Social media has solidified its role as an information, entertainment and connection source for much of the population. It also gives companies and brands new and creative ways to engage with their customers. Advertising to Gen Z and millennial audiences? Add social shopping to your marketing strategy today!
Social shopping refers to the buying and selling of products directly on social media. In many cases, complete transactions can take place without customers having to leave the social app at all. This advertising tactic is steadily growing in popularity. According to Statista, social commerce generated approximately 724 billion dollars in revenue in 2022 and that number will only continue to grow.
The most prominent social shopping platforms are Instagram, Facebook, Pinterest, and TikTok. Depending on the platform, retailers can implement a variety of social shopping features as part of their marketing strategy.
“Emerging media gives companies and brands ways to engage with their customers in new and creative ways.”
– LOYOLA UNIVERSITY
Social shopping has become essential for businesses and brands advertising to Gen Z and millennial audiences. After all, young people spend a lot of time on their smartphones, much of it on social media platforms. In fact, members of Gen Z spend almost 4.5 hours a day on social!
+ Discover the most effective ways of advertising to Gen Z.
A recent Pew Research Center survey of U.S. adults found the following:
Social commerce allows for easy, accessible and convenient shopping, especially on mobile devices.
Many young people prefer insights from their peers (people whose lives are like theirs) rather than from the rich and famous people we typically consider influential. Far more effective in the modern marketplace than celebrity endorsements, peer-to-peer or influencer marketing is a collaboration between a business/brand and a popular social media content creator. The influencer promotes the company’s product, service or event to their digital audience, using their online platform.
Social shopping streamlines the promotion to purchase process. And, whether a prominent social media influencer features your product or a satisfied customer shares your social shopping post with friends, you will increase your reach and influence purchasing decisions. Certain social media platforms offer additional ways to improve brand exposure. For example, your products may appear on Facebook Marketplace or be featured on a Pinterest Spotlight.
To succeed in the world of social shopping, follow the same advice we give to anyone advertising to Gen Z and millennials.
Here at MSS Media, Inc., we’ve been providing Education, Government, Real Estate & Lifestyle clients with succinct, optimized, and successful marketing solutions for more than 15 years. Consider MSS Media, Inc. a full-service, one-stop shop for all your Media and Public Relations needs. Your goals are our motivation. And our mission is to propel your message, further and faster, to achieve the outcomes you’re looking for. If you found this blog post helpful, please share!