e-Commerce

Social & Search ‘Buy’ buttons, and what SMEs can learn about Mobile Commerce

Despite the fact that most of us have been addicted to our smartphones for the last five or six years, not many companies have truly perfected the art of getting consumers to actually buy things on their mobile device. Few have truly cracked the concept of Mobile Commerce. Most of us shop online at least some of the time, but while we tend to search a lot on our mobiles, when it comes time to actually opening our virtual wallets and parting with our cash, consumers have shown time and time again a preference for taking to a desktop to complete the purchase.

This could be because it’s a pain in the ass filling out payment information on a small screen, or it could be due to a psychological pre-disposition from a consumer behavior point of view. Either way, online retailers haven’t been helping themselves by generally having pretty crappy e-commerce set-ups on their site. Things are improving all the time though, and in the last year alone we have seen many of the biggest players in the space starting to lead the way in encouraging, and facilitating, mobile shopping.

google purchases

Just last week Google announced a new feature called ‘Purchases’ which adds a BUY button to mobile search ads so that users are prompted to make a purchase there and then. This takes you to a product page hosted by Google where you can find out more information about the product and complete the purchase using your stored payment information while the order fulfillment is carried out by the merchant as per usual.

Facebook and Twitter have also been using similar BUY buttons in their product ads on mobile over the last year, with both Instagram and Pinterest following suit over the last couple of months too. It’s clear that this is quickly becoming a standard feature across most of the big tech platforms’ advertising offerings but of course this means that to take advantage of these features, you have to be running ads with Google AdWords, Facebook etc. in the first place. It is essentially just another way to increase the direct impact of an ad to encourage impulse purchases.

The main aim of these features is to reduce the friction of making a purchase on a mobile device when engaging with Search and Social, but I think there is a more important lesson to take for smaller companies with regards to their own online sales experience. It’s all well and good optimizing an ad on a digital platform for selling on a smartphone, but if the buying process on your own mobile website isn’t up to the same standard, than you are putting your company at a disadvantage. Many brands today put a lot of effort into digital and social media marketing, and that’s great, but it’s not much use if you lose the sale at the final hurdle by having a terrible mobile e-Commerce process.

Don’t rely on the big tech companies to convert your sales for you. Invest in a decent mobile e-Commerce experience.

Posted by Rob in e-Commerce, Mobile

Instagram joins the advertising party at long last

It’s been a long time coming, but it finally looks like Instagram are in the process of super-charging their advertising and selling capacity by launching a number of features over the coming weeks that will make them a much more viable option when it comes to digital advertising.

Firstly, the social network is rolling out a new API software platform that lets marketing partners and smaller brands automate the advertising process, a feature which has been sorely lacking from the platform since it’s launch. This will utilize the targeting and measurability power of their parent company Facebook, giving advertisers a lot more options and control when it comes to accessing it’s users. It will allow advertisers to target users based on more than just their age and gender, also using interests gleaned from their Facebook profiles.

Instagram-buy-button

So far Instagram has only run campaigns for big name brands like Disney, Electronic Arts, The Gap, Ben and Jerry’s, Michael Kors and Taco Bell. This move will open the platform up to small and medium businesses everywhere. With Instagram claiming to have more than 300 million active users worldwide, and a particularly avid user base in the Middle East, now it’s time for advertisers to stand up and take note.

As part of this revenue generating push, the platform is also including ‘Shop Now’ and ‘Book Now’ style buttons that let users carry out a purchase action straight from their feed. Instagram have been experimenting with this feature for a couple of months with brands like Banana Republic running ‘carousel ads’ featuring a slideshow of images that end with a button for viewing additional content. Banana Republic used its links to take viewers to a product page. It was the first time a retailer was able to send consumers directly to where they could buy products they saw in an Instagram ad.

With Pinterest also beginning to roll out a similar type of ‘Buy Now’ feature, it looks like we are slowly reaching the age of real monetization on social platforms, i.e. not solely relying on user eye-balls and advertising revenue. With these types of features rolling out on more and more platforms at the moment, the current de facto duopoly of Facebook and Google will start getting a run for their money when it comes to launching digital campaigns, which can only be a good thing for advertisers.

It looks like we are witnessing somewhat of a sea-change in the social selling space. The floodgates are opening.

Your move Snapchat!

Posted by Rob in e-Commerce, Mobile Payments, Social Media

Scott Galloway’s take on the future of retail

Here’s another brilliant piece of industry analysis from Scott Galloway of digital innovation think tank L2, to add to his talk at last year’s DLD NYC event. In it, he proposes that an online-only approach to retail is not sustainable, and that ‘pureplay’ online-only retailers like Fab.com have so far relied on a novelty factor to woo investors. These online retailers will face stiffer competition as traditional brick-and-mortar retailers get better at selling online and on mobile and, to defend against this, they need to make some sort of a move towards physical retail. Galloway even predicts that Amazon will acquire a company with a huge location base like a chain of gas stations or post offices.

Posted by Rob in e-Commerce, Retail, Tech

11 Middle Eastern startups travelling to the Web Summit

Featured Middle East

I am delighted to be part of the Web Summit‘s global blog team, covering the Middle East region for Europe’s largest tech conference. Click here for the full article.

With the technology revolution continuing to spread across the world, one of the regions with the largest growth potential is the Middle East. As the tech ecosystem gains momentum, an increasing amount of accelerators, angel investors and venture capital funds have been drawn to the region, and many investors here who had historically looked at tangible assets, are now investing in ideas. When you consider that the region has some of the highest smartphone penetration in the world (UAE #1, Saudi Arabia #3) and eCommerce spending is continuing to grow at speed, it’s clear that there is certainly plenty of opportunity in this part of the world.

A host of exciting Middle Eastern start-ups from Lebanon, the United Arab Emirates, Jordan and Saudi Arabia will be making their way to Dublin for the Web Summit this November. Here are a few to look out for.

Click here to continue reading

Posted by Rob in e-Commerce, Ireland, Tech

Facebook, Oculus, & the future of online retail

Facebook’s $2 Billion acquisition of virtual reality headset manufacturer Oculus Rift last week left a lot of people confused. The connection between a social media platform and virtual reality hardware is not exactly obvious after all. This video gives an idea of the potential that this coming together of technologies could unleash, particularly in an online retail capacity.

Posted by Rob in e-Commerce, Facebook, Retail