Congrats! You’ve started your own business and now you’re about to put your baby out into the world for people to buy—but how in the world should you do it? Well, obviously you need to be online and, most specifically, you need to be on social media. Social commerce is one of the most effective ways for a brand to sell its items online and reach a whole new audience that you might not have been able to reach previously.
In today’s blog, we’re going to give you all the dirty details on what social commerce is, how to approach it with your brand, and the best ways (and worst ways!) to use social commerce for your biz.
What is social commerce?
Social commerce is where a business buys and sells its products or services on social media. Back in the good ol’ days of 2005, Yahoo! (Yes, Yahoo!) invented the phrase as a way for businesses to promote and sell their products directly on social media platforms.
The biggest reason why a brand or business does this is to help streamline the process for their customers and make shopping a much more engaging and user-friendly experience.
Seriously, taking away the hassle of online shopping is HUGE, and the easier you make it (and the fewer clicks your customers have to do) means big sales and big $$$ for you!
There are even a few apps that have built-in social commerce features already like Instagram, Facebook, Pinterest, and TikTok.
Think of it like this: You’re scrolling through Instagram and see a super cute dress that instantly grabs your attention (this is me every single day). With social commerce, that cute dress can instantly be mine if the brand added a “buy now” button on the post that links directly to their commerce shop.
This eliminates the hassle of trying to find the dress on their website and feeds that need instant gratification—which will help you with sales.
Figuring out your social commerce strategy is going to be huge in 2024 and we’re going to teach you how to do exactly that.
What’s the difference between social commerce and eCommerce?
Yes, while both are all about selling your products online, social commerce and eCommerce are two very different things.
eCommerce is buying and selling your services using the internet as a whole. Mainly by consumer-based sites (think: Amazon) and/or through your website that you sell to consumers.
While social commerce is a type of eCommerce you only use social media platforms to sell and promote your products and services.
The biggest difference between the two is how your customer finds and purchases your products and services. With eCommerce, your customer is cruising around the internet and, typically, trying to find something specific to buy. Stumbles across your item and purchases. Effective
e-commerce website design can significantly impact a customer’s purchasing decision, so optimizing the user interface and enhancing the overall shopping experience is crucial for boosting sales.
With social commerce, it’s a much more interactive experience. A customer will be scrolling their feed and might stumble across someone who uses your product, gets curious, and heads to your social media profile to learn more. From there, they could decide to go to your social commerce page or scroll to discover more about you and your biz.
Social commerce is ALL about interacting, liking, sharing, commenting, and more before clicking the “buy now” button.
What are the benefits of using social commerce?
Still unsure why you should start selling on social media? Interesting stance, but let me give you some reasons why it can be beneficial to you:
Directly engage with customers
With social commerce, you can directly interact with your core customers. By engaging with your customers, you will have a better chance of increasing your brand loyalty, build a lead list, and better retain your customers. Using social commerce will allow you to speak to your customers in real time and answer any questions or respond to any issues immediately.
Larger audience
Social media platforms have millions, sometimes billions of active users, and those are all users that have the potential to be customers of yours! By being on social media, you can start connecting with people all over the world and building up a bigger base of customers just by showing up, engaging, and having a good social commerce strategy in place.
Social proof
Buying online can be hard for some people because how are you supposed to know if it actually looks the same IRL like it does online? Social commerce can help eliminate that concern by having social proof directly from your customers. Your customers can review and post all about your brand and provide insight into future customers about your product.
Customer data
I know, I know. People seem to shudder at the word “data” but by having social commerce, you can gather important data from your potential customers for future marketing campaigns. Data you can gather from your audience are things like user interactions, engagement, behavior, preferences, buying patterns, and so much more.
Cost-effective marketing solution
Traditional marketing can be super expensive if you’re not careful. And honestly, it can be restrictive to those who have never done marketing before. With social commerce, anyone can easily post on their page to spread awareness of their products. And the cost of entry to buying an ad is pretty inexpensive as well if you feel like putting money behind some of your posts.