245],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Social Commerce: What is this Next E-commerce Trend<\/title>\n<meta name=\"description\" content=\"Social commerce means selling on social media 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