Month: May 2021

Insights

The Impact and Importance of New Technologies in the Oil & Gas Industry

According to Pew research Center, the majority of Americans seem to favor renewable energy sources. Over 80% of them support the expansion of solar panel and wind turbine farms, with support for offshore drilling, fracking, and coal mining declining more and more with each passing year. 

It’s no longer the question of whether the oil and gas industry needs to change – the question is how to do it. The slow downturn that started back in 2014 is still influencing many companies, and even though signs of possible recovery are becoming apparent, only the smartest, most adaptable of businesses are likely to succeed. 

So, what’s the key to triumph? It’s simple – new technology. Technological advancements can quickly lead to growth if you utilize them right. We’re here to show you how to do that. 

Consider AI technology 

Using AI isn’t just about doing things faster. The potential to improve processes is practically endless if you invest enough. You can make the entire supply chain exceptionally efficient with the help of AI programming that will quickly solve various development, production, and transportation issues that you’ve been struggling with. 

This doesn’t mean that AI will replace your people, either. Your most competent workers will now be free to use their creativity to think of new business solutions. The oil and gas industry is generally struggling with lack of new talents right now. Too many experienced workers (especially engineers) are retiring with not enough fresh young blood to replace them – the youth are simply shifting their focus to IT skills. Using AI in your company could actually attract these young talents and help you fill up your workforce with competent and eager workers. 

AI can also be used to measure seismic activity and analyze subsurface levels, minimize downtime for predictive maintenance, and predict risks of oil corrosion. Basically, if you’re not investing in AI right now, you’re bound to fail. All your competitors are doing it, and you need to beat them to the punch. 

Invest in the latest equipment

Outdated equipment is not only slow, but dangerous. Keeping old pieces around is a big hazard, so you need to assess every piece you own and figure out when was the last time you did maintenance or changed necessary parts.  

Something as simple as investing in new gate valves can make a huge impact on your business, especially if you get equipment made out of quality materials that are resistant to corrosion. If you haven’t taken stock of your inventory now would certainly be a good time – see which pieces need to be repaired, which needs some basic maintenance, and which need to be completely replaced with newer, faster, and sturdier models. 

Rely on robotics

Investing in robotics can turn jobs that were previously extremely difficult and dangerous into a breeze. For example, connecting and disconnecting drill pipes is something a robot can do with ease. This dangerous operation is crucial to the whole process, and with proper robotic advancements you can make sure no person ever has to risk their life to do it. 

Try out drone technology

A droid is small and it can fly – two characteristics that make it the perfect little soldier that you can send to all those places a human would have a hard time reaching or even find them inaccessible. This can make it a lot easier to monitor every single part of your operation and make sure everything is in order. 

You can carry out every inspection remotely and then have your drone take a high-resolution picture of anything you need. The drone will give you feedback in real time, and you can quickly react if you notice that anything is amiss. 

A drone can also help you map out rock outcrops and then have them be used to create 3D models that can act as a learning aid for new workers. 

Minimize the impact on the environment

The oil and gas industry, same as any big industry, needs to find ways to become more environmentally aware if it wants to meet the ever-increasing demands for a greener Earth. More efficient equipment, automation, and progressive air pollution control technologies can go a long way to helping you minimize the impact of your business on the suffering environment. 

The only way to improve public opinion of your operations is to keep these things in mind. 

Investing in the technologies we mentioned can help your business thrive. Not only will you make the whole process faster, smoother, and more effective, you can also minimize your impact on the environment. With AI, robotics, drones, and good equipment you will lessen the chances of oil spills, which are generally still one of the biggest and most dangerous ways the oil and gas industry causes harm. Find a way to make your business cleaner, safer, and smarter, and you’ll stay on top.

Uncategorized

5 Ways a Digital Skills Training Can Prepare Your Employees for Driving Your Marketing Online

Digital transformation is the integration of digital tools and tech into all areas (people and processes) of your business, essentially revamping how your employees work and delivering value to your customers.

But merely bringing in a digital toolkit without empowering your employees to take full advantage of its features and capabilities is equivalent to leaving money on the table.

