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Social	
  Commerce	
  
	
  
20	
  05	
  2014	
  
There	
  is	
  e-­‐commerce…	
  
…	
  and	
  then	
  there	
  is	
  social	
  commerce	
  
How	
  shoppers	
  interact	
  with	
  Retailers	
  
It’s	
  the	
  product,	
  stupid!	
  
Offline	
  
Let’s	
  go	
  shopping!	
  
Show	
  me	
  your	
  collecBon!	
  
It’s	
  the	
  product,	
  stupid!	
  
Online	
  
That’s	
  a	
  nice	
  product	
  
I	
  want	
  it!	
  
It’s	
  the	
  product,	
  stupid!	
  
CollecBon	
  
Is	
  no	
  differenBator	
  in	
  	
  
social	
  commerce	
  
Social	
  Commerce	
  
«	
  Social	
  commerce	
  is	
  not	
  about	
  crea6ng	
  web	
  shops	
  in	
  Facebook	
  tabs.	
  It	
  is	
  
about	
  connec6ng	
  social	
  communica6on,	
  about	
  a	
  specific	
  product,	
  
with	
  a	
  direct	
  conversion	
  to	
  sale.	
  It	
  is	
  about	
  buying	
  a	
  product	
  directly	
  
from	
  the	
  wall,	
  from	
  a	
  tweet,	
  or	
  from	
  a	
  blog	
  post.	
  »	
  
Your	
  shop	
  is	
  only	
  infrastructure,	
  not	
  the	
  goal	
  
Your	
  new	
  store	
  front	
  is	
  everywhere!	
  
And	
  you	
  no	
  longer	
  control	
  your	
  store	
  front	
  
	
  
	
  
	
  
	
  
	
  
	
  
You	
  do	
  not	
  get	
  to	
  decide	
  which	
  products	
  to	
  feature,	
  or	
  when	
  they	
  are	
  
being	
  promoted.	
  People	
  exclusively	
  decide	
  what	
  to	
  share,	
  where	
  to	
  
share	
  it,	
  and	
  when	
  to	
  share	
  it.	
  
The	
  product	
  page	
  is	
  your	
  new	
  front	
  page	
  
	
  
Social	
  commerce	
  is	
  like	
  watching	
  your	
  customers	
  
magically	
  appear	
  anywhere	
  in	
  your	
  shop,	
  
looking	
  directly	
  at	
  a	
  very	
  specific	
  product.	
  
	
  
	
  
The	
  wrong	
  thing	
  to	
  do	
  is	
  to	
  show	
  people	
  a	
  range	
  of	
  products,	
  because	
  
they	
  have	
  already	
  decided	
  which	
  ones	
  to	
  see.	
  
Social	
  commerce	
  is	
  global	
  
	
  
LocaBon	
  is	
  a	
  search	
  parameter,	
  not	
  a	
  social	
  
parameter	
  (when	
  it	
  comes	
  to	
  online	
  shopping)	
  
	
  
	
  
Sharing	
  is	
  about	
  what	
  you	
  make.	
  It	
  is	
  not	
  where	
  you	
  make	
  it.	
  
Social	
  commerce	
  is	
  mobile	
  
Social	
  commerce	
  is	
  mobile	
  
Social	
  commerce	
  is	
  mobile	
  
	
  
It	
  is	
  not	
  a	
  quesBon	
  of	
  mobile	
  being	
  relevant	
  or	
  
not,	
  because	
  you	
  do	
  not	
  have	
  a	
  choice.	
  You	
  
have	
  no	
  control	
  over	
  where	
  people	
  see	
  the	
  
posts	
  that	
  other	
  people	
  share.	
  
	
  
Mobile	
  is	
  not	
  a	
  choice.	
  It	
  is	
  not	
  about	
  staBsBcs.	
  You	
  have	
  to	
  embrace	
  a	
  
mulB-­‐plaPorm,	
  mulB-­‐device	
  commerce	
  strategy.	
  You	
  have	
  to	
  make	
  
sure	
  that	
  you	
  can	
  convert	
  people	
  into	
  direct	
  buyers	
  -­‐	
  every	
  Bme.	
  	
