NEWS
min read time
June 27, 2024

Reviewing the first half of 2024: A personal note from Sprii’s founders

Reviewing the first half of 2024: A personal

note from Sprii’s founders

Reviewing the first half of 2024: A personal note from Sprii’s founders
Table of Contents

2024 started off with a bang, as we returned to our offices with a renewed commitment to making our customers’ Live Shopping events truly shine and deliver even better results.

We did this with a 360 degree plan that involved all departments at Sprii. For example, our product development team made huge strides in improving platform performance and launching powerful new features. Our customer success department developed volumes of new knowledge base articles and tutorials to help you get the most out of Sprii. And our marketing team published a plethora of new eBooks, step-by-step guides, real-life cases, and webinars to help inspire and improve our customers’ Live Shopping initiatives. 

This period was also marked by remarkable achievements, significant growth, and unwavering support from our community. We entered new markets, spoke at conferences and think-tanks around the world, and welcomed some seriously talented new people to our team. 

Here are a few highlights from this year so far: 

Collaborative development and innovation

We always pay close attention to our customers' inputs, ideas, and suggestions, turning their feedback into a constantly evolving product development plan. At Sprii, we think of this as “collaborative development,” and this year, we’ve made numerous improvements, including:

  • Sharper onsite solution design and interface (see example below)
  • Improved live reminder deliverability score
  • Better order management interface and exports
  • A native streaming solution for Instagram
  • Better multiple webshop integrations
  • Enhanced gamification creation, presentation, and controls
  • A new level of intelligence for recognizing and accepting buycode typos

We believe these improvements significantly contribute to our customers’ success with Live Shopping, and we’re honored to play a role in their growth stories.

See how Zizzi is making the most of our new onsite solution design and interface. 

Loads of Live Shopping resources 

Our goal is to give customers the best shot at success with Live Shopping. To do this, we have created a whole universe of content to help them on their journey. 

In the past 6 months, we have published 40+ help articles, how-to guides, and video tutorials which you can read at our Knowledge Base.

Explore our vast library of inspiring Ebooks, Tutorials, Webinars, Articles and more.

We’re on a mission to inspire our customers and the retail industry as a whole about the power of Live Shopping. Which is why we’re continually fuelling our library of Inspiration with new articles, success stories, ebooks, guides and webinars. 

From our 2024 E-commerce Predictions ebook to our Recipe for the Perfect Live Shopping Event, we’ve invested heavily in sharing our best practices with our community. Leaning on the wisdom of our customers and industry insiders, we have run 7 webinars which you can watch on demand. 

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Inspiration: Learn how Create and Craft is winning with our new 30-day Success Plan

We also launched a 30-day Success Plan for all new customers, and we have already seen the positive impact of this. 

The UK-based craft supplies retailer, Create and Craft has been working closely with our Customer Success team, following the steps in our 30-day Success Plan. 

Since they launched Live Shopping Events on their Facebook and Instagram pages, they have hosted 11 live events, with total views reaching 66k and nearly 10k comments. This has helped boost their organic reach across the platforms to 1.7million on Facebook and 238k on Instagram. A whopping 98% increase! 

If you would also like to start making the most of Sprii, reach out to your Customer Success representative for access to this guide. 

Create and Craft has followed our 30-Day Success Plan and is truly winning with their Live Shopping events

Championing Live Shopping all over the world!

Our team has traveled the globe championing Live Shopping, and we’ve been invited to share our insights at industry conferences, events, podcasts, and with various industry media. Being featured in publications like Retail Week, Drapers, Retail Gazette, Netthandel, RetailNews, DetailWatch, and Dagligvarunytt, among many others, has been a testament to our impact.

Our CEO, Christian Degn Vester speaking at an E-commerce think tank

As pioneers in the Live Shopping realm, our team is always ready to share our insights on how to supercharge customer engagement and drive revenue! So if you need an inspiring speaker for your next event (conference or privately for just your company), feel free to contact us.

New markets and categories

Expanding beyond Denmark, we now proudly serve 2,400 customers across more than 10 countries, with the UK emerging as a key growth market. With household names like Joules, Create and Craft (Hochanda Global Limited), SCAMP & DUDE, and Plouise on board, we’re committed to making Live Shopping accessible and effortless for more brands in the UK.

New markets aside, we’re also experiencing a diversification in our customer portfolio. With roots in the fashion industry, we have always had a strong customer base in fashion and beauty, and in recent years have also grown to serve a large number of customers in the Home Decor, Food & Beverage, Electronics, Hobby & DIY, and Pet Accessory verticals.

Sprii serves customers in Denmark, Sweden, Norway, UK, Ireland, Netherlands, Spain, Germany, USA and Faroe Islands.

With more companies wanting to join the Authentic Commerce revolution, we’ve seen our first few Live shows for charity events (for example, Normal in collaboration with Lykkeliga). We’ve also seen stellar examples of how Live Shopping can be used for sports clubs and communities, such as The Danish Football League (DBU) and The Professional Squash Association (PSA). Contrary to the belief that Live Shopping only works for impulse buys, we’ve also welcomed a few travel companies like Primo Tours.

Sprii’s team and network is growing

Diversification of our customer portfolio further strengthens our platform and provides us with even more input to keep improving Sprii. New markets and more customers have also fueled our growth and ability to hire new employees to serve our community. 

The Sprii team at the unveiling of our new brand launch.

Today, we have nearly 50 employees working in Denmark, Sweden, Norway, the UK, Spain, Slovakia and Mauritius.

Entering new markets, we’ve also partnered with social commerce, video production, and marketing agencies across Europe. This helps our clients get access to supplementary services along with our Live Shopping Platform, such as social media marketing and video production services. Get in touch with our team for the list of Sprii partners in your country.

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Final thoughts

It’s been a whirlwind of a half year, and we can’t wait to see how the rest of the year will unfold. 

Whether you’re a customer, a partner, a service provider or one of our amazingly talented Spriinters, we thank you from the bottom of our hearts. None of this could be possible without you.

Here’s to achieving even greater heights together in the second half of 2024 and beyond!

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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