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Social Commerce
Consumers Changing their Buying Habits


        “Please feel free to Tweet @wvrknight during this session”
Warren Knight
Speaker / Author / Consultant

CEO, co-founder of


20 years Retail Experience
5 years Social Media

Social Media for Business

Sales Techniques for SME
International Business
Online Store

GroupBuy & FlashSale   Affiliate network




                                           Social integration
    Peer to peer
  sharing discount                           Refer a friend




     Ratings &         Mobile platform       Embedded
      reviews                              Facebook store
Production Era

Henry Ford 1920’s




                                Model “T” Production
                                12.5 hours before
                                93 minutes afterwards
                                Cost: $825 ($33) > $280
Marketing Era

1950’s 1st TV Advert                        Brands told us
                                              what they
                                            want us to buy

                                              Now Only
                                              14% of us
                                                 trust
                                              Advertising


                                                90% of us
                                            trust our Friends
                                            recommendation
                                             of a product or
    "It's tingling fresh. It's fresh as          service
    ice. It's Gibbs SR toothpaste.”
SoLoMo Era

Connected 24/7




 Our philosophy is to fish where the fish are
 Adam Brown – Coca Cola                         50 Million “Likes”
Why are Social Network Important to Brands?

   90% trust peer-to-peer relationships vs 14% Advertising

   50%+ of Social media users access via their Smartphone

   57% of online shoppers have spent more that $100 on Social
    Commerce websites, like Groupon & Living Social

   42% of online consumers follow brands on Social Networks

   79% of Businesses said Social Media is Business Imperative

   35% of consumers, said they would buy through Facebook

   77% of Smart Phone users, go online while on-the-go

   Over 50% of consumers expect customer service through SM
Social Conversation
Chirpify
f-commerce & t-commerce
Facebook
Pop-up Store– 1-click purchase
Value of a Fan
Video Commerce = 5 Million Subscribers

Foursquare
Pinterest - Value of a Fan




Pinterest .75c in new sales for Zappos.
Facebook $2.08 3 x as valuable as a Pin
Twitter generates massive $33.66 in sales 45x
p-commerce

Pin2Sell
Location Based Marketing

Foursquare
Multi-channel
7 Social Commerce Tips to Take-away

Online + Offline Integration – DIGITAL FIRST
Incorporate Social Media into PR, email, direct mailing & advertising

Tracking Social Media ROI
Utilise Google Analytics and tools like Hootsuite to test and track

SMO
Create your online voice & communication using your keywords

Marketing Mix
Integrate SoLoMo into your traditional marketing

Social Commerce
Consumers connect where they buy & buy where they connect

Social Sharing
Give your consumers the opportunity to curate

Mobile Commerce
Is your website mobile compatible - Responsive or Native apps
Speaker / Consultancy / Training / Mentoring

  Tell us
   What
     You
   Think

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Social Commerce Internet & Mobile World 2012, Romania

  • 1. Social Commerce Consumers Changing their Buying Habits “Please feel free to Tweet @wvrknight during this session”
  • 2. Warren Knight Speaker / Author / Consultant CEO, co-founder of 20 years Retail Experience 5 years Social Media Social Media for Business Sales Techniques for SME International Business
  • 3. Online Store GroupBuy & FlashSale Affiliate network Social integration Peer to peer sharing discount Refer a friend Ratings & Mobile platform Embedded reviews Facebook store
  • 4. Production Era Henry Ford 1920’s Model “T” Production 12.5 hours before 93 minutes afterwards Cost: $825 ($33) > $280
  • 5. Marketing Era 1950’s 1st TV Advert Brands told us what they want us to buy Now Only 14% of us trust Advertising 90% of us trust our Friends recommendation of a product or "It's tingling fresh. It's fresh as service ice. It's Gibbs SR toothpaste.”
  • 6. SoLoMo Era Connected 24/7 Our philosophy is to fish where the fish are Adam Brown – Coca Cola 50 Million “Likes”
  • 7. Why are Social Network Important to Brands?  90% trust peer-to-peer relationships vs 14% Advertising  50%+ of Social media users access via their Smartphone  57% of online shoppers have spent more that $100 on Social Commerce websites, like Groupon & Living Social  42% of online consumers follow brands on Social Networks  79% of Businesses said Social Media is Business Imperative  35% of consumers, said they would buy through Facebook  77% of Smart Phone users, go online while on-the-go  Over 50% of consumers expect customer service through SM
  • 13. Value of a Fan
  • 14. Video Commerce = 5 Million Subscribers Foursquare
  • 15. Pinterest - Value of a Fan Pinterest .75c in new sales for Zappos. Facebook $2.08 3 x as valuable as a Pin Twitter generates massive $33.66 in sales 45x
  • 19. 7 Social Commerce Tips to Take-away Online + Offline Integration – DIGITAL FIRST Incorporate Social Media into PR, email, direct mailing & advertising Tracking Social Media ROI Utilise Google Analytics and tools like Hootsuite to test and track SMO Create your online voice & communication using your keywords Marketing Mix Integrate SoLoMo into your traditional marketing Social Commerce Consumers connect where they buy & buy where they connect Social Sharing Give your consumers the opportunity to curate Mobile Commerce Is your website mobile compatible - Responsive or Native apps
  • 20. Speaker / Consultancy / Training / Mentoring Tell us What You Think