What is Social Shopping Becoming?

   

Shopping can be one of the most social activities. Then again, I often shop alone. It really depends on what I am going for. On the more social side you have:

• asking friends what they think of a particular Victorinox rolly bag

• reviewing ratings or reviews by strangers or friends
• group buying which is really a form of crowd-buying - still quite social
• finding endorsements from friends or 'strangers with expertise'
• Wish lists and registries
• Affiliate sales networks (e.g. Amazon)
• Relevant recommendations (e.g. iTunes Genius function)

As word of mouth is one of the most influential purchase drivers across many product categories, it only makes sense that we will all continue to push the intersection of social media and shopping.From product reviews like the robust ones found in Amazon, YELP and TripAdvisor to the offshoots like Trusted Opinion, review have been around since the dawn of time. For any brand that sells a product or service, I would rank reviews as the most underleveraged social strategy just behind search engine optimization. If you don't have one, get a product review strategy especially if you are a retailer or sell a retail product of some kind.

If product reviews are fundamental, then what is next? Three things I can see emerging fast:

• Real-time Recommendations via Facebook, Twitter and other social networks
• A new wave of Affiliate Marketing
• Event Shopping

Real-time Recommendations

While reviews may have defined social shopping over the past 10 years, now it is about "real-time recommendations" - a phrase I first heard from Sean Muzzy at Neo@Ogilvy. When I am shopping - that search, assess, decide and purchase activity - how can I tap into my own social graph to get an opinion or some type of feedback?

Some retailers are doing this by integrating Facebook Connect like the backpack manufacturer Jansport. By embeding the Facebook login in the ecommerce pages, I can share my interest in the 22" Purple Sunflower via facebook. I can see what my friends may have said or if they have "liked" it. This will become standard practice for many of us on those products where we value a second opinion. As a business traveler, luggage is one of tehose categories (and I would hope as a Facebook friend you would wave me off the purple sunflower motif for my own good).

Many of us in digital marketing especially on the social media side of life have been creating and stewarding programs for brands that pay off in the middle or top of the funnel - Engagement up to Awareness. Or our approach to driving action or conversion has been a click-through or coupon download or similar action. Now we really can apply "social" to not just shopping but to conversion or sales.

Affiliate Marketing
While the power of building authentic positive word of mouth and even recommendation for a product will drive product preference (see our Conversation Impact measurement model), using social to drive sales will become a new focus for many of us.

As a blogger, would I raise my hand to become an affiliate marketer for the brands, I myself, use and appreciate? Yes. As marketers continue to over-do influencer outreach - trying to capture the attention of influentials like mombloggers and food bloggers such that they authentically talk about products - we will see some simpler and more direct solutions to transparently engage those influencers as affiliate marketers. The benefit back to them is a percentage of sales - all very transparent, of course. Clearly that works best for retail brands vs. manufacturers. I could easily imagine having a Hugo Boss store widget on my site ads the ultimate storefront for black jeans (hell, just my clickthroughs alone would move the needle).

Curated Event Shopping
Remember the Amazon "Gold Box"? It was a collection of time-sensitive specials on Amazon that you could browse through. I never bought anything and I guess others didn't fare much better as the feature is gone.

Now I subscribe to ideeli.com. They send me emails of sales events on great stuff - mostly for women. I have bought some great jewelry there for my wife. If I knew anything about bags, I am certain I could score some gems there as the always seem to have some great ones. The pricess are advantageous - but like the Home Shopping Network, sales are timed so you need to act promptly. The goods are curated and high quality. The combination of timeliness and quality curation makes it sweet. I have told many people about ideeli.com which is another way the "social" quality of the service works. (Essentially, it gives me a little bit of 'social capital' to spend with people I know.)  

There are a lot more innovations on social shopping happening than just these three trends. In fact, the social shopping space is exploding with innovation.

Comments

[Jake Lumetta]

Nice post! Well thought out analysis with some interesting ideas and trends presented.

[Peter Baptiste]

You have given lots of good information in this article. Thanks for sharing!

[James]

Have you seen http://justbought.it ? I think it summarizes your post very well and combines it into 1 neat little app.

[Online Marketing Consultant]

The affiliate marketing space has exploded recently because of the Recession. Coupons sites like Slickdeals and Retailmenot have seen huge jumps in traffic.

Instead of retailers having to pay an affiliate commission on top of the reduced margin due to the coupon, maybe the retailers can create an in-house social networking platform of their own, where customers can discuss products and even trade coupons.

[Car Rental LAX]

Social shopping is considered to be a great topic in universities nowadays that many people are interested to research more about it.

Great post.

[Reginald Stinson]

Thanks great article