news | 05.02.2024

Leveraging Social Media to Its Full Potential

Person Selling a Product on a Live on Social Media

In the digital age, social commerce has grown significantly in importance, especially in the UK retail sector. Social media services like TikTok and Instagram are becoming more than just that; they’re booming businesses. By implementing influencer relationships and shoppable content, these platforms are completely changing the way people shop. This gives merchants previously unheard-of opportunities to expand their audience and significantly raise conversion rates.

The UK’s Increasing Use of Social Commerce

Recent data demonstrates the significant influence of social commerce on the UK market. More than 40% of UK customers have made purchases directly through social networking sites, according to a 2023 survey. Among younger generations, this trend is more noticeable: almost 60% of Gen Z and Millennials report making purchases on social media. The modern consumer finds social commerce to be an enticing outlet, driven by its seamless integration of social involvement and purchase.

What Shoppable Posts Can Do

Shoppable posts have completely changed how customers use social media to interact with items. It’s possible for users to search and purchase items without leaving social media apps, such as Instagram and TikTok, thanks to new commerce capabilities on these platforms. As a result, UK retailers are able to display their products in a way that encourages active buying rather than just browsing. Because they are quick and easy to use, shoppable posts boost engagement and conversion rates while also significantly enhancing the purchasing experience.

Influencer Collaborations: The Upcoming Revolution

Influencer marketing is already a cornerstone of modern social commerce strategies. Influencers lend authenticity and trustworthiness to the brands they partner with, thanks to their dedicated followers. In the UK, teaming up with influencers has emerged as a highly successful strategy for driving sales. This approach serves as a potent mechanism for enhancing brand visibility and profits, granting companies entry to influencers’ devoted audiences and swaying shopping behaviours. Recent studies have shown that for every pound spent on influencer-related initiatives, businesses see an average return of £6.50.

Boosting Reach and Conversion Rates

UK retailers may reach a broader audience and more successfully turn followers into consumers by employing social commerce platforms. The interactive aspects of these platforms facilitate direct customer communication, allowing for customised marketing plans and immediate response. Retailers may tailor their products, concentrate their social media marketing efforts, and enhance the overall customer experience with the help of these insights. Furthermore, consumers react well to the immersive and visually stimulating content on platforms such as Instagram and TikTok, resulting in higher user engagement and conversion rates.

The Future of Social Commerce

In order to take advance of social commerce, UK retailers must stay ahead of the curve as it continues to evolve. This entails adopting contemporary practises like influencer collaborations and shoppable posts while remaining adaptable enough to change course as new concepts arise. In the future of social commerce, retailers who adopt this dynamic and interactive buying path will have a lot of opportunities because social media platforms will keep improving and innovating their commerce capabilities.
Retailers in the UK have a great potential to use social media sites like TikTok and Instagram. Retailers may greatly increase their reach and conversion rates with the introduction of shoppable content, influencer relationships, and direct customer contact.

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