  
Social	
  commerce	
  is	
  about	
  post-­‐conversion	
  
	
  
Social	
  commerce	
  never	
  stops.	
  It	
  is	
  not	
  a	
  campaign	
  
or	
  an	
  event.	
  It	
  is	
  a	
  conBnual	
  loop	
  of	
  people	
  
liking	
  what	
  they	
  see/buy,	
  sharing	
  it,	
  causing	
  
more	
  people	
  to	
  like	
  it,	
  who	
  share	
  it,	
  …	
  
	
  
But	
  the	
  engine	
  that	
  keeps	
  it	
  all	
  going	
  is	
  "sharing".	
  And	
  the	
  reason	
  for	
  
sharing,	
  the	
  fuel,	
  is	
  how	
  useful	
  the	
  product	
  is	
  to	
  the	
  people	
  who	
  buy	
  
it.	
  It	
  is	
  not	
  about	
  markeBng,	
  campaigns	
  or	
  events.	
  Sharing	
  is	
  a	
  post-­‐
conversion	
  acBvity.	
  
	
  
How	
  to	
  start	
  social	
  commerce	
  
	
  
Get	
  your	
  name	
  and	
  product	
  out	
  there!	
  
	
  
Focus	
  your	
  campaigns	
  on	
  something	
  that	
  gives	
  people	
  a	
  reason	
  to	
  share.	
  
Focus	
  on	
  people's	
  feelings.	
  On	
  ways	
  they	
  can	
  use	
  your	
  product	
  to	
  
help	
  others.	
  Or	
  simply	
  point	
  to	
  how	
  you	
  solve	
  a	
  problem.	
  	
  
	
  
You	
  do	
  not	
  want	
  to	
  get	
  people	
  to	
  share	
  your	
  markeBng	
  campaign,	
  you	
  
want	
  them	
  to	
  share	
  your	
  product.	
  
	
  
It	
  takes	
  months,	
  not	
  days	
  
	
  
It	
  is	
  hard	
  to	
  conBnually	
  engage	
  in	
  a	
  conversaBon,	
  
and	
  it	
  takes	
  a	
  lot	
  more	
  Bme.	
  
	
  
Once	
  you	
  get	
  going,	
  the	
  cost	
  is	
  likely	
  to	
  be	
  much	
  lower	
  than	
  what	
  you	
  
would	
  spend	
  on	
  print	
  adverBsing.	
  
People	
  are	
  not	
  spending	
  Bme	
  on	
  Facebook	
  tabs	
  on	
  brand	
  pages	
  ,	
  people	
  are	
  
spending	
  their	
  Bme	
  looking	
  at	
  their	
  news	
  stream,	
  viewing	
  their	
  friend's	
  profiles,	
  
status	
  updates,	
  photos,	
  and	
  videos.	
  	
  
	
  
The	
  trick	
  is	
  to	
  move	
  your	
  products	
  into	
  people's	
  streams	
  	
  
Facebook	
  &	
  TwiYer,	
  right?	
  
Make	
  sure	
  that	
  the	
  act	
  of	
  sharing	
  is	
  incredibly	
  easy.	
  
	
  
Give	
  people	
  a	
  reason	
  for	
  sharing	
  a	
  product.	
  Share	
  it	
  on	
  your	
  own	
  
channels.	
  Talk	
  about	
  it.	
  Get	
  people	
  involved.	
  	
  
	
  
When	
  people	
  go	
  to	
  the	
  product,	
  make	
  sure	
  you	
  bring	
  Facebook	
  with	
  
them.	
  (like,	
  share,	
  comment,	
  …)	
  
	
  
How	
  do	
  you	
  move	
  into	
  people's	
  streams?	
  
Wrong	
  product	
  (Bming!)	
  
	
  
Wrong	
  behavior	
  (be	
  passionate)	
  
	
  
FricBon	
  (*)	
  
	
  
	
  
	
  
	
  
(*)	
  Amazon.com	
  has	
  calculated	
  that	
  if	
  something	
  takes	
  100ms	
  longer	
  to	
  do,	
  they	
  experience	
  a	
  1%	
  drop	
  in	
  sale	
  
	
  
What	
  to	
  avoid?	
  
