Social media platforms offer interactive, direct-purchase features
Implications - Social media platforms kept afloat by ad revenue are now creating direct-purchase functions, whether interactive or still in traditional picture or video forms. These functions create additional sources of revenue for the brands and the social media platforms themselves, while offering consumers simplified, convenience-minded methods of purchase.
Workshop Question - How could your brand leverage direct-purchase options on popular social media platforms?
Trend Themes
1. Direct-purchase Features on Social Media - Social media platforms are now creating direct-purchase functions, creating additional sources of revenue for the brands and the platforms themselves, while offering consumers simplified, convenience-minded methods of purchase.
2. Increasing Utilization of Augmented Reality - Augmented reality lenses and features are being utilized by brands to blur the lines between making purchases in the real and virtual world. This creates engaging experiences for fans and has the potential to boost brand awareness, engagement and sales.
3. Expansion of Social Media E-commerce - Social media platforms such as Instagram are enhancing e-commerce communities by allowing brands to sell their products directly on the platform, making user experiences easier and offering more e-commerce-focused services.
Industry Implications
1. Social Media Industry - Social media platforms are increasing their revenue sources by offering new and creative ways to sell products to their users, which is creating new and innovative marketing opportunities for businesses.
2. E-commerce Industry - The expansion of social media e-commerce platforms is positioning the industry as the next big thing in e-commerce and creating new opportunities for businesses to directly sell their products.
3. Augmented Reality Industry - Increasingly, brands are taking advantage of augmented reality lenses and features to create engaging experiences for their customers that blur the lines between making purchases in the real and virtual world, opening up new opportunities for innovation and marketing in the industry.
6 Featured, 52 Examples:
112,723 Total Clicks
Date Range:
Jul 17 — Aug 19
Trending:
Warm
Consumer Insight Topics:
