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Social commerce: an upward trajectory🎯

As Social media platforms are increasingly becoming shopping destinations, blurring the lines between social networking and e-commerce, it’s important to examining the role of social commerce in driving sales, leveraging user-generated content for product promotion, and the effectiveness of influencer marketing campaigns.

In today's fast-paced world, where attention spans are fleeting and competition for consumer engagement is fierce, media commerce offers a solution that captivates audiences and drives conversion. By embedding shopping opportunities directly into media content – whether it's a livestream, video, podcast, or social media post – brands can leverage the power of storytelling and entertainment to inspire purchasing decisions.

According to this article by Mackenzie Born of Square, “a full 91% of retailers are using social media to sell” and “seventy-nine percent of consumers are making purchases directly from their mobile devices, and younger consumers are the most likely to buy while they scroll — 95% of Gen Z and 94% of millennials said they’re using their mobile phones to shop”.

Moreover, media commerce taps into the growing trend of social shopping, where consumers seek validation and inspiration from their social networks before making purchasing decisions. According to several recent studies, more than half of Gen Z consumers would purchase a product based on an influencer’s recommendation and by integrating social elements such as user-generated content, reviews, and recommendations into media commerce experiences, brands can leverage the trust and influence of social networks to drive sales.

Additionally, media commerce enables brands to leverage data-driven insights to personalize recommendations and tailor shopping experiences based on individual preferences and behaviour. This level of customization enhances engagement and fosters long-term customer loyalty.

As technology continues to evolve, media commerce is poised to become even more immersive and interactive. From augmented reality (AR) and virtual reality (VR) shopping experiences to AI-powered virtual assistants that provide personalized recommendations, the possibilities are endless. For example, TikTok’s product identification feature, currently in its testing phase, uses AI to suggest similar or relevant items available on its ecommerce marketplace. 

In summary, media commerce is on an upward trajectory and represents the future of retail by seamlessly integrating shopping experiences into the content consumers already love. By leveraging the power of storytelling, entertainment, and social influence, brands can create immersive and personalized shopping experiences that captivate audiences, drive conversion, and redefine the way we shop in the digital age.