{"id":32268,"date":"2022-06-03T07:33:09","date_gmt":"2022-06-03T05:33:09","guid":{"rendered":"https:\/\/multiplica.com\/?post_type=mx_articulos&amp;p=32268"},"modified":"2022-06-06T11:26:05","modified_gmt":"2022-06-06T11:26:05","slug":"live-shopping-keys-to-converting-followers-into-customers","status":"publish","type":"articles_post","link":"https:\/\/multiplica.com\/en\/articles\/live-shopping-keys-to-converting-followers-into-customers\/","title":{"rendered":"Live Shopping: Keys to converting followers into customers"},"content":{"rendered":"<div class=\"c-display-paragraph font-moderat-l-regular\"><div class=\"o-container\"><div class=\"o-row\"><div class=\"o-col-md-16 o-offset-md-1\"><p>ECommerce is evolving to provide more relevant and engaging experiences. Videos, interactions, chats and social networks blend offering customers new adventures in their online purchases. What exactly is live shopping, and why should we implement it in our business?<\/p>\n<p><span style=\"font-weight: 400\">In 2016, fashion companies in China began to use social media as a platform for generating live sales. It didn\u2019t take long for them to realize that this new way of selling would also allow them to strengthen branding and increase customer loyalty.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">They were ushering eCommerce into a new phase. Brands can now redirect users with higher purchase intent from social networks to their own sites in a new format that deepens and improves the experience.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The ability to fully orchestrate the journey of thousands or millions of followers who interact with the brand via third-party platforms was definitely here to stay.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Later, in 2020, as a result of the pandemic, this sales method grew at an exponential rate. According to McKinsey, Live Commerce now <\/span><a href=\"https:\/\/www.mckinsey.com\/business-functions\/mckinsey-digital\/our-insights\/its-showtime-how-live-commerce-is-transforming-the-shopping-experience\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">accounts for 13% of total eCommerce sales in China.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400\">It didn\u2019t take long before this wave of innovation spread throughout other geographies, with high rates of adoption.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For example, in Spain, <\/span><a href=\"https:\/\/www.statista.com\/statistics\/1277092\/consumer-interest-shoppertainment-europe-country\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">78% of consumers have expressed interest in this type of purchase<\/span><\/a><span style=\"font-weight: 400\">, making the country one of the most developed in Europe in terms of live shopping. Meanwhile, <\/span><span style=\"font-weight: 400\">numerous<\/span> <a href=\"https:\/\/expansion.mx\/tecnologia\/2021\/10\/20\/que-es-el-live-shopping-la-nueva-tendencia-del-e-commerce-en-redes-sociales\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Mexican businesses<\/span><\/a><span style=\"font-weight: 400\"> have already made over <\/span><b>2,500 USD in a single live shopping session.<\/b><\/p>\n<p>&nbsp;<\/p>\n<h2><b>What is Live Shopping?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Live shopping is an evolution of traditional eCommerce that uses video streaming as the primary display medium for products, services, and branding. It will be one of the year\u2019s <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=my71It3WyV0\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">major trends<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In general, user acquisition for this kind of action begins on social networks, where companies have the most followers. This is combined with paid and segmented campaigns for each type of content. As a result, traffic is directed to the brand\u2019s eCommerce, which hosts the live video.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This transportation\u00a0 of users from social networks to the website itself is transgressive since it <\/span><b>provides brands with a series of high value-added benefits:<\/b><\/p>\n<ul>\n<li><b>Bring together large numbers of customers simultaneously,<\/b><span style=\"font-weight: 400\"> as it is done in virtual spaces.<\/span><\/li>\n<li><b>Take ownership of user data<\/b><span style=\"font-weight: 400\">, which represents a capital in itself, because they no longer belong to the social network but to the brand.<\/span><\/li>\n<li><b>Have access to all user journey data,<\/b><span style=\"font-weight: 400\"> allowing for subsequent remarketing actions.\u00a0<\/span><\/li>\n<li><b>Increase engagement <\/b><b>and branding,<\/b><span style=\"font-weight: 400\"> staying in the top of mind of current and potential customers.<\/span><\/li>\n<li><b>Multiply impulse sales<\/b><span style=\"font-weight: 400\"> with a low investment and start-up.<\/span><\/li>\n<li><b>Increase Customer Lifetime Value<\/b><span style=\"font-weight: 400\">.<\/span><\/li>\n<li><b>Optimize<\/b><span style=\"font-weight: 400\"> marketing, sales and retargeting campaigns.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-31481 size-large\" src=\"https:\/\/multiplica.com\/wp-content\/uploads\/2022\/04\/Live-Shopping-directo-AD-2-1024x472.jpg\" alt=\"Imagen que muestra a una chica frente a una c\u00e1mara realizando un evento de live shopping de venta de ropa.