{"id":209,"date":"2023-09-01T13:21:16","date_gmt":"2023-09-01T13:21:16","guid":{"rendered":"https:\/\/savemycent.com\/?p=209"},"modified":"2024-02-16T14:34:55","modified_gmt":"2024-02-16T14:34:55","slug":"social-commerce-statistics","status":"publish","type":"post","link":"https:\/\/savemycent.com\/social-commerce-statistics\/","title":{"rendered":"34 Stunning Social Commerce Statistics for 2024"},"content":{"rendered":"\n
Whenever social media websites go down due to technical issues, we start to panic. Facebook and Instagram are as necessary as the air we breathe.<\/p>\n\n\n\n
Let\u2019s face it:<\/p>\n\n\n\n
Most of us use social media for fun, to kill time, or to post pictures from a fun vacation or a night out. But more and more people turn to social media to buy stuff. <\/p>\n\n\n\n
Now:<\/p>\n\n\n\n
Marketing, product sales, user contribution through online media channels such as social networks constitute social commerce. This practice includes social networking that helps set up a brand as trustworthy, legitimate and credible, social commerce statistics say. <\/p>\n\n\n\n
What\u2019s more:<\/p>\n\n\n\n
Brands and businesses are increasingly using social media\u2019s popularity and impact to create a potential customer base and invite them to buy through social media platforms. <\/p>\n\n\n\n
Let\u2019s check out the latest facts and trends.<\/p>\n\n\n\n
These are some mind-blowing stats. Just to make sure we\u2019re all on the same page, though:<\/p>\n\n\n\n
Social Commerce is the use of Facebook, Instagram, Pinterest, and other social media websites to market, promote and sell services and products. <\/p>\n\n\n\n
Social media e-commerce marketing and promotion tactics include: <\/p>\n\n\n\n
Opportunities in social commerce are vast. Brands and businesses can generate profits from the orders made from social media networks, receive customers\u2019 feedback, and discover what their current and potential clients want to see in their product line in the future. <\/p>\n\n\n\n
Now that we\u2019ve cleared that up, let\u2019s move on to some:<\/p>\n\n\n\n
Apart from increasing customers\u2019 awareness of the brand and ensuring their loyalty, social commerce goes one step ahead of ecommerce by making on-page sales possible. In this way, customers can purchase the product they need without being referred to a product\u2019s website. <\/p>\n\n\n\n
This procedure saves shoppers\u2019 valuable time since it doesn\u2019t include registering on a web store. Social commerce enables customers to do their shopping without leaving social media websites. <\/p>\n\n\n\n
(ReadyCloud)<\/p>\n\n\n\n
28% of the interviewees spend some of that time discovering new brands and browsing products they would like to purchase. <\/p>\n\n\n\n
(ReadyCloud)<\/p>\n\n\n\n
Great news for e-store owners and retailers! With a growing interest in online shopping, their businesses have a bright future. Nowadays, 50% of internet users shop online every day<\/a>, while the majority of them have made an online purchase at least once in their lives.<\/p>\n\n\n\n (ReadyCloud)<\/p>\n\n\n\n Brick-and-mortar stores and shops are losing their clientele due to social and ecommerce. Many customers enjoy online shopping more than driving to the local store and waiting in line to purchase what they need.<\/p>\n\n\n\n (eMarketer)<\/p>\n\n\n\n Social commerce is highly developed in China, with catch-all apps such as WeChat and the widespread acceptance of mobile payment technology.<\/p>\n\n\n\n Social commerce revenue statistics tell us that China will also generate around $315.5 billion in social commerce sales in 2021. Meanwhile, in the US, it will reach $31.35 billion. <\/p>\n\n\n\n As China\u2019s market relies heavily on mobile commerce and mobile is also rising in the US, we can expect social commerce to develop in that direction as well.<\/p>\n\n\n\n3. 71% of consumers prefer online shopping. <\/strong><\/h4>\n\n\n\n
4. Social commerce will reac<\/strong>h 13% of all ecommerce sales in China in 2021.<\/strong><\/h4>\n\n\n\n