Top Shoppable Video Trends to Watch in 2023
Discover the latest shoppable video trends that are set to dominate the market in 2023.
As we get into 2023, the landscape of e-commerce and digital marketing continues to evolve at an unprecedented pace. One of the most exciting developments is the rise of shoppable video content. Brands, content creators, and social media platforms are all embracing this innovative trend to create immersive, interactive shopping experiences for consumers. In this article, we'll explore the top shoppable video trends to watch in 2023, covering everything from live streaming to influencer collaborations. So, strap in and get ready to discover the future of online shopping!
Shoppable video content has been gaining traction over the past few years, and its growth shows no signs of slowing down. This innovative form of marketing merges the worlds of video content and e-commerce, providing consumers with a seamless and engaging shopping experience. However, this is just the beginning of the shoppable video revolution. In this article, we'll delve deeper into the world of shoppable video, exploring its benefits, key players, and future potential.
Shoppable video refers to the integration of clickable product tags or links within a video, allowing viewers to directly purchase featured items from the video itself. This technology transforms passive viewers into active shoppers, blurring the lines between content consumption and online shopping. With shoppable video, brands can create a more immersive and interactive shopping experience, leading to higher engagement and conversion rates.
Imagine watching a fashion video and being able to click on the dress the model is wearing to purchase it directly from the video. Or, watching a cooking video and being able to click on the ingredients used to purchase them for yourself. Shoppable video makes this possible, providing a seamless and convenient way for consumers to shop while enjoying their favorite content.
For brands, shoppable video offers several advantages over traditional e-commerce platforms. It creates a more engaging and personalized shopping experience for consumers, which can lead to increased conversion rates, customer loyalty, and average order value. Additionally, shoppable video allows brands to reach potential customers through creative storytelling and compelling visuals, which can boost brand awareness and drive long-term growth.
Moreover, shoppable video provides valuable data insights for brands, allowing them to track engagement and purchase behavior in real-time. This data can be used to optimize future marketing campaigns and improve the overall customer experience.
For consumers, shoppable video simplifies the path to purchase and allows them to easily discover new products while enjoying their favorite content. With just a few clicks, viewers can get all the information they need about a product and complete their purchase without ever leaving the video player. This seamless shopping experience enhances customer satisfaction and encourages repeat purchases.
As the shoppable video trend gains momentum, several established and emerging companies are stepping up as leaders in this space. GhostRetail is winning hearts and minds for their free shoppable video platform that can be enhanced with other video commerce solutions, including live personal shopping and livestream shopping.
Moreover, large e-commerce platforms like Shopify and Magento are also integrating shoppable video into their services, further validating the significance of this trend. Check out a guide to some of the top interactive video solutions to determine which one is best for your ecommerce goals and budget.
However, the shoppable video industry is still in its early stages, and there is plenty of room for growth and innovation. As technology continues to advance, we can expect to see more sophisticated and immersive shoppable video experiences, further blurring the lines between content and commerce.
The potential of shoppable video is vast and exciting. As brands continue to experiment with this innovative form of marketing, we can expect to see more creative and engaging content that seamlessly integrates e-commerce. Moreover, shoppable video has the potential to revolutionize the way we shop, making it easier and more enjoyable than ever before. With the rise of shoppable video, the future of e-commerce looks bright.
As live streaming continues to grow in popularity, it presents a unique opportunity for businesses to tap into the potential of shoppable video. By combining the interactive and engaging nature of live video with shoppable features, brands can create powerful marketing experiences that drive significant results.
Live streaming is rapidly becoming an essential part of the e-commerce experience, with revenue from live commerce estimated to exceed $420 billion by 2024. Platforms like Taobao Live in China and Amazon Live in the US have led the charge in this space, demonstrating the potential of marrying live video content with real-time shopping opportunities.
One of the reasons for the growth of live streaming in e-commerce is the ability to create a sense of community and connection with the audience. By allowing viewers to interact with content creators in real-time, businesses can build trust and loyalty with their customers. This is particularly important in a world where online shopping can often feel impersonal and disconnected from the human experience.
Live streaming brings shoppable video to life by adding real-time interaction between the viewer and the content creator. This dynamic format encourages audience engagement, as viewers can ask questions, share feedback, or request product demonstrations during the stream. Furthermore, live streaming builds a sense of urgency and excitement around featured products, as exclusive deals or limited stock levels can be communicated directly to the audience.
Another benefit of live streaming is the ability to showcase products in a more authentic and relatable way. By featuring real people using and enjoying the products, businesses can create a more emotional connection with their audience, which can ultimately drive sales.
Several brands have already made headlines with their innovative live streaming shoppable video campaigns. For example, fashion brand Tommy Hilfiger partnered with Chinese e-commerce platform Tmall for a live-streamed fashion show, during which viewers could directly purchase featured items. Similarly, beauty brand MAC Cosmetics collaborated with Korean platform Naver for a live makeup tutorial, driving sales through shoppable video elements integrated into the stream.
