Facebookisrevolutionizingretailbusiness

Facebook is revolutionizing retail business

Since the advent of the internet, a lot of things have been happening in the business world. Individuals, business units, small and medium enterprises and multinational companies are all trying to find an ideal space to reach to their respective target audience and customers using social media platforms. Retail industry, specifically, has seen a great transformation using social sites and many players in the industry have invested considerable amount of time, human resource and money to succeed. Nevertheless, it is essential to understand that Facebook is a busy platform and targeting the right people is the surest way of getting the best out of your digital marketing schemes.

Facebook, currently ranked as the number one social website has provided better platform for retailers to promote and market their products and services to the entire universe. Reports from several digital marketing surveys show that conversion rate of potential clients into actual consumers of products and services is higher than on any other social site. And you could tell why every now and again when you log in into your Facebook account you will always find a suggestion to join or like a particular link for retail business. Retailers have resorted to using it more than the traditional methods and the outcome for those who get it right is just amazing

Another thing is that retailers especially those that are in the category of small and medium often find Facebook as a cost-effective means for marketing. Statistics clearly indicates that when compared to traditional methods of marketing, you end up saving a considerable amount of money than you would think and interestingly, attain better results. What happens is that Facebook provides that opportunity for the retailer to engage with the client directly, which apparently makes it easy for both parties to connect. It is unlike the conventional methods where the clients in most cases find it difficult to consult or contact the seller in the event that they do not understand any particular aspect regarding the good or service rendered.

Furthermore, the impact that Facebook has on businesses has seen commendable developments on the site to help the retailers to maximize on what would necessarily be ad tools. You see in the recent past, the site developers have chosen to come up with certain tools that facilitate marketing of products, which is essential given that the number of active users that access the website on monthly basis continues to grow. It is not fundamentally ideal to hinder the efforts of retailers provided that they restrict their activities within the stringent measures since Facebook is a social site and through such interactions, it also achieves its objectives.

More than 65% of retailers have shown interest in increasing funding and more human resource in their digital marketing campaigns in 2018. This is specifically targeted on Facebook in a bid to see whether such an action might be helpful to their websites in terms of driving desirable traffic and converting the visitors into actual buyers. The survey further found out that Facebook is effective in joining the dots such that it allows the various merchandisers to aptly enhance the consumers’ shopping experience through expedited purchase process.

To further better the usability and efficiency of Facebook, most of the retailers are opting to outsource the services of digital media experts to help them out in advertising their businesses on this particular platform. It is an advantageous methods of attaining the best results given that most of these experts often generate great content that is specifically targeted to the particular clientele using effective tools. We can therefore all attest that Facebook is transforming retail business at a speedy momentum and it has since become more than just a social networking platform.

The best is yet to be seen on Facebook as far as digital marketing spaces are concerned if the emerging trends are anything to go by. It has gotten to a point where a large percentage of the world’s population is using smartphones and other devices that easily access the internet. It is thus projected that the future of digital marketing is still on right track and shape the outcome of retail industry for as long as it lasts.

Buy Now

0 replies

As a guest user, you can still reply to conversations. Just press the "Reply" button below, which will prompt you to sign in or sign up on Mogul before your Reply posts.




Report this post
Report this post

Want your dream job or internship?

Join the women worldwide who discovered their next opportunity on Mogul.

Get My Dream Job Now

Moguls Interested in Kenya

Want Your Company Featured?

Establish your company profile on Mogul to attract top talent.

Contact Us Now

Related Marketplace

See All Marketplace

Trending Jobs

See All Jobs

Trending Questions

See All Questions

Trending Stories

See All Stories