Male and female, young and old, a fast-growing number of today's shoppers are tapping into social media to find product information, get deals, read reviews and share opinions on purchases. In order to meet the needs of these social shoppers, retail organization must join the social media fray. But to be successful in the social realm, merchants must carefully plan and execute a strategy that will appeal to their particular target audience. This session will provide top tips and tactics for retailers wanting to get up-to-speed on the latest and greatest social strategies.
2. About CCS
ďź 8-part series (June 11-21) ďź Featuring industry
analysts and consultants
ďź Sessions covering Mobile,
Social, In-Store, X- ďź Free for Retail executives
Channel, and more
www.retailtouchpoints.com/connected-consumer
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@RTouchPoints
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4. About Retail TouchPoints
ďź Launched in 2007
ďź More than 20,000 subscribers
ďź Provide executives with relevant,
insightful content
ďź Free Resources such as White Papers,
E-book, Webinars, Research and
Podcasts
www.RetailTouchPoints.com
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6. Todayâs Panelists
MODERATOR
Christina Heggie Alicia Fiorletta
Senior Analyst Associate Editor
A.T. Kearney Retail TouchPoints
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7. A.T. Kearney & Retail TouchPoints
The Social Shopper
June 2012
Presenter:
Christina Heggie
8. Presentation Outline
â Converging Trends â Consumers, Companies, & Technology
â A.T. Kearney Annual Study â Company & Consumer Interactions on Facebook
â Tips & Tactics â Managing the Social Shopper
â Summary
A.T. Kearney 8
9. Presentation Outline
â Converging Trends â Consumers, Companies, & Technology
â A.T. Kearney Annual Study â Company & Consumer Interactions on Facebook
â Tips & Tactics â Managing the Social Shopper
â Summary
A.T. Kearney 9
10. Although eCommerce has yet to fully integrate with social media, three major
trends indicate that the question is only when andâmore importantlyâhow
Consumers
Consumers engage with brands and other consumers
through digital channels throughout the purchase cycle,
and purchases are increasingly made online globally
Technologies Companies
Key technology trendsâsuch as Companies across industries are
mobile proliferation and social platform entering the ecommerce space, and
enhancementsâare a key enabler in some are venturing into social
the growth of social commerce platforms with mixed success
A.T. Kearney 10
11. Consumers interact with the product, the brand, and other shoppers
throughout the purchase cycle
Digital Engagement in the Purchase Cycle
Aware Consider Inquire Purchase Advocate
purchasing the for the product /
of the product about the product the product
product brand
â˘Nearly 50% of search â˘77% of online shoppers â˘Over 50% of consumers â˘Consumers age 24-35 do â˘Over half of consumers also
marketers use social use reviews to make a who follow retailers have 25% of shopping online state likeliness to
networking sites to share purchase decision used the platform to obtain recommend a company or
product content to build product info product after following
consumer awareness5 â˘âProduct Ratings & â˘38% of tablet owners use online1
Reviewsâ & âSharing via â˘Consumers ranked the device to make retail
Social Networkingâ were friends/family recom- purchases â˘81% of consumers
both seen as very mendations highest in receive advice from
valuable in a recent retail âmost trustedâ info3 â˘Nearly 50% of shoppers friends and family about
study2 have made a purchase product information
â˘Review sites enable â˘Consumers now seek out decision based on a
consumer-to-consumer ~ 7 pieces of info in the recommendation through a
reviewsâepinions, purchase cycle â vs. 2-3 in social network
Amazon, Buzzillions, etc 20024
Broader Context
79% of Americans use the Internet $30B projected size of social commerce in 2015
59% of Internet users engage on social media 67% spend more online after recommendations
52% of Facebook users log into the site each day
1) Pew Internet & American Life Study
2) eTailing marketing study
3) Global: Internet Statistics Compendium, eConsultancy
4) The Holmes Report
5) iProspect, Social Networking Sites â Venues for the Brand Ambassadors of the Future?
Source: The Economist, comScore, eTailing, Pew, DigitalBuzzBlog, Mashable, TabJuice A.T. Kearney 11
12. Thank You For Your Interest In The
Connected Consumer Series
View the on-demand
session on BrightTALK
www.retailtouchpoints.com/connected-consumer
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