\" width=\"1024\" height=\"472\" srcset=\"https:\/\/multiplica.com\/wp-content\/uploads\/2022\/04\/Live-Shopping-directo-AD-2-1024x472.jpg 1024w, https:\/\/multiplica.com\/wp-content\/uploads\/2022\/04\/Live-Shopping-directo-AD-2-300x138.jpg 300w, https:\/\/multiplica.com\/wp-content\/uploads\/2022\/04\/Live-Shopping-directo-AD-2-768x354.jpg 768w, https:\/\/multiplica.com\/wp-content\/uploads\/2022\/04\/Live-Shopping-directo-AD-2-1536x708.jpg 1536w, https:\/\/multiplica.com\/wp-content\/uploads\/2022\/04\/Live-Shopping-directo-AD-2-2048x944.jpg 2048w, https:\/\/multiplica.com\/wp-content\/uploads\/2022\/04\/Live-Shopping-directo-AD-2-304x140.jpg 304w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p><em>In a live shopping event, users can start the purchase of a product from the video interface itself.<\/em><\/p>\n<p>&nbsp;<\/p>\n<h2><b>Live Shopping uses<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Broadly speaking, this technique can be used both to achieve greater brand recognition, as well as increase conversions and engagement.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this sense, it should be noted that <\/span><b>Multiplica\u2019s solutions allow for a 45% increase in engagement<\/b><span style=\"font-weight: 400\">, in addition to increasing the positioning of the website, as search engines better index pages that contain videos.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">In addition, <\/span><b>brands manage to increase conversions. <\/b><span style=\"font-weight: 400\">For example, they can reach 60% Click Through Rate (CTR), <\/span><span style=\"font-weight: 400\">up to 28% <\/span><span style=\"font-weight: 400\">Conversion Rate and more than 26% Add to Carts.<\/span><\/h3>\n<p><span style=\"font-weight: 400\">Lastly, <\/span><b>live shopping increases 7x the chances of converting into a customer a user impacted by retargeting campaigns<\/b><span style=\"font-weight: 400\">, an action that accounts for 70% of sales.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><b>How does Live Shopping work?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Each campaign is unique, depending on the brand, its industry and its goals. However, Multiplica offers an end-to-end solution that adapts to all those companies that seek to join this new sales format:<\/span><\/p>\n<ul>\n<li><b>Strategy design <\/b><span style=\"font-weight: 400\">for the proper implementation of Live Commerce in the brand in each event, according to industry, product, target, and goals.<\/span><\/li>\n<li><b>Technological consulting <\/b><span style=\"font-weight: 400\">for selecting the best streaming platforms and integration for the <\/span><b>creation of a sales channel with live content<\/b><span style=\"font-weight: 400\"> hosted in the brand\u2019s eCommerce to capture all user journey data.\u00a0<\/span><\/li>\n<li><b>Strategic video production including:<\/b>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Selection of streamers, influencers, experts or KOLs (Key Opinion Leaders) who will host the live shopping.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Creation of interactive dynamics for the show through scripting and design.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Technical capacity (setting, lights, cameras, script, etc).<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Reach and marketing actions before, during and after the live event.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><b>Results analysis<\/b><span style=\"font-weight: 400\"> for the optimization of the following livestreams and continuous monitoring of KPIs.\u00a0<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2><b>Industries, modalities and audiences<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Although Retail and eCommerce are leading the way in this mode of selling products and services, other industries such as Banking, Fintech, and Insurtech are following suit. The ability to interact with customers to explain very abstract or complex concepts in more personalized and simple ways is valued in these verticals, attracting more customers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Depending on the type of desired public being addressed, a brand can choose between three types of live shopping.\u00a0<\/span><\/p>\n<ul>\n<li><b>1 to many<\/b><span style=\"font-weight: 400\">, in which mass product companies can target as many customers as possible.<\/span><\/li>\n<li><b>1 to few<\/b><span style=\"font-weight: 400\">, aimed at the most exclusive customers, or those who are part of\u00a0 loyalty or membership programs.\u00a0<\/span><\/li>\n<li><b>1 to 1<\/b><span style=\"font-weight: 400\">, exclusively designed for a single person and ideal for companies dedicated to luxury goods, or products and services that require a more complex decision process.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Fashion and Retail companies are at the forefront of live shopping, although new industries have been joining, such as Pharma, Real Estate, and even the Automotive industry.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Multiplica is expanding in new capacities with the aim of increasing the range of services available to clients. In this context, and with the acquisition of BeAgency, we are among the first companies to offer market solutions for live shopping campaigns in Spain, Europe, Mexico, and the rest of Latin America.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">If you want to learn more about <\/span><b>how live shopping can help you increase your sales in 2022 you can<\/b> <a href=\"https:\/\/www.linkedin.com\/in\/marcsorliracioppi\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">contact me<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<\/div><\/div><\/div><\/div>","protected":false},"author":55,"template":"","tags":[],"class_list":["post-32268","articles_post","type-articles_post","status-publish","hentry"],"acf":{"post_type_knowledge_image_module_big":31597,"post_type_knowledge_image_module_small":31592,"post_type_knowledge_image_module_header":31602},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Live Shopping: Keys to converting followers into customers - 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