Another successful example is the home goods retailer Wayfair, which hosted a live-streamed event featuring home design tips and product recommendations. Viewers could purchase featured items directly from the stream, and the event generated over $1 million in sales.
Overall, live streaming shoppable video presents an exciting opportunity for businesses to connect with their audience in a more engaging and interactive way. By leveraging the power of live video and real-time shopping, brands can create memorable experiences that drive sales and build brand loyalty.
Shoppable video is quickly becoming the future of e-commerce, and major social media platforms are taking note. With the rising demand for shoppable video content, social media giants like Instagram, TikTok, and Facebook are integrating shoppable video features into their offerings.
These platforms have massive user bases and powerful targeting capabilities, making them ideal for brands looking to reach a wider audience and drive sales through shoppable video.
Instagram has been leading the way in shoppable video, with a range of features that allow brands to tag products directly within their content. Shoppable posts, Stories, Reels, and IGTV make it easy for users to shop their favorite brands while scrolling through their feed.
With the ability to tag products in their posts, brands can provide a seamless and enjoyable shopping experience for their followers. Users can simply click on the product tags to learn more about the item and make a purchase without ever leaving the app.
TikTok has quickly become one of the most popular social media platforms, with over a billion active users worldwide. With such a massive audience, it's no surprise that the platform is testing various e-commerce integrations, including shoppable video ads and in-app shopping features.
Brands can leverage TikTok's highly engaged user base to reach new audiences and drive sales through shoppable video. With the ability to purchase products directly within the app, users can seamlessly shop their favorite brands without ever leaving TikTok.
As the parent company of Instagram, Facebook has been integrating shoppable features into its platform for some time. The platform previously added shoppable features to its live streams, allowing brands to promote products and drive sales during live events, although it sunset Facebook Live Shopping and Instagram Live Shopping by Spring 2023.
Facebook is also expanding its e-commerce offerings with tools like Facebook Shops, which will allow brands to create an online store within the Facebook app. This will further enhance the shoppable video experience for both brands and consumers, making it easier than ever to shop directly from social media.
Influencer marketing has become an integral part of the online shopping experience, and shoppable video is no exception. As the line between entertainment and shopping continues to blur, influencers are playing a critical role in driving the success of shoppable video campaigns.
Influencers can add tremendous value to shoppable video content by offering authentic product recommendations, engaging storytelling, and eye-catching visuals. When viewers trust and relate to the influencer promoting a product, they are more likely to make a purchase. Brands can leverage this connection to build awareness, generate buzz, and drive sales through shoppable video collaborations with influencers.
For example, a fitness influencer could promote a new line of workout clothes while demonstrating a workout routine in a shoppable video. The influencer's audience would see the clothes in action and be more likely to purchase them because they trust the influencer's opinion and expertise.
Many successful shoppable video campaigns involve a strategic partnership between brands and influencers. These collaborations can take various forms, including sponsored videos, product placements, or co-created content. Some examples of successful brand-influencer partnerships in the shoppable video space include Nike's collaboration with fashion influencer Julie Sariñana and beauty brand Glossier's partnership with skincare influencer Hyram Yarbro.
These partnerships allow brands to tap into the influencer's audience and leverage their credibility and expertise to promote products in a more natural and organic way. Influencers, on the other hand, benefit from exposure to new audiences and potential collaborations with brands in the future.
When considering influencers for your shoppable video campaign, it's crucial to choose the right partners. Look for influencers whose values, aesthetics, and target audience align with your brand's identity. Moreover, evaluate the influencer's engagement rate, as a highly engaged audience is more likely to convert into potential customers.
It's also important to consider the influencer's past collaborations and partnerships to ensure that they align with your brand's values and messaging. Finally, establish clear goals and expectations for the collaboration, ensuring that both parties understand their roles and responsibilities for the campaign's success.
For instance, if you're a sustainable fashion brand, partnering with an influencer who promotes fast fashion may not align with your brand's values and messaging. However, collaborating with an influencer who promotes sustainable fashion and shares your brand's values could lead to a successful and authentic partnership.
In conclusion, 2023 promises to be an exciting year for shoppable video, with key trends spanning live streaming, social media integrations, and influencer collaborations poised to shape the future of e-commerce. As the boundaries between content consumption and online shopping continue to blur, brands and consumers alike can look forward to a more engaging, interactive, and personalized shopping experience.
With the right influencer partnerships, brands can leverage the power of shoppable video to drive sales, build awareness, and connect with new audiences in a meaningful and authentic way.
Join the future of online shopping with GhostRetail's free shoppable video app. Easily tag products from your site to any existing video or create new ones, and watch your conversions soar.