It is one thing to purchase software that will help your team with digital marketing, and it’s totally another to have each employee fully leverage all the features offered by that software so they can supercharge your marketing efforts.

In fact, 30% of marketers claim that a lack of training in digital skills is the biggest barrier to success. And with customers fast shifting to online shopping and research, your teams must continuously upskill if you wish to ensure lasting customer relationships and business growth.

If you’re still on the fence about investing in a digital skills training program for your employees, here are six key advantages to consider.

It is a cost-effective way to tackle your digital skills shortage

Believe it or not, even with most people using digital tools and apps on a daily basis, there’s a digital skills shortage globally.

For instance, in a recent digital skills report, marketers across Ireland, the UK, and the USA, when tested for their digital competence, scored a mere 38% on average.

While an increasing number of companies are striving to hire top talent from a global pool (thanks to the remote work era), a more cost-effective alternative that also translates to better employee engagement is to cultivate those skills within the organization.

Training and opportunities for professional development are often the main priority for employees. So if you empower your employees with skills training using digital adoption solutions, not only will they be more productive but will also tend to stick around longer.

It equips your teams to drive more conversions and customer satisfaction

While not completely out of the picture, traditional advertising and cold calling are fast fading in terms of effectiveness. Today, most prospects tend to disregard cold calls, let alone convert. And traditional advertising methods such as billboard ads are way too expensive for most businesses.

As consumers become increasingly accustomed to digital, they rely less on the expertise of sales reps and prefer doing their own research.

So, you need to constantly upskill your sales, marketing, and customer service teams so they can competently leverage the same digital channels and platforms your customers use so as to reach, convert, and delight them effectively.

It enables you to stay ahead of the competition

Going all-in on digital is a data-driven approach to success, as all your marketing efforts become more targeted, efficient, and measurable. Each digital marketing technique, when executed competently, helps you gain a competitive advantage.

For example, correct use of social media platforms can improve your customer satisfaction and retention rates. A well-executed email marketing sequence can nurture lasting relationships through useful content at every stage of the buyer’s journey. Each campaign you run can be measured and optimized with analytics tools.

The common theme? Skillful use of digital platforms — which is only possible with digital skills training for your employees.

Digital skills training helps enhance customer experience

Digital skills training is crucial not just for improving your employees’ day-to-day productivity but also for your customer experience. With the ultra-competitive landscape today, your business’s top priority should be to delight customers by ensuring an outstanding experience.

The customer experience (CX) comprises every positive or negative experience that a customer has with your company and directly influences their likelihood of doing business with you. In fact, a recent report shows that businesses that enhanced their CX doubled their conversion rates.

As you know, an increasingly big chunk of your audience is turning to online purchases using their smart devices, so to enhance your CX, you must focus on upgrading the digital user experience (UX). This means your employees must know how to use modern tools to build an intuitive, functioning, responsive business website and deliver omnichannel customer service across social media, email, etc.

Moreover, using customer feedback with the help of online survey and analytics tools, your employees can collect and use customer data to provide a more personalized experience to your customers which, in turn, results in more sales and customer satisfaction.

Exceptional customer experience can only be attained with successful digital skills training for all your employees.

It improves team collaboration

Your employees likely wear several hats and juggle numerous tasks all at once. So, it’s easy for them to lose track of priorities.

Digital skills training for project management tools like Asana and Trello ensures your employees are on the same page and collaborate efficiently. With such digital tools, they can readily assign tasks, set priorities, and maintain accountability for each campaign.

Not to mention the fast booming trend of remote working is now the new norm owing to the COVID-19 pandemic. Tools like Slack or Skype facilitate smooth and instant communication and teamwork on marketing campaigns even when they’re sitting thousands of miles apart. 

Digital skills training is how you prepare your employees for working together effectively on marketing campaigns and in turn, drive better results.

Closing thoughts

From motivating employees and enhancing the customer experience to improving team collaboration and optimizing marketing campaigns, effective digital skills training is pivotal to your company’s immediate and future success.

