Internet Retailer - Social Commerce
-
Upload
lou-kerner -
Category
Business
-
view
108 -
download
0
description
Transcript of Internet Retailer - Social Commerce
Stefany MooreSenior Editor, Research
May 9, 2013
Internet Retailer
Where the Underdogs Rule
SOCIAL MEDIA 300
• Ranked by Percentage of site traffic from social networks
• Includes Direct Sales $ from Social Channels
• Operating data: conversion rates, average ticket
• Engagement metrics
• Social commerce executive names
Internet RetailerSOCIAL MEDIA 300
E-Retail’s Social Commerce Leaders
• $1.6 billion in 2012 direct social commerce sales (Less than 1% of total U.S. e-commerce sales)
• For once, Amazon is NOT at the top of the rankings
• No major retail chains at the top
• The leaders are young, web-only merchants with less than $30 million
• The leaders are also some of the fastest growing in online retail
Key findings
• Social is still very new and confusing for retailers
• Social conversion rates depend the merchant
– 37% says higher– 24% say lower– 10% say same– 29% Don’t Know?
Other Key Findings
• 1/3 of 2012 sales from Facebook
• Social Login
• Cash for sharing
• Brand building stars
Fab.com: A site “Built on Facebook”
• $200,000 in Facebook ads
• $10 million in social commerce sales
• 110% Engagement
• Step-by-step process for building a loyal network of Fans that spend money
PetFlow.com: Viral leaders
Conclusion
If you build it, they will
come