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7 Social Commerce Trends to Watch in 2023 and Beyond
Social commerce refers to the use of social media platforms to facilitate buying and selling of goods and services. This can include features such as in-app purchasing, social media shopping, and influencer marketing. Social commerce allows businesses to connect with customers and build relationships with them through social media, leading to increased brand loyalty and sales. It also allows customers to discover new products, read reviews, and make purchases directly from social media platforms, making the shopping experience more convenient.
Influencer marketing: Brands are using social media influencers to promote their products and drive sales.
Live streaming: Live streaming is becoming increasingly popular as a way for brands to connect with customers and showcase their products in real-time.
Social media shopping: Social media platforms like Instagram and Facebook are incorporating shopping features that allow customers to make purchases directly from the app.
Micro-influencers: Brands are focusing on working with micro-influencers (people with a smaller following but high engagement) as they can be more effective at driving sales.
Personalization: Brands are using data and AI to personalize their marketing and recommendations to individual customers.
User-generated content: Brands are leveraging user-generated content (e.g. product reviews, customer photos) to build trust and increase social proof.
Virtual and augmented reality: Virtual and augmented reality are being used to create immersive shopping experiences and help customers visualize products in their own homes.
Worthy mentions
Chatbots and AI-driven customer service
Brands are using chatbots and AI-powered customer service to provide 24/7 support and personalized assistance to customers, helping to improve their shopping experience.
