Social commerce is the new frontier in online shopping.
Circumstances that drove consumers to buy more, digitally, over the past two years have created new behaviors that are here to stay. So, get comfortable because we are going to talk shop – more specifically, the state of social commerce.
While social commerce sales saw a big jump from 2019 to 2020 with the massive shift to online shopping, the numbers are expected to continue an upward trend as the state of social commerce expands. By 2025, eMarketer predicts sales in the U.S. alone will reach nearly $80 billion.
The rise in social commerce spend relates directly to an increase in time spent on social media, a behavior that got its start during the pandemic and is expected to continue growing.
While people may interact with social media apps for reasons other than shopping – to see what’s happening with friends, or to read the news – the majority of users have already made purchases directly through social.
So, what can we attribute this to?
Brand awareness, according to 80 percent of consumers. When people are more familiar with a brand, they are more likely to buy from them on social media. And 34 percent of them are actually using social media to learn about products, services, and brands they discovered elsewhere.
Therefore, if you want to encourage more purchases on social media, the key is creating and sustaining awareness for your brand.
With the proliferation of content on social platforms, it can be overwhelming to identify the content that works best in terms of social commerce. That’s why we lean on data.
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