Uncategorized

What Is a Normal Markup Percentage in a Small Business

Markup is said to be the selling price of a product or service to figure out how much it will cost to make them.  As the owner of business, you need to know that the success of business is dependent on profit. Pricing is one of the most important factors for company profit. There are so many things related to pricing from material & labor to the office rent & bills. 

Setting up the prices too low or too high might be the reason to miss out the customers.  That’s where the concept of markup and profit comes in. calculating company profit is important make business strategies. For ease, you can use the markup formula or an online markup calculator that measure the markup and profit by the given value of cost and revenue.

What is markup?

Markup is the amount of money you charged for product or service. You can say that markup is the difference between the selling price and cost of the product or service. It is expressed in the form of percentage over the cost. Markup is added in the total cost by the manufacturer of the product to cover the cost of production, and it helps to make profit.

Calculating the markup with large values is difficult and confusing task. Business owners use different business tools for calculating company cost and revenue. Percent markup calculator is one of them that help to calculate the cost & revenue, which depends on markup and profit.

Typical Markup percentage:

The usual markup is approximately 50 percent. Through which you can set the price of the product according to the market requirements. There are few other things that are important to consider as a small business owner, especially you are reselling the products in retail, which is manufactured by someone else.

At the time of calculating the markup, it is always important to keep in mind the suggested retail price of the product by the manufacturer.  There are so many complexities during the manual markup calculation. So, try the percent markup calculator that tells the ideal markup price of the product or service.

Pricing the products or services:

If the cost of the product is high, might be possible that your price attracts the people in the retail market but the number of customer might not be sustainable. Markup calculations are very important of the small business financial tool kit. A simple formula is used to determine the markup, profit, and revenue of the product.

The markup formula helps you to set the retail price of the product. You can also use the markup percentage calculatorallows you to determine the markup percentage, cost, profit, revenue, margin of the product.

Importance of Markup:

Markup is very important for the small businesses and it helps you to know that you’re earning enough money. So, you can grow and expand your business by developing the best strategy. It also helps to make the business strategies more effective. For example: if you know how much your company is generating, then you can invest your money in better ways.

Markup and profit for your small business:

It is important for business-men to know how much markup should be to make a profit. Well! There is no specific standard for the markup percentage. The markup is based on the industry and its percentage can range within the industries. You can use the keystone pricing when you’re deciding your markup. Keystone pricing is the place where you can see the initial markup of fifty percent for all the products.

You can make more profit for in business by setting up the prices with the appropriate markup percentages. You could price the product too low or high due to the lack of knowledge about how to price the products effectively. By knowing how to determine the percentage of markup can help you to set the profitability goals. Using the markup formula can help you to get an idea about how much profit you can make. You can also give try to markup calculator that helps to figure out the markup & profit according to the cost and revenue.

What Is a Good Profit Margin?

Good profit margin depends on some of the factors such as industry, goals for the expansion, and economy. Sometimes it seems like comparing apples with oranges. Consider the two important factors to understand what a good profit margin is. One of the factors is entitled with industry and the other is known as age of business.

Industry:

Different industries have different profit margins so; we can say that not all of the industry has same profit margins. For instance: Let’s suppose that a firm related to accounting can have the profit margin twenty percent, where a technology consulting firm have the margin of 10 percent. Both the business is successful in their niche.

Business Age:

In some of the cases, the new businesses may have an inflated profit margin due to the lower operating costs such as fewer employees, smaller facilities. On the other side, the older businesses can have more stable and realistic margin.

In other words, you can’t consider the single profit margin as good. Compare your business with the other industries to figure out how much good your profit margins are from others. Before making any conclusion must consider how much your business is established.

Final words:

Hypothesis is said to be the critical part in any kind of exploration. In statistics, hypothesis is a statement and on the base of this statement hypothesis testing is conducted. To test the relationship of two or more things, you need to conduct the hypothesis. Most of the people set too low and too high prices for their product and this is the main reason for their business loss. If you want to make profit in huge amount, then it is very important to set a balanced price that meets cost of producing the product and also meets your profit goals.

