When will YouTube be a transactional video shopping site?
This week, eMarketer cites a study by InternetRetailer which reveales that already 41.4% of all Top 500 online retailers are present on YouTube. That’s the second most used social site after Facebook where more than 57% of retailers are trying to do business. So far social networking sites have been seen by many retailers as part of a multiple-points-of-entry strategy to the e-commerce site. That’s where we wanted to attract the traffic to because that’s where the user is less distracted by other offers. At least, that used to be the common belief. But the article points out an interesting fact that will make us rethink this “single- point-of transaction” strategy” again, especially for those retailers using video for selling. Shopping is (and always was) a social act, so it’s common sense to let people shop among their friends at their favourite social networking sites. That’s why forward-thinking retailers want to bring their Web stores to the environments where their customers like
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