Keep	
  control	
  over	
  how	
  products	
  are	
  shared	
  
Keep	
  control	
  over	
  how	
  products	
  are	
  shared	
  
 
	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
Use	
  big	
  pictures,	
  don’t	
  ask/expect	
  people	
  to	
  zoom	
  
Remove	
  FricBon	
  
Too	
  many	
  clicks	
  (register,	
  account,	
  address,	
  billing,	
  pay,	
  confirm):	
  decrease	
  
decisions	
  
	
  
Steps	
  are	
  stops	
  
	
  
Remove	
  FricBon	
  
Upsell!	
  
	
  
Remove	
  FricBon	
  
•  Posts	
  80	
  characters	
  or	
  less	
  in	
  length	
  have	
  27%	
  higher	
  engagement	
  rates.	
  	
  
•  Engagement	
  rates	
  are	
  3	
  6mes	
  higher	
  for	
  posts	
  that	
  use	
  a	
  full-­‐	
  length	
  URL	
  
(because	
  of	
  the	
  domain	
  branding	
  effect)	
  	
  
•  Simple	
  outright	
  requests	
  are	
  more	
  powerful.	
  Use	
  "like	
  us"	
  instead	
  of	
  "visit	
  our	
  
Facebook	
  page."	
  	
  
•  With	
  contests,	
  so[er	
  sell	
  words	
  like	
  "event"	
  are	
  beer	
  than	
  using	
  more	
  direct	
  
words	
  like	
  "contest"	
  	
  
•  Asking	
  a	
  ques6on	
  at	
  the	
  end	
  of	
  a	
  post	
  produces	
  a	
  15%	
  higher	
  engagement	
  
rate,	
  than	
  asking	
  the	
  ques6on	
  at	
  the	
  beginning.	
  	
  
•  Do	
  not	
  ask	
  why.	
  Ask	
  where,	
  when,	
  would,	
  or	
  should.	
  	
  
•  The	
  6me	
  of	
  day	
  +	
  6me	
  of	
  week	
  make	
  a	
  big	
  difference.	
  And	
  it	
  varies	
  greatly	
  
from	
  one	
  market	
  to	
  another	
  (test	
  it	
  to	
  find	
  out	
  what	
  is	
  op6mal	
  for	
  you).	
  	
  
Death	
  by	
  PowerPoint	
  
Create	
  great	
  product	
  pages!	
  
And	
  remember:	
  
…	
  people	
  do	
  not	
  share	
  websites.	
  
	
  	
  
They	
  share	
  products.	
  	
  
Roundup	
  
Social	
  Commerce	
  is	
  not	
  about	
  creaBng	
  a	
  shop	
  on	
  Facebook.	
  It	
  is	
  about	
  linking	
  
sharing	
  to	
  the	
  direct	
  sale	
  of	
  a	
  product.	
  
Roundup	
  
	
  
Social	
  Commerce	
  is	
  not	
  about	
  tradiBonal	
  markeBng	
  or	
  sale	
  focused	
  on	
  pre-­‐	
  
conversion	
  tacBcs.	
  Social	
  commerce	
  is	
  a	
  post-­‐conversion	
  tacBc,	
  using	
  the	
  power	
  
of	
  sharing	
  to	
  grow.	
  	
  
Roundup	
  
Your	
  store	
  front	
  is	
  not	
  your	
  front	
  page,	
  but	
  outside	
  your	
  site.	
  You	
  store	
  front	
  is	
  
people's	
  stream,	
  on	
  blogs,	
  and	
  via	
  many	
  other	
  channels.	
  	
  
	
  
Roundup	
  
	
  
You	
  do	
  not	
  get	
  to	
  decide	
  when	
  people	
  share	
  your	
  products.	
  But	
  you	
  have	
  
tremendous	
  influence	
  on	
  what	
  people	
  do.	
  	
  
	
  
Roundup	
  
Social	
  commerce	
  is	
  mobile	
  by	
  default.	
  But	
  mobile	
  does	
  not	
  mean	
  that	
  it	
  is	
  just	
  
about	
  mobile	
  phones.	
  It	
  really	
  means	
  that	
  your	
  customers	
  are	
  mobile.	
  	
  
	
  
Roundup	
  
	
  
Social	
  commerce	
  is	
  global	
  by	
  default.	
  Your	
  core	
  group	
  of	
  customers	
  is	
  not	
  people	
  
living	
  in	
  a	
  certain	
  geographic	
  locaBon,	
  but	
  rather	
  people	
  who	
  care.	
  	
