According to Business Insider, referrals alone from social media sites increased almost 200% from 2014 to 2015.
Fastforward to 2016 and social commerce is hotter than ever, with social giants Pinterest, Facebook and - most recently - Instagram all taking the steps needed to become completely shoppable.
As the pace of (ecommerce) change continues to accelerate, we've taken a step back to reflect on the retailers owning social media right now.
In October, Facebook revealed a plethora of new commerce initiatives, including Facebook Marketplace and an extension of Facebook Messenger's relationship with online payments system PayPal.
And now - fresh of the press - the social network has expanded the reach of its ads. According to Internet Retailer, Facebook is "running a test in which it delivers video ads on apps that run on set-op boxes like Apple TV and Roku through the rapidly growing ad network it calls Audience Network". More on that here.
It's no wonder, then, that when it comes to social commerce Facebook has a reputation for dominating the pack - it scooped up nearly 65% of social network ad revenues last year, scoring a 1.85% conversion rate (according to Shopify).
And it's not just the social network's new features bossing the retail scene.
Facebook’s 'like' button has always created an immediate connection between brands and users, and the tool’s Newsfeed interface stirs a real sense of community - with video sitting next to pictures, words and social life - making it a great place to tell three-dimensional stories.
“The more people buy online, the more people buy things they discover through their mobile phones, the more people discover things from News Feed and go on to purchase.” - Sheryl Sandberg, COO Facebook.
ASOS' Facebook is a treasure trove of well-crafted content, such as this short video promoting the Asos Supports Talent initiative.
Why we love it:
- Features both long-form and take-away content that is useful, entertaining and perfectly aimed at the retailer's main demographic.
- Delivers promotional material in a creative, engaging way; for example, 'Here's your debrief of the top 8 pieces the ASOS fashion team are loving this week."
- Bursting with colourful, stylish, high quality images that draw a reader in.
Key Facebook lessons:
Last month, Instagram took the ecommerce world by storm when it announced it was testing shoppable product tags on user's posts.
With around 500 million monthly active users, the network is already an incredibly important tool to target online shoppers thanks to its focus on the visual, great userability and flexibility when it comes to advertising.
One brand owning the photo sharing tool is J.Crew.
Along with the likes of Kate Spade and Warby Parker, J.Crew is one of the 20 retail brands Instagram has partnered with to start testing shoppable photo tags.
Why we love it:
- Mixes stunning product images with informal, natural images depicting the J.Crew lifestyle - this tends to be outdoorsy, wholesome and fun.
- Includes plenty of social proof; from illustrators to fashion entrepreneurs, snaps of inspiring figures wearing J.Crew items can be found scattered throughout.
- Consistency. Even though J.Crew's Instagram page is seriously eclectic, all of the images are brought together through their: beautiful colour palette, high-quality and artistic edge.
YouTube: Kate Spade
YouTube is no longer a humble video-sharing site, it’s become a launchpad for the opinionated starseeker and a digital storefront for brands alike, with the addition of TrueView and shoppable ads.
Check out this epic campaign series from Kate Spade, #missadventure:
The latest episode of the series has attracted thousands of views with its funny, shareable and subtle tone. You almost forget you’re watching a branded video (however at times the products seem secondary to the plot).
Why we love it:
- Combining great storytelling techniques alongside product demos and simple purchasing works.
- It’s funny, shareable and subtle. You almost forget you’re watching a branded video (however at times the products seem secondary to the plot).
Twitter may have backtracked on its 'Buy Button' initiative earlier this year, but the social media channel is still a big part of the social commerce conversation.
ASOS Menswear is one to watch on Twitter, combining a mix of commentary and product-led content throughout its feed.
Pinterest has become a major tool for retailers, driving 16% of social commerce last year through new buy and action buttons on retailer posts. Then, just a few months ago, the popular pinning platform unveiled "Shopping with Pinterest" (...find out more here!).
Despite its CEO, Ben Silbermann, publicly declaring that Pinterest is not a social network, many use it to share, comment and participate in large communities (sounds social enough to us).
Beauty brand Sephora is one brand that has been ruling the (social) tool for a while now. The retailer posts sales, make up tutorials, featured items and promotions to inspire its engaged beauty audience.
Sephora has also been playing its own game of social commerce in the style of Pinterest and Tumblr with its Beauty Board in a bid to boost ecommerce sales.
The board lets users tag beauty products in photos that link directly to their ecommerce website, and integrates its existing Sephora online communities Beauty Talk, The Glossy, and Sephora TV together - giving it a formidable online presence.
“Pinterest is the perfect venue to visually share shoppable new products, how-tos, and cool images. It’s a place to get inspired by beauty,” comments Julie Bornstein, Sephora’s Chief Marketing Officer.
Social-driven retail sales and referral traffic are rising at a faster pace than all other online channels.
Retailers need to make sure that their shopping journeys are optimised for mobile - to make the most of the surging social commerce, market which lives primarily on mobile (about 85% of Facebook's audience now logging via mobile and nearly half of those users only accessing on mobile.)
Engaging visual content is key for brands looking to scoop up social shoppers, and as social networks continue to improve shopping capabilities, it's never been more important to get things right!