Tips to Improve Your Core Web Vitals Scores and Page Experience Signals new banner
Insights

Top 6 Tips to Improve Your Core Web Vitals Scores & Page Experience Signals

The deadline for improving Core Web Vitals Scores & Page Experience Signals is nearing for eCommerce Website Design Service providers all over the world. From the 1st of May 2021, Google is going to introduce core web vitals scores metrics on its algorithm as the vital contributors to predict the page experience of the eCommerce sites.

It is too early to predict how it is going to create an impact on the website performing organically or its search engine results. However, it is assured that the upcoming Google algorithm update with Core Web Vitals & Page Experience Signals will create a significant impact on boosting the ranks of eCommerce or retail sites.

Here this article is dealing with the top 6 effective ways to boost core web vitals scores & page experience signals. Before going to the core topic, let us brush up with the basics.

What are Core Web Vitals Scores?

It is a set of metrics specially created by the search engine giant Google to measure the page load performances of a website. When these metrics combined with the existing Google Page Experience Signals, it will provide an important contributing factor to predict the User Experience of a particular website.

Here are the 3 key core web vitals metrics that predict the user experience of a site.• Largest Contentful Paint (LCP): Metrics that measure the loading performances of the large image/videos/animations of a website.• Cumulative Layout Shift (CLS): Metrics measuring the visual stability of a website that can disturb users to access the page/site content.• First Input Delay (FID): Metrics that measure how a website responds to the first user interaction.

Elements That Determines Page Experience of a Website 

Web Development Company offering custom PHP development services for eCommerce sites must take care of these elements for boosting its overall page experience.• Core Web Vitals• Mobile Friendliness• Safe Browsing• HTTPS• Non-Intrusive Interstitials

To improve the core web vitals scores and page experience signals of the site and to lineup according to the upcoming Google Algorithm update from 1st of May, implement these 6 tips.

Tips to Boost Core Web Vitals Scores & Page Experience Signals 

1. Reduce & Optimize JavaScript (JS)

Optimizing JavaScript (JS) or removing unused JavaScript (JS) will reduce the time taken by the browser to execute the website’s JS code; as a result, the loading time of a website improves a lot. As per the Google Algorithm report, a site has more than 300 milliseconds for interacting with users marked with poor FID score.

2. Implement Lazy Loading 

The lazy loading technique avoids images of the site loading when the site opened and loads them during the exact moment when a user views it. Implementing lazy loading won’t harm the site’s UX or web vitals scores, instead, it will boost the site’s loading time. In addition, lazy loading restricts bandwidth usage and restricts the site’s bounce rate.  

3. Image Optimization

Optimizing & compressing images of a website can significantly boost the loading speed of a website. Many may convey as compressing an image will affect the image quality, but the quality of the may differ only if it zoomed or saved in the wrong format. Always use .jpg format for images in landscape and .png format for graphical images.

4. Improve Server Response Time

Server Response Time plays a crucial role in displaying content/images on the browser when a user opens a website. The server response time will directly affect the site’s loading metrics. So, it’s better to choose a web hosting service that offers faster server response time. Google suggests using hosting servers that offer server response time below 600 milliseconds.  

5. Avoid Intrusive Interstitials

Having intrusive interstitials will create a negative impact on users while accessing the important on-page content. Intrusive interstitials will consume a significant amount of screen space causing frustration among users on accessing the site content. To avoid such negative UX, redesign site pop-ups and other interstitials in such a way that they do not obstruct users to access site content.

6. Incorporate HTTPS Connection

Implementing HTTPS secure connections to a website will be a promising way to boost the page experience signal. The internet giant Google always tries to ensure its users accessing safe and secure websites through its search engine results. So, having a site with an HTTPS secure connection will improve the site’s SEO score and creates more trust among the users.

Apart from that make sure to use Mobile-Friendly Page Templates, as mobile traffic is going to be the key aspect for driving more visitors to the website when compared with desktop traffic.

Conclusion

Incorporate all the above-listed page experience optimizing techniques to improve the web vital scores of a website and experience the positive effect on the upcoming Google Algorithm update.  

Uncategorized

5 Best Content Writing Tips

We know what it’s like to read a really good piece of article, a book, a pamphlet, or an introduction. We’ve had them before. It’s engrossing, evocative, and addicting.

