ARTICLES
5
min read time
November 21, 2024

How to Maximize the Effect of Your Live Shopping

How to Maximize the Effect of Your Live Shopping

Live Shopping is revolutionizing e-commerce with real-time interactivity that boosts engagement, sales, and loyalty, but requires strategic marketing and data insights to maximize its impact.

How to Maximize the Effect of Your Live Shopping
Table of Contents

Live Shopping is rapidly transforming the e-commerce landscape, bringing a real-time, interactive dimension to online retail that can drive customer engagement, increase sales, and build brand loyalty. However, to truly maximize the effect of Live Shopping, companies need a strategic approach to their marketing and data collection at every stage of the event.

Before the Event: Build Anticipation with Targeted Marketing

The success of a Live Shopping event hinges on the number of engaged participants you can bring in. In the lead-up to your event, it's essential to harness both organic and paid marketing tactics to build anticipation and encourage sign-ups. Here’s how:

  • Create a Multi-Channel Campaign: Share teasers across your social media channels, website, email newsletters, and even SMS to ensure your audience knows the event is coming up. By combining channels, you can reach more potential attendees and build awareness effectively.
  • Paid Advertising: Use targeted paid ads to reach a wider audience, emphasizing the exclusive nature of the event. Paid ads allow for precise targeting, ensuring you reach users who have shown interest in similar events or products.

The goal here is to increase RSVPs and build excitement so that your audience is invested in attending when the day arrives

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During the Event: Boost Real-Time Engagement

Once the Live Shopping event kicks off, the focus shifts to keeping your audience engaged and drawing in additional viewers. These marketing strategies can help drive more traffic in real time:

  • Boost the Live Stream: Use paid ads to promote the event as it happens, putting it in front of users who are actively online.
  • Encourage Interaction: Interactivity is a hallmark of live shopping, so prompt viewers to ask questions, participate in polls, or engage with product demos. Consider offering limited-time discounts or exclusive offers to encourage spontaneous purchases.
  • Share Across Platforms: Stream your event across multiple platforms or share live updates on your social channels. This real-time sharing can attract more viewers who may have missed earlier announcements.

After the Event: Leverage Data for Continued Results

The benefits of a Live Shopping event extend well beyond the stream itself. By collecting andanalyzing data from the event, you can develop effective remarketing strategies tore-engage attendees and drive further conversions.

  • Remarketing Campaigns: Use the event’s data to segment attendees by engagement levels and purchase behavior. For example, attendees who watched the stream but didn’t purchase can be retargeted with product ads or special offers. This can be especially effective for customers who need an additional nudge to complete their purchase.
  • Upsell to Buyers: For attendees who did make a purchase, consider running follow-up campaigns that introduce them to complementary products, new arrivals, and of course future Live Shopping events.
  • Analyze for Future Improvements: The data collected during the event – from demographic metrics to conversion rates – offers invaluable insights. By analyzing what worked and what didn’t, you can refine your approach to make your next Live Shopping event even more successful.

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Why Marketing and Data Matter for Live Shopping

  • Each stage of a Live Shopping event presents unique opportunities to engage customers and drive sales, but it’s the combination of well-planned marketing efforts and actionable data insights that truly unlock the potential of Live Shopping.
  • Employing a data-driven marketing strategy creates a cycle of engagement that starts before the event, peaks during the live experience, and continues long after, driving revenue and building long-term customer loyalty.
  • By following these steps, you can ensure that every Live Shopping event not only generates immediate sales but also sets the stage for continued success.

Article written by our partner Social Zense

Social Zense is an award-winning marketing agency specializing in data-driven strategies and advanced paid marketing across social media and search engines.

Founded by two former Account Managers at Meta, Social Zense was born from a vision to create an agency that combines deep expertise in digital advertising with a strong focus on the customer journey and data-based insights.

Since its start in 2018, Social Zense has grown to become one of Sweden’s leading agencies, partnering with companies of all sizes in markets across the globe to drive impactful, measurable results.

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Linn Färdenstam
Marketing Coordinator at Social Zense
Author
Linn Färdenstam
Marketing Coordinator at Social Zense

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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