Social Media has become an integral and powerful tool for online retailers to engage customers. Use of social media properties and tools to interact with‚ incentivize and influence transactions has evolved from one of the activities brands did to a science that deserves focus and attention. Larger brands are carving out specialists teams to improve sales using social media.
Given the cost of customer acquisition, retention becomes a key target for online retailers. Social Media and Social Commerce play a very important role‚ as they help brands build communities which in turn helps them stay connected with their consumers.
At the Aurum CXO Dialogues listen from experts on how your brand can leverage Social Commerce‚ and what insights we can take from some of the early adopters of Social Commerce.
Social Commerce: The new way of acquiring and engaging customers
1. E-Social Commerce:The new way of
acquiring and engaging customers
Aurum-DealCurry CXO Dialogues
__________________________________________________________
Webinar on the 16th of January 2015: 3pm – 4pm
2. Aurum Equity Partners LLP
An investment banking firm, with a depth of diverse-sector experience.
3. Founder and Managing Partner
Sanjay Bansal
Sector specialization:
• Education
• Consumer Markets & Retail
• Agriculture Food & Beverages
• Real Estate & Hospitality
• Technology &
• Automotives
Deal Experience:
20+ years experience spread over
100+ deals
Previous Work Experience:
• Ambit Corporate Finance (Co-
Founder and Managing Director)
• Arthur Andersen Global
Corporate Finance
• KPMG Corporate Finance
• AF Ferguson and Co.
Academic Experience:
• Chartered Accountant (The
Institute of Chartered Accountants
of India)
• Advance Management Program
(Kellogg Business School)
• Bachelor of Commerce (Honors) -
Siri Ram College of Commerce at
University of Delhi.
Conferences & seminars:
Regular speaker at M&A, Private
Equity, Education, FMCG , Real
Estate & Hospitality Conferences.
Memberships:
• Charter member - The Indus
Entrepreneurs (TiE)
• Investor member - Indian Angel
Network
• Member of RICS (A global real estate
body)
Speaker Profiles
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this document, or an invitation to offer.
Disclaimer
6. What is Social Commerce?
Wikipedia Definition
Social commerce is a subset of electronic commerce that involves social media,
online media that supports social interaction, and user contributions to assist
online buying and selling of products and services.
Definition for You
Social Commerce is about customers having the means to interact with one
another in order to make better buying decisions
A perfect bond where social media and social interactions are leveraged to
promote buying and selling of products and services
8. Why Social Commerce?
Visibility to a Larger Audience
Cost Efficient and Better Targeted Marketing
Lower Customer Acquisition Cost
Better Marketing ROI
Word-of-Mouth Marketing (i.e., viral marketing) is free advertising
More Loyal and Engaged Customer
24x7x365 Active Engagement with Customer
Better Customer Insights
Maintains Direct Connect with Communities
Source Credibility – Making Sales and Marketing Messages more Believable, Persuasive
and Trustworthy to the Customer
Public Relations
10. What's Driving Social Commerce in India?
• India Positioned as Fastest Growing Socially Networked Market
• 112 Million Facebook Users in India (~65% of Internet Users in
India – 2nd Worldwide)
• 18 Million Twitter Users in India (4th Worldwide)
• 26 Million Linked In Profiles from India (2nd Worldwide)
• 55+ Million You Tube Visits Per Month (Approx 36% of Online
Population in India)
12. Social Commerce Dimensions
Rating & Reviews
Social Shopping
Group Buying
Shopping Communities & Clubs
Recommendations & Referrals
Forums & Communities
Social Media Optimization
Social Ads
13. Brief Examples
25% of Leading Fashion Portal Revenues Attributed to Facebook
25% of Chumbak Attributed to Facebook
20% of Walk-Ins for Kaya Clinic Attributed to Facebook
Totally Social Oriented – Lime Road
14. Challenges
Customers can express their disappointment and negatively impact a brand’s
reputation
Building a strong relationship with the customer takes time
Privacy & Security Issues