Posts Tagged ‘ecommerce’

Why Social Matters for E-commerce

Monday, October 10th, 2011

We’ve all been through situations where seemingly simple purchasing choices become confusing and overwhelming. The issue at hand is not indecisiveness but instead the reality of the new digital marketplace which has flooded consumers with countless new choices. For instance, think about how many times you’ve gone shopping for a laptop and felt inundated with products, brands, and models as you’ve browsed across different retail sites. As a retailer, you want to convert your site visitors into buyers but that can be a real challenge if your customers feel overwhelmed and frustrated when they look for products on your site.

One concept to keep in mind as you think about keeping your visitors in your digital sales funnel is how social interaction can help – purchasing decisions are heavily influenced by recommendations from real people who have real feedback on products. Bringing on-site social interaction to your online storefront is paramount in keeping those potential buyers engaged. Tools like Social Login and Ratings & Review Plugin allow users to easily connect their experiences with a particular brand or product back to their social feeds and can play a big part in SEO and in bringing valuable referral traffic to your site.

Ratings & Reviews

Letting your customers easily share product reviews on their social networks can make a big difference on sales. In fact, a recent Nielson Social Media Report showed that:

  • 60% of people who use 3 or more digital means of research for product purchases learned about a specific brand or retailer from a social networking site.
  • 70% of active online adult social networks shop online and 53% of active social networkers follow a brand.

What this information is telling us is that in a cluttered digital marketplace, an e-commerce site will be more effective in reaching its target audience if it provides the information directly to consumers via social networks. By adding social functionality to your retail site, you encourage transparency and allow your customers to become the biggest advocates of the brand.

For more information on how on-site social tools can help your business, check out Gigya’s Social Plugins.

–  John de Oliveira, Business Development

3 Best Practices for Facebook Ecommerce Success

Sunday, May 1st, 2011

Social Strategies for Online Retailers

Rapidly or reluctantly, retailers are adding social channels and tools to their arsenal, urged on by customers and competitors who are already using them.

emarketer research

But these are not the only forces driving retailers towards social commerce. No longer hype, the opportunity for word-of-mouth customer referrals driven by social context and a shared shopping experience is simply too large to ignore:
  • 67% of shoppers spend more online after recommendations from an online community of friends. (Internet Retailer, September 2009)
  • 53% of people on Twitter recommend companies and/or products in their Tweets, with 48% of them delivering on their intention to buy the product. (ROI Research for Performance, June 2010)
  • Facebook, blogs, Twitter and customer reviews are considered the most effective tactics for mobilizing consumers to talk up products online. (the e-tailing group survey of 117 companies, September 2009)
  • On Black Friday 2010, there were more than 6x the number of Facebook status updates related to retail purchases as on the previous Friday. (Facebook, January 2011)
  • Facebook in particular has become increasingly important to retailers in the past year. Half of the top 25

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Social Commerce: The Path Forward

Friday, November 5th, 2010

By Liza Hausman, VP, Marketing

On the heels of Altimeter’s Rise of Social Commerce Event, Lora Cecere, Jeremiah Owyang and gang have published their synthesis of where social commerce is now, and where it is going.  They introduce the new digital consumer where: “Trust in big brands is low.  Consumers want confidence in what they buy from friends, and insight from their community.”  While their interviews and quantitative research with social pioneers: manufacturers, retailers, consultants and technology providers (including Gigya) in the retail space surfaced a wide ranging list of goals and definitions, the team has summarized the path forward in four key stages, illustrated in the following graphic:

The research also found that different sub-segments are at different stages, and progressing at different rates.

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Shop.org Summit + Rise of Social Commerce (#rsc10) = The Future of Social Shopping

Thursday, October 14th, 2010

Target Stores Sell Facebook Credits

Two major events over the past few weeks focused their agendas on the future of retail: Shop.org’s Annual Summit and the Altimeter Group’s Rise of Social Commerce.  Here are some of the key trends that emerged and our takeaways:

Trend #1: Seamless experiences across platforms
Technologies are beginning to break down the walls between online stores and their bricks and mortar counterparts.  Retailers are eager for greater integration between platforms.  The Altimeter Group calls this “Frictionless commerce.”  Technologies and user experiences that were highlighted include:

  • Geo location (passive and active) so that retailers and recognize you in-store before you reach the register.
  • Mobile experiences that are relevant wherever you want to shop, e.g. providing m-commerce outside of the store and price comparison tools and coupon options within the store.
  • Shopping with friends online in a way that is as satisfying and effective as the group shopping experience in-store. Wet Seal and Levi’s are retailers who has been testing heavily.
  • Facebook becoming a commerce platform – potentially competing in the future with ecommerce platforms like IBM WebSphere.

Key Takeaway: While some of these technologies are early stage, enabling people to use an existing social identity on any device will be a key element of unifying the retail experience across platforms, giving retailers a powerful way to link data and systems.

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