So why not some content live up to such experience. Why do we jump from websites to websites, blogs to blogs, and often leave unsatisfied.

The truth of the matter is bad writing exists. Even with the writers’ best intentions, some results don’t serve the readers well. They can be too complicated, or laden with typo and grammar errors, incomplete – the list goes on.

Good news, though: There’s a recipe for good quality writing that some authors seem to forget. We will discuss some of those vital components.

Hopefully, as you walk away, you’ll look out for those in the articles you read. And make your own content a better one too.

1. Good Content Knows Its Audience

For writers out there, know your audience.

I know you might have read this type of advice on almost any articles about better writing. But this is where most writers fail to acknowledge. When I say write for your audience, you have to be sure of your readers’ goals, personality, and professional backgrounds.

I’m sure some of you have heard the advice on using brief sentences, simpler words, and compact paragraphs. But that advice is crap. Not all readers are fond of that style, and indeed, it doesn’t work on some niche websites and topics.

Take, for instance, legal websites. Most writers in this field use highfalutin words as well as complex-compound sentences to expound their thoughts. And that’s ok. Sure, it won’t work in marketing and their target audience will find it complicated. What works for one website may not work for another.

So in considering the target audience — their vocabulary, education, experience — you’ll tailor better content that will satisfy their search queries. The kind of style, paragraph, and sentence length will vary. But once the audience persona is built beforehand, everything will follow through.

Take a look at this introduction from a logo design article:

Source: DesignCrowd

It’s simple. The writer avoids highfalutin words and long paragraphs. Given that the audience is mainly business startups planning to rebrand their logo designs, it’s perfectly fine to have it written this way.

Read on to see how different is this type of content from the Harvard Legal Review, one of the world’s most influential law journals:

Source: Harvard Legal Review

Compared with the DesignCrowd article, this uses long paragraphs and sentences. This makes sense due to its reputation as a resource of legal professionals, business executives, and political figures.

By now, we see that imposing a specific style on writers is crappy advice. What you need to focus on is the reader. And anything that provides value to the audience will level up the quality of any content.

2. Personal Stories Sell Better

Two million articles are published every day. That’s a massive amount of content. The online world is already saturated with answers from all different types of content creators. So how do you stand out?

My writing professor once told me that if you’re not an expert in a field, where certainly someone will always be more knowledgeable than you, the best way to craft your writing is to sprinkle some of your personal experiences.

It’s personal for a reason. It’s unique and no one has the same experience other than you, so other people can’t tell your stories.

Most importantly, though, stories sell. People are more likely to purchase a product and service when they are presented with customer stories and experiences. It’s science. We’re just more biologically wired to believe stories than facts.

Plus, it’s delightful to read a personal take on something. It makes the writing fun and you know for sure you won’t find that exact experience elsewhere.

Source: The New York Times

While some articles will introduce the readers to facts and definitions, this article from the New York Times is brushed with a personal touch.

One advantage of writing in such a way is that you don’t have to be an expert on a topic. (Note expertise helps a great deal when it comes to answering queries.)

You just have to be honest with yourself and with your readers about what you went through or how something made you feel.

Ironically, it builds credibility as readers will find you as someone they can trust and whose writings they can rely on.

If you’re still doubtful over the importance of stories. Take these words from the founder of Apple, Steve Jobs:

”The most powerful person in the world is the storyteller. The storyteller sets the vision, values, and agenda of an entire generation that is to come.”

3. Linking To Studies Builds Credibility

Personally, I love checking links that refer to certain studies mentioned in the article. I’d love to make sure that the statistics are accurate and fair.

Especially for articles that have a bold perspective, any studies that support their view should have an anchor link to the original research. Or else, people will inevitably think it’s all made up.

Take a look at this article from the New York Times. There’s a link that points to the study. Someone who wants to read further on the statistics can jump on that link than rummage the Internet.

The link refers to this study:

Source: The New York Times

Linking to authoritative is good for the article in several ways. It bolsters its domain rating and builds readership credibility.

But most importantly, readers will know the writer did a good job. That they have an educated and research-backed opinion from a wealth of credible sources.

