Social commerce is booming with over 82% of responders having previously discovered a product on social media and made a purchase using their mobile phone.
A new social commerce report The Influencer Marketing Factory found that a growing number of people prefer online shopping (40%) compared to only shopping in-store (13%). Almost half (47%) use both modes of shopping.
However, the percentage of online-only shoppers is significantly higher among younger customers.
Some 57% of the 1,000 customers surveyed said they previously bought something while watching a livestream on a social media app with 72% rating the experience highly.
A whopping 29% purchase items on social media at least once a week while 24% purchase more than once a week.
Fashion, beauty and home products are the preferred categories for shopping on social which is little surprise when taking a look at the dominant advertisers and accounts on Instagram and co.
While branded accounts were the dominant drivers that motivated shoppers to make a purchase, influencers ranked second and ahead of family and friends.
During the holiday season, 76% bought something on social media.
It’s clear that social commerce continues to grow despite pandemic lockdowns coming to an end. Accenture predicts that social commerce could triple by 2025.