  
	
  
Roundup	
  
Your	
  official	
  social	
  channels	
  might	
  be	
  instrumental	
  in	
  encouraging	
  people	
  to	
  
share,	
  but	
  the	
  real	
  sharing	
  effect	
  takes	
  place	
  outside	
  your	
  channels.	
  	
  
	
  
Roundup	
  
	
  
FricBon	
  kills	
  any	
  good	
  strategy.	
  
	
  
	
  
	
  
QuesBons?	
  
Social commerce - seminarie door Baker Men bij Comeos - mei 2014

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Social commerce - seminarie door Baker Men bij Comeos - mei 2014

  • 1. Social  Commerce     20  05  2014  
  • 2. There  is  e-­‐commerce…   …  and  then  there  is  social  commerce  
  • 3.
  • 4. How  shoppers  interact  with  Retailers  
  • 5. It’s  the  product,  stupid!   Offline   Let’s  go  shopping!   Show  me  your  collecBon!  
  • 6. It’s  the  product,  stupid!   Online   That’s  a  nice  product   I  want  it!  
  • 7. It’s  the  product,  stupid!   CollecBon   Is  no  differenBator  in     social  commerce  
  • 8. Social  Commerce   «  Social  commerce  is  not  about  crea6ng  web  shops  in  Facebook  tabs.  It  is   about  connec6ng  social  communica6on,  about  a  specific  product,   with  a  direct  conversion  to  sale.  It  is  about  buying  a  product  directly   from  the  wall,  from  a  tweet,  or  from  a  blog  post.  »   Your  shop  is  only  infrastructure,  not  the  goal  
  • 9.
  • 10.
  • 11. Your  new  store  front  is  everywhere!   And  you  no  longer  control  your  store  front               You  do  not  get  to  decide  which  products  to  feature,  or  when  they  are   being  promoted.  People  exclusively  decide  what  to  share,  where  to   share  it,  and  when  to  share  it.  
  • 12. The  product  page  is  your  new  front  page     Social  commerce  is  like  watching  your  customers   magically  appear  anywhere  in  your  shop,   looking  directly  at  a  very  specific  product.       The  wrong  thing  to  do  is  to  show  people  a  range  of  products,  because   they  have  already  decided  which  ones  to  see.  
  • 13. Social  commerce  is  global     LocaBon  is  a  search  parameter,  not  a  social   parameter  (when  it  comes  to  online  shopping)       Sharing  is  about  what  you  make.  It  is  not  where  you  make  it.  
  • 14. Social  commerce  is  mobile  
  • 15. Social  commerce  is  mobile  
  • 16. Social  commerce  is  mobile     It  is  not  a  quesBon  of  mobile  being  relevant  or   not,  because  you  do  not  have  a  choice.  You   have  no  control  over  where  people  see  the   posts  that  other  people  share.     Mobile  is  not  a  choice.  It  is  not  about  staBsBcs.  You  have  to  embrace  a   mulB-­‐plaPorm,  mulB-­‐device  commerce  strategy.  You  have  to  make   sure  that  you  can  convert  people  into  direct  buyers  -­‐  every  Bme.    
  • 17. Social  commerce  is  about  post-­‐conversion     Social  commerce  never  stops.  It  is  not  a  campaign   or  an  event.  It  is  a  conBnual  loop  of  people   liking  what  they  see/buy,  sharing  it,  causing   more  people  to  like  it,  who  share  it,  …     But  the  engine  that  keeps  it  all  going  is  "sharing".  And  the  reason  for   sharing,  the  fuel,  is  how  useful  the  product  is  to  the  people  who  buy   it.  It  is  not  about  markeBng,  campaigns  or  events.  Sharing  is  a  post-­‐ conversion  acBvity.    
  • 18. How  to  start  social  commerce     Get  your  name  and  product  out  there!     Focus  your  campaigns  on  something  that  gives  people  a  reason  to  share.   Focus  on  people's  feelings.  On  ways  they  can  use  your  product  to   help  others.  Or  simply  point  to  how  you  solve  a  problem.       You  do  not  want  to  get  people  to  share  your  markeBng  campaign,  you   want  them  to  share  your  product.    
  • 19. It  takes  months,  not  days     It  is  hard  to  conBnually  engage  in  a  conversaBon,   and  it  takes  a  lot  more  Bme.     Once  you  get  going,  the  cost  is  likely  to  be  much  lower  than  what  you   would  spend  on  print  adverBsing.  
  • 20. People  are  not  spending  Bme  on  Facebook  tabs  on  brand  pages  ,  people  are   spending  their  Bme  looking  at  their  news  stream,  viewing  their  friend's  profiles,   status  updates,  photos,  and  videos.       The  trick  is  to  move  your  products  into  people's  streams     Facebook  &  TwiYer,  right?  
  • 21. Make  sure  that  the  act  of  sharing  is  incredibly  easy.     Give  people  a  reason  for  sharing  a  product.  Share  it  on  your  own   channels.  Talk  about  it.  Get  people  involved.       When  people  go  to  the  product,  make  sure  you  bring  Facebook  with   them.  (like,  share,  comment,  …)     How  do  you  move  into  people's  streams?  
  • 22. Wrong  product  (Bming!)     Wrong  behavior  (be  passionate)     FricBon  (*)           (*)  Amazon.com  has  calculated  that  if  something  takes  100ms  longer  to  do,  they  experience  a  1%  drop  in  sale     What  to  avoid?  
  • 23. Keep  control  over  how  products  are  shared  
  • 24. Keep  control  over  how  products  are  shared  
  • 25.                   Use  big  pictures,  don’t  ask/expect  people  to  zoom   Remove  FricBon  
  • 26. Too  many  clicks  (register,  account,  address,  billing,  pay,  confirm):  decrease   decisions     Steps  are  stops     Remove  FricBon  
  • 27. Upsell!     Remove  FricBon  
  • 28. •  Posts  80  characters  or  less  in  length  have  27%  higher  engagement  rates.     •  Engagement  rates  are  3  6mes  higher  for  posts  that  use  a  full-­‐  length  URL   (because  of  the  domain  branding  effect)     •  Simple  outright  requests  are  more  powerful.  Use  "like  us"  instead  of  "visit  our   Facebook  page."     •  With  contests,  so[er  sell  words  like  "event"  are  beer  than  using  more  direct   words  like  "contest"     •  Asking  a  ques6on  at  the  end  of  a  post  produces  a  15%  higher  engagement   rate,  than  asking  the  ques6on  at  the  beginning.     •  Do  not  ask  why.  Ask  where,  when,  would,  or  should.     •  The  6me  of  day  +  6me  of  week  make  a  big  difference.  And  it  varies  greatly   from  one  market  to  another  (test  it  to  find  out  what  is  op6mal  for  you).     Death  by  PowerPoint  
  • 30.
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37. And  remember:   …  people  do  not  share  websites.       They  share  products.    
  • 38. Roundup   Social  Commerce  is  not  about  creaBng  a  shop  on  Facebook.  It  is  about  linking   sharing  to  the  direct  sale  of  a  product.  
  • 39. Roundup     Social  Commerce  is  not  about  tradiBonal  markeBng  or  sale  focused  on  pre-­‐   conversion  tacBcs.  Social  commerce  is  a  post-­‐conversion  tacBc,  using  the  power   of  sharing  to  grow.    
  • 40. Roundup   Your  store  front  is  not  your  front  page,  but  outside  your  site.  You  store  front  is   people's  stream,  on  blogs,  and  via  many  other  channels.      
  • 41. Roundup     You  do  not  get  to  decide  when  people  share  your  products.  But  you  have   tremendous  influence  on  what  people  do.      
  • 42. Roundup   Social  commerce  is  mobile  by  default.  But  mobile  does  not  mean  that  it  is  just   about  mobile  phones.  It  really  means  that  your  customers  are  mobile.      
  • 43. Roundup     Social  commerce  is  global  by  default.  Your  core  group  of  customers  is  not  people   living  in  a  certain  geographic  locaBon,  but  rather  people  who  care.      
  • 44. Roundup   Your  official  social  channels  might  be  instrumental  in  encouraging  people  to   share,  but  the  real  sharing  effect  takes  place  outside  your  channels.      
  • 45. Roundup     FricBon  kills  any  good  strategy.