The keyword though is credible. Steer clear from shady studies commissioned by companies as promotional opportunities. Knowing where to link to is part of the skill.

4. Quotes Leading Experts, Pioneers

The New York Times is a good example of this, hence they trump most blogs and online news sites.

If you noticed, I mentioned lots of examples from the “leading newspaper of record.” And their use of expert quotations is one reason I applaud their content.

Sure it helps to have a writer who’s been in and out of the industry. But it takes a different level to provide what real experts have to say. 

Quotations from people mark high-quality content, especially if they have spent years in the field, have written a book, or have led a laboratory, a company, or an institution.

Below is an example of an article with good quotation. Dr. Clua is an expert in shark profiling and so it makes sense to write down her opinion on the matter.

Source: The New York Times

You might be thinking, that’s a newspaper. And newspaper reports are largely on politics where lots of people in the dividing line have something to say.

But I believe, even content marketers and other writers can learn from this way of writing if they want to level up the quality of their output.

Whether the topic is about the sickness signs of dog poop, someone has to be credible enough to tell what’s the deal about it.

Take a look at this article written by Neil Patel on his blog. He used the words of Jay Baer to expound on ideas

Source: Ubersuggest

Many content marketers fall prey to the notion that their ideas and voice alone are enough to spread awareness without needing the perspectives of other influencers in the field.

Influencers are not only good resources of ideas, but also they’re opportune promoters of content, according to Andy Crestodina, content marketing expert and author of a best-selling book Content Chemistry. “An ally in creation is an ally in promotion.”

5. Visuals are Captivating

When was the last time you’ve been to a website with no graphics at all? It must have been a very long time.

Whatever websites we look at, we always see a picture or two displayed at the top, middle, sides, even at the bottom of the page.

Websites are constantly vying for the readers’ attention. And to hook readers, apart from using engaging titles and introduction, web owners bombard them with high-quality photos and flashing images. Why not, people process images 60,000 times faster than text. That means, we can interpret visuals in 13 milliseconds.

One recipe for a good article comprises visuals. We see it on Ahrefs, on the Washington Post, Masthead, and a lot more, so much so that it has become the typical way to a good quality content writing.

Certain websites are good examples of visual explainers. Ahrefs, for instance, whenever they need to make a point, there’s a picture. In fact, for most categories, there has to be an image supporting it.

Source: Ahrefs

But a warning, though, excessive use of images can strain the reader’s eyes. It can be heavy to see so many pictures in a single content. So use it sparingly and with a clear purpose. If it’s there to demonstrate something that no links or other content can help, then it’s good. Other than that, a simple block of word explanation or bulleted lists might help.

To Wrap It Up

Is there already too much content across the web? If we’re talking about low-quality crap. Sure there’s lots of it. But high-quality ones are rare. In fact, it’s increasingly difficult for typical people to access articles when paywalls block a good deal of authoritative websites.

So if you are going to write something, be it for marketing or politics, write something that really provides value.

Know that, although you’re the writer, it’s not about you. Your content has to help your readers. Give them the answer they need, the entertainment they want, or the inspiration they long for.

Uncategorized

Social Commerce in 2021: Why it is Important?

If you’re marketing your brand online, you can’t ignore social media. At 3.96 billion, more than 50% of the world’s population now uses social media platforms. 

This means that you would have access to a massive segment of your audience if you make your presence felt on these platforms. While numerous brands use social media marketing to drive brand awareness, lead generation, and sales, they tend to miss out on social commerce.

Going into 2021, social commerce is an important strategy that you must add to your brand’s marketing plan.

But why is it important?

Before we answer that, let’s take a quick look at what exactly social commerce is.

What is Social Commerce?

Social media marketing focuses on leveraging social media to drive traffic to your website to generate sales. However, social commerce differs from it in that it’s all about developing an ecommerce experience on social media itself. 

In essence, instead of driving traffic away from social media to generate sales, it’s all about offering your prospects the option to checkout on social media directly.

Doing so has a lot of advantages; let’s take a look at them to understand why you can’t afford to ignore social commerce in 2021. 

