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Pinterest Vs. Facebook? Are You Ready To Sell On Social?

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Social Media Optimisation
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Pinterest Vs. Facebook? Are You Ready To Sell On Social?

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Jirafe conducted a study with more than 80,000 brands over a five-month period to determine which channel drove the most revenue across our merchant base. In this presentation, we will present the results, and share best practices learned across our merchant base on how you can optimize your social media strategy!

A Few Things We Cover:

- How social advertising and buy buttons will replace traditional ad strategies.
- Which social channel led traffic and revenue for 80,000 merchants during the first five-months of 2015.
- 5 tips on how your brand can turn followers into buyers.
- 4 data-driven insights to help you determine which merchandise to sell on social.

Jirafe conducted a study with more than 80,000 brands over a five-month period to determine which channel drove the most revenue across our merchant base. In this presentation, we will present the results, and share best practices learned across our merchant base on how you can optimize your social media strategy!

A Few Things We Cover:

- How social advertising and buy buttons will replace traditional ad strategies.
- Which social channel led traffic and revenue for 80,000 merchants during the first five-months of 2015.
- 5 tips on how your brand can turn followers into buyers.
- 4 data-driven insights to help you determine which merchandise to sell on social.

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Pinterest Vs. Facebook? Are You Ready To Sell On Social?

  1. 1. Jirafe Webinar: Pinterest Vs. Facebook? Are You Prepared To Sell On Social?
  2. 2. Meet Our Presenter: Lou Paglia Lou Paglia is the Chief Product Officer and Co-Founder of Jirafe, Inc., and is an executive that has worked for both B to B and B to C brands. 
 
 Lou’s worked in a number of web and data-focused companies, including About.com and Dow Jones. He specializes in web, data, technology and information. He and the team here built Jirafe so users can easily understand what’s selling, who is buying, and where to focus in order to be more successful. Lou has worked with thousands of brands to keep his finger on the pulse of what will move the needle for merchants, and to understand how he can continuously innovate Jirafe. Lou Paglia Chief Product Officer, Jirafe lou.paglia@jirafe.com
  3. 3. • How and why social advertising and buy buttons will replace traditional ad strategies. • Which social channel led traffic and revenue for 80,000 merchants during the first five-months of 2015. • 5 tips on how you to transform your social content so you can turn followers into buyers. • 4 data-driven insights to help you determine which merchandise to sell on social. How Will You Manage Your Social Strategy During this presentation we will share:
  4. 4. Social Is Still An Emerging Channel, So Why Do Buy Buttons Matter? Social currently accounts for 1.5% of all E-commerce web traffic.
  5. 5. Social on the Rise billion people use the internet. 5.2 billion people use cell phones (2.1 billion are smart phones) As smart phone adoption increases, the way that people consume data will change. Top 500 retailers earned $3.3 billion from social shopping in 2014, up 26% from 2013 of consumers bought a product because of a promotion on a brand’s social media page of customers are likely to buy a new product when learning about it on social media of consumers rely on social media to guide their purchase Quick stats: 2.8 3.3 33% 43% 74%
  6. 6. Social Will Replace Traditional Ads Traditional Advertising vs Social Traditional Advertising Social Clear Connection Between Actions and Revenue - + Adjust Ads Based on Trending Topics - + Flexible Scheduling - + Personalization - + Social Proof of Product Adoption - + Impact on Conversion Cycles Limited Instant
  7. 7. Facebook vs Pinterest: The Results
  8. 8. What we looked at: • We studied conversion information across 80,000 brands across all verticals in commerce, • We examined average spend, conversion rates, traffic, total orders, and total revenue driven by social media. • The results: Pinterest and Facebook are the two largest drivers of commerce revenue and traffic. Facebook drove 96.9% of all social orders while, Pinterest drove 3.09%. About The Study
  9. 9. Facebook visitors spend 3.5X more than the average visitors from Pinterest. Average Spend
  10. 10. Facebook traffic converts 17% better than Pinterest visitors. Conversion Rates However the conversion rate from both social sources was still less than 1%.
  11. 11. Facebook drives significantly greater traffic at a ratio of 8:1. Traffic
  12. 12. Facebook also drove 23x more orders than Pinterest. Total Orders
  13. 13. Across Jirafe’s merchant base Facebook also drives $32 in revenue for every $1 that Pinterest generates. Total Revenue
  14. 14. 5 Tips on How You Can Turn Followers Into Buyers
  15. 15. Tip: Offer exclusive products or advanced sales via social buy button ads. Tip #1 Create Unique Social Experiences
  16. 16. Tip: Add personalization to your social efforts is the best way to keep them coming back. Tip #2 Connect 1:1 With Your Customers
  17. 17. Tip: Develop brand ambassadors and have them share content on social, then integrate that content into your web site with easy ways to buy the product via social or via your site. Tip #3 Social Proof Sells
  18. 18. Tip: Ensure that customers can share from Web to social easily. Tip #4 Social Sharing Still Key
  19. 19. Tip: With the new buy buttons demographic targeting will be even more important to brands. Tip #5 Demographic Targeting Critical to Success
  20. 20. 4 Data Driven Insights That Will Help You Sell On Social
  21. 21. Jirafe Tells You Where Your Most Valuable Customers Come From, So You Can Find More Of Them! Insight #1 Know Which Channels Bring You Customers That Spend The Most
  22. 22. Jirafe Tells You Which Products Sell The Best So That You Can Lead Social Campaigns With Them! Insight #2 Use Your Best Sellers
  23. 23. Jirafe Tells You What Products Are Hot With Your Customers Right Now, So That You Amplify Demand. Insight #3 Capitalize On What’s Trending In Your Product Catalog
  24. 24. Jirafe Tells You Which Products Sell Well On Discount. Promote These Lower Priced Products to Encourage Impulse Buys and Move Inventory. Insight #4 Encourage Impulse Buys
  25. 25. Thank You!

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