Value/Importance: [rating=3]
Recommended link: Ecwid/TNS Research
You will have noticed that in 2011 there was a lot of hype about Facebook commerce with many companies announcing the launch of F-commerce stores.
By 2012 we had moved from the peak of inflated expectations to the trough of disillusionment in the technology hype cycle.
This disillusionment or “F*****d commerce” as Marketing Pilgrim put it, was shown with major US retailers like Gamestop, JC Penney, Nordstrom and The Gap all shutting their Facebook stores.
Does this mean the end for F-commerce? Not necessarily. This new research suggests that F-commerce maybe moving along the slope of enlightenment. The research from TNS, predicts that:
"6.1% of online purchases over the next 3 years will be made via Facebook. Although only 4% of GB consumers have purchased goods from Facebook, the research showed that 40% would be happy to buy goods from Facebook if it delivered a similar shopping experience to an online store.
There is also evidence of increases in sales from retailers who implement F-commerce. E-commerce widget provider Ecwid showed that its users see an increase of 15% in revenue when implementing its Facebook application. The company analysed 2,000 user accounts and found that in the month following the implementation of an Ecwid Facebook store, an additional 15% of sales was generated from the application.
This is an example of a typical small business F-commerce store from Ecwid:
Another provider Payvment surveyed its 165,000 sellers and found that many are still actively promoting their stores.
This study by Payvment also suggests the value of sellers using Facebook ads. When they launched a recent service linking ads to their stores, they found that their advertisers:
So perhaps F-commerce isn’t so much about the big brands, but providing an opportunity for smaller retailers:
By Dave Chaffey
Digital strategist Dr Dave Chaffey is co-founder and Content Director of online marketing training platform and publisher Smart Insights. 'Dr Dave' is known for his strategic, but practical, data-driven advice. He has trained and consulted with many business of all sizes in most sectors. These include large international B2B and B2C brands including 3M, BP, Barclaycard, Dell, Confused.com, HSBC, Mercedes-Benz, Microsoft, M&G Investment, Rentokil Initial, O2, Royal Canin (Mars Group) plus many smaller businesses. Dave is editor of the templates, guides and courses in our digital marketing resource library used by our Business members to plan, manage and optimize their marketing. Free members can access our free sample templates here. Dave is also keynote speaker, trainer and consultant who is author of 5 bestselling books on digital marketing including Digital Marketing Excellence and Digital Marketing: Strategy, Implementation and Practice. In 2004 he was recognised by the Chartered Institute of Marketing as one of 50 marketing ‘gurus’ worldwide who have helped shape the future of marketing. My personal site, DaveChaffey.com, lists my latest Digital marketing and E-commerce books and support materials including a digital marketing glossary. Please connect on LinkedIn to receive updates or ask me a question.
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