NEWS
4
min read time
August 14, 2024

Bonnier X Sprii: Why Live Shopping might reinvent advertising

Bonnier X Sprii: Why Live Shopping might reinvent advertising

Live Shopping isn’t just revolutionizing retail—it’s poised to reshape the advertising industry as well. This potential shift is exemplified by Swedish media giant Bonnier News’ recent partnership with Sprii, a collaboration that could redefine how brands connect with their audiences.

Bonnier X Sprii: Why Live Shopping might reinvent advertising
Table of Contents

In the rapidly evolving landscape of retail and E-commerce, Live Shopping is quickly gaining traction across the Nordics. Sprii is at the forefront of this movement, pioneering new ways to engage consumers. But Live Shopping isn’t just revolutionizing retail—it’s poised to reshape the advertising industry as well. This potential shift is exemplified by Swedish media giant Bonnier News’ recent partnership with Sprii, a collaboration that could redefine how brands connect with their audiences.

A New Era of Advertising

Live Shopping and social commerce have already made significant inroads in the Nordic retail sector. Major brands such as Flying Tiger Copenhagen (Denmark), Coop Nord (Sweden), and Kid/Hemtex (Norway) are harnessing this technology to engage with their customers in real time. Now, Live Shopping is emerging as a powerful tool for advertisers, offering a dynamic way to inform, inspire, and involve audiences.

This new application of Live Shopping technology is highlighted by Bonnier News Brand Studio’s decision to incorporate Sprii’s Live Shopping platform into its advertising and media offerings. Beginning this autumn, Bonnier will use Sprii’s technology to enhance the interactivity and effectiveness of its ad spaces, potentially setting a new standard for the industry.

Bonnier is an iconic media company, and we are excited to work with them to accelerate Live Shopping as a strategic channel. Media advertising presents a unique opportunity for Live Shopping to demonstrate its value in a new category and industry, beyond retail or E-commerce,” says Johny Larsen, Sprii’s Sales Director for the Nordics.

Redefining Customer Engagement

The rise of Live Shopping could signal a new era for customer engagement, especially in an online marketing space that has become increasingly saturated. Corey Morris, CMO at Sprii, emphasizes the importance of innovation in maintaining high levels of audience engagement.

Securing genuine and value-adding engagement remains one of the toughest challenges in marketing today. While technology has made certain aspects easier, the sheer volume of online content has led to stagnation in audience engagement for many advertisers. Something new was needed to disrupt this trend, and Live Shopping may well be a significant part of the future of sales and customer engagement. It could even reinvent advertising as we know it,” says Morris.

The Future of Advertising Is Here

As Live Shopping continues to grow, its impact on both retail and advertising is becoming increasingly apparent. With companies like Sprii leading the charge, Live Shopping could soon become a cornerstone of modern advertising strategies, offering brands a more engaging and interactive way to connect with their audiences.

The collaboration between Sprii and Bonnier News Brand Studio is just the beginning. As more industries explore the potential of Live Shopping, we may be witnessing the dawn of a new era in advertising—one where real-time interaction and genuine engagement take center stage.

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Sprii in Action

During a Live Shopping event, Sprii automatically replies to comments, creates orders for your customers, sends them a link to their basket, and handles payment and shipping.

5. Create hype & excitement during your events

The beauty of Live Shopping is that it can be used in so many ways. This is particularly valuable during Black Friday and Cyber Monday when businesses are looking to engage their viewers in as many ways as possible.

Here are 3 ways to create hype and get customers excited about your Black Friday events so you can achieve your revenue goals.

5. Create hype & excitement during your events

During Black Friday and Cyber Monday, potential customers often experience an intense pressure to participate in the shopping frenzy, driven by the fear that they will miss out on the best deals and discounts if they don't join in.

Live Shopping enables viewers to make purchases instantly while watching the stream, which can be especially effective during Black Friday and Cyber Monday when time-limited deals are available. This instant purchasing capability can drive sales during Live Shopping events.

With Live Shopping, consumers get the personal assistance of an in-store shopping experience and the convenience of being able to shop from the comfort of their own sofa or favorite coffee shop.

Viewers can get information from the retailer in real-time by asking questions directly in the Live Shopping event.

During a live show, viewers can ask questions and get answers in real-time. Even better, they can interact with each other and share their experiences with your products.

AspectTraditional E-Commerce JourneyLive Shopping Journey
Marketing ApproachHigh ad spend and several channels to attract shoppers to webshopLeveraging existing social media followers
NavigationRequires navigating through a static webshop to find products.Requires nothing more than watching a live video to discover new products.
Product PresentationProducts are presented through static images. Products are presented in a live video by engaging hosts.
Customer ExperienceFeels like a business transaction.Feels like a personal connection.
Engagement and InteractionLimited to static product descriptions, images, and occasional customer reviewsOffers real-time interaction between hosts and viewers, allowing for immediate Q&A, live demonstrations, and personalized recommendations
Customer ExperienceCustomers independently navigate the webshop and make purchase decisions without help.Customers are guided through products, receive helpful information, and can ask questions as well as see what others are writing and asking.
Conversion RatesRelies on well-designed websites and optimized marketing funnels to convert visitors into buyers.Often achieves higher conversion rates due to the sense of urgency and interactive nature of live events.
Customer Acquisition Cost (CAC)Higher CAC due to extensive marketing efforts across various channels.Typically lower CAC by leveraging social media followings and organic engagement during live events.
Return RatesHigher return rates due to customers not fully understanding the product before purchase.Lower return rates as live demonstrations provide a clearer understanding of the product, leading to more informed purchasing decisions.
Time to sellCan range from hours to weeks or even months. Often much quicker, ranging from minutes to hours.
Metric Traditional E-Commerce Live Shopping²
 Avg. Conversion Rate 2.5%³  Up to 60% (Sprii Data)
 Avg. View Time 54 seconds⁴ 20+ minutes (Sprii Data)
 Avg. Checkout Rate 45%⁵ 60% (Sprii Data)
 Avg. Return Rate 20-30%⁶ Under 10% (Sprii Data)
 Avg. Customer Acquisition Cost (CAC) +€50⁷ 0*
 Avg. Sales Cycle Hours, weeks, months Minutes