Importance of Social Commerce

Whether you’re starting an online business or already have an established one, here’s why you should incorporate social commerce into your digital marketing strategy.

1. Rise of Ecommerce

The adoption of ecommerce has been gradually increasing over the years. Ecommerce penetration increased to 15% of retail sales by the end of 2019. 

However, the COVID-19 pandemic accelerated the penetration manifold. By April 2020, this penetration had increased to 25%. 

Image via WARC

This increased adoption of ecommerce has provided a tremendous boost to ecommerce stores. And this also means that you need to make your presence felt on social media because that’s where a lot of product discoveries begin. 

In fact, about 60% of people discover new products through Instagram — and that’s just one of the many social platforms.

By incorporating social commerce into your strategy, you can improve the chances of your products or services getting discovered on social media.

2. Smooth Shopping Experience

One of the biggest advantages of using social commerce over social media marketing is that all the steps of the sales funnel happen on social media in the case of social commerce. However, in the case of social media marketing, you need to get your audience to first discover your product and then convince them to click on your CTA and head to your website. 

These steps not only complicate the process but also increase the chances of people dropping out of your funnel as there are additional steps involved. 

What’s more?

Some people may not trust your website and might not buy from you. But this wouldn’t be the case on social media as the chances of them trusting the social media platform are greater.

And that’s not even the best part…

When you use social commerce, you’ll be able to reduce the number of steps required to complete the transaction too. You could offer options like one-click purchases to make it easy for your prospects to buy from you. This can have a direct impact on your conversion rates.

3. The Push from Social Platforms

Social commerce has an important place in social media’s future. When you adopt social commerce, you’ll also benefit from the push that social media platforms like Instagram and Facebook are giving to it. These platforms have come up with special features to make it easier for brands to list their products for sale on their platforms. 

Facebook has come up with the Facebook Marketplace while Instagram has developed Instagram Shopping. Using these features, you can sell your products on Facebook or Instagram and help your customers complete the purchase without having to leave the platform.

This greatly simplifies the work that you need to do to list your products on social media as all of the infrastructure is provided to you.

4. Shoppable Posts

While this particular feature is specific to Instagram, it makes social commerce even more attractive for brands. You can pick out products from your shop and add them to the posts that you share on the platform. 

These posts will sport a small shopping bag icon and your audience can shop for the products directly from these posts. All that they need to do is click on the post and select the product of their choice and checkout. It’s that simple!

But wait, there’s more…

That’s not the only thing that you can do with Shoppable posts. To unleash the true potential of Shoppable posts, you need to partner with Instagram influencers. 

The idea is to get them to create shoppable posts for you. For this, all you have to do is send your products to them and encourage them to create posts where they’re using them. 

They can then make these posts shoppable and you’ll instantly have access to their wide and engaged audience. All their followers will be able to purchase your products after seeing them in the post within a few clicks. 

This can help you make a lot of money as you’ll be able to get the benefit of both a short sales process and the engaged audience of an influencer. 

For instance, note how Shop WeWoreWhat has shared this post featuring Danielle Bernstein. Their followers can purchase both the products displayed in the post by clicking on them and checking out. 

Image via Instagram 

Final Thoughts

Ecommerce registered exponential growth in 2020 due to the COVID-19 pandemic and to take advantage of this, it’s essential to do everything you can to reach your prospects.

And that’s exactly why you can’t afford to miss out on social commerce going into 2021. It helps your prospects complete their purchases on social media, shortens the sales process, and offers a smooth shopping experience.

What’s more?

Various social platforms like Facebook and Instagram are even coming up with new features that encourage social commerce.

One such powerful feature you can leverage is shoppable posts on Instagram. You can amp up your reach and sales even further by partnering with influencers and getting them to create shoppable posts for you. 

Do you have any questions about social commerce and its importance? Let me know in the comments section below.

Author Bio:

Gaurav Sharma is the founder and CEO of Attrock, a results-driven digital marketing company. Grew an agency from 5-figure to 7-figure revenue in just two years | 10X leads | 2.8X conversions |  300K organic monthly traffic. He also contributes to top publications like HuffPost, Adweek, Business 2 Community, TechCrunch, and more.