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Did You Know?
Over 3 billion videos are viewed a day on YouTube.
More video is uploaded to YouTube in one month than the 3 major US networks created in 60 years.
Retail site visitors who view video stay two minutes longer on average and are 64% more likely to purchase than other site visitors.
Comscore, August 2010
68% of social media users go to social networking sites to read product reviews
Facebook has more than 800 million active users and more than 50% log on on any given day.
48 hours of video are uploaded every minute to YouTube.
Internet Retailer reports that shoppers who viewed video on Stacks and Stacks product pages were 144% more likely to add to cart than other shoppers.
Internet Retailer, March 2011
71% of online adults use online video sites.
In July 2011, 86.0% of the U.S. internet audience viewed online video
How Social Media Influences Millennials’ Commerce Decisions
Posted by CJ Bruce
Millennials are more oriented towards social commerce than the Boomer generation, and they’re growing up. They are more influenced by user generated content, they trust the opinions of strangers over their friends and they share opinions about products to benefit other consumers and not the brand.
As a brand, the smart move is to get active in social media and listen to your customers early and often. If you aren’t active, other people will be on your behalf and that can have a strong impact on how shoppers perceive your brand. Give the customers the social tools they crave, join the conversation and take advantage of social commerce opportunities today.
Click the graphic to see full size.