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Mix Entertainment and Shopping with Livestream Commerce

Mix Entertainment and Shopping with Livestream Commerce

4 min read
Profile picture for user mediamonks

Written by
Monks

Mix Entertainment and Shopping with Livestream Commerce

Sectors of the retail industry have been hit especially hard with many businesses unable to open their physical doors. These brands are left to rely on big name retailers or pivot their approach to increase reach visibility to convert consumers digitally. To do so, many are seeking inspiration from the direct to consumer model to engage directly with their audiences and make their products more widely available. While retailers and brands have both incrementally invested in digital platforms more and more, year after year, these challenges show how the need to digitally transform has accelerated to keep up with shifting user behaviors.

At a time when consumers are craving entertainment and connection while at home, livestream commerce—evoking the idea of home shopping TV programs, but made more interactive—is an intriguing solution for brands to directly and authentically engage with audiences. As a response to increased video viewership of at-home audiences, the strategy builds on recent trends in shoppable social content and the rise of influencer partnerships.

China is No Stranger to Livestream Commerce

While it may be having a moment right now, livestream commerce isn’t new; Taobao Live, the largest ecommerce streaming platform in China and owned by Alibaba, made $2.85 billion in sales on Singles Day (the country’s biggest shopping event) last year. The COVID-19-induced lockdown in China has increased the popularity of the platform even further; in February, merchants on the platform raised by 719%, according to Glossy.

Much of the appeal of livestreaming commerce is its ability to mix engaging, interactive content with brand stories. JD.com, another ecommerce platform in China, hosted online “e-clubbing” events featuring musical performances and DJ sets—and the ability to buy liquor in a few taps, replicating the social experience of being at an actual club.

How Western Brands Are Experimenting with Shoppable Content

In the west, Amazon has similarly mixed commerce and content with its “Twitch Sells Out” event for Prime Day, enlisting influencers and content creators in the gaming space to showcase items on sale that are relevant to the content they typically put out—for example, listing their streaming setup, gaming equipment or merchandise for a favorite game franchise. More than just a one-off event, Amazon employees livestream commerce on its Amazon Live platform, where brands and influencers broadcast content with shoppable listings underneath.

Monk Thoughts If ecommerce and conversion-based content is an essential bucket, we can help fill it faster and more effectively.
black and white photo of Wesley ter Haar

Elsewhere, other platforms have begun experimenting with shoppable advertisements. Instagram Checkout, lets users discover and purchase products right within the feed, and Levi’s has had success with a similar feature on TikTok. In the linear TV space, NBCUniversal has introduced NBCUniversal Checkout, making content across the brand shoppable. Emarketer’s Q1 2020 Digital Video Trends report notes that NBC’s Peacock streaming service will include shoppable content among the ads that it serves.

While these examples aren’t live, their development suggests there is a general growing demand for content that converts. MediaMonks Founder Wesley ter Haar notes that for many brands, conversion-based content remains top of mind as they consider ways to pivot existing strategies or continue to engage with audiences digitally.

“Brands are asking themselves if they need to keep the ‘content machine’ running,” he says. “If ecommerce and conversion-based content is an essential bucket, we can help fill it faster and more effectively by shifting from traditional production to tapping into influencers and livestreaming.”

While Social Distancing, Video is King

Over the course of the pandemic, at-home users have flocked to video content. According to data from WARC, 38% of consumers are watching more online video content now than they had before the pandemic. Out of that group, 73% say they expect to maintain that higher amount of viewing time. Among the most popular video content that people want to watch are how-to and tutorial videos, according to data from Hootsuite, a category that lends itself well to influencer content and B2B stories.

In fact, influencers are ideally situated to engage with new and existing customers with creative and livestreamed content. They are adept at using their voice and authority to recommend products to audiences and have built loyal followings through tutorial content—for example, the lucrative beauty space on YouTube that has catapulted popular vloggers into full-fledged business owners.

Monk Thoughts User behavior is being built that will change how we use these tools and how we create and connect together.
black and white photo of Wesley ter Haar

In response to the challenges that brands and retailers have felt due to the ongoing pandemic, our influencer activation team IMA recently offered a few solutions, including multichannel influencer campaigns that amplify voice and awareness across communities, as well as partnering with existing product advocates to carry business momentum on social media. Such strategies enable brands to reach consumers authentically, backed by a consolidated effort to ensure working teams can easily continue production safely at home and produce the stream remotely.

Build Value Through Assistive Content

While brands and retailers are focused on solving the “now,” they must also look ahead into how they will serve consumers throughout what may be a difficult year ahead. As consumers seek out content and connection that helps them understand and make the most of a new normal—whether that means staying sane while social distancing or stretching the value of a dollar—livestream commerce offers a great opportunity to build a brand relationship.

Despite being a vehicle for commerce, it doesn’t have to be too salesy—think about a retailer offering a live cooking show focused on recipes using ingredients that are already in the pantry, for example, or a makeup artist giving tutorials featuring “dupes,” or greater-value versions of popular cosmetics.

“This is the new family dinner, this is how we watch movies together,” says ter Haar on the innovative ways that people are connecting. “We’re building traditions now that we don’t yet know are traditions. User behavior is being built that will change how we use these tools and how we create and connect together.”

Now more than ever, brands and retailers must be there for their audiences. Through livestream commerce, brands can accommodate new user behaviors that have emerged and engage in authentic, informative ways with video content. Accommodating a need for connection and entertainment, the format is well tailored to building strategic relationships into the year ahead.

With consumers spending more time watching video at home, livestream commerce offers an opportunity to entertain and convert. Mix Entertainment and Shopping with Livestream Commerce Entertain audiences and build connections through livestreams.
Livestream commerce livestream content livestreaming ecommerce dtc influencers influencer marketing amazon taobao alibaba shoppable content shoppable video

Challenge the Challengers with These DTC-Inspired Strategies

Challenge the Challengers with These DTC-Inspired Strategies

4 min read
Profile picture for user mediamonks

Written by
Monks

Challenge the Challengers with These DTC-Inspired Strategies

It can be tough to adapt to the relentless pace of change in digital. From a need to meet and engage with customers on new channels to the rise of digitally native competitors, there are many ways that established, legacy brands can improve their digital maturity—and they might begin that process by taking inspiration from what’s worked with DTC brands in particular, whose close connection with consumers is arguably unmatched.

The secret? Adopt a challenger mindset. DTC brands have honed their digital prowess by necessity. Newer and lacking the big marketing budgets of legacy brands, they’ve shifted focus away from broad-reaching TV spots to instead focus on digital marketing. Through this practice, they’ve developed measurable marketing strategies that aid in discovery and are backed by data.

Shift Toward Data-Driven Messaging

“DTCs opt for targeted appeal over mass appeal (at least initially),” write Ryan Skinner and Sarah Dawson in the Forrester report, “Lessons In Customer Acquisition: Learn From DTC Disruptors’ Awareness Strategies.” “Only when DTC brands more firmly establish themselves do we see them branching out into more expensive channels like broadcast TV.”

Remco Vroom, Head of Business Growth and Platforms Solutions at MediaMonks, notes the role that experimentation has played in getting to know what resonates with their customers, helping them increase the effectiveness of communication through fresh content. “Brands can learn from them by getting to know their audiences better, getting a feel for them how they operate,” he says. “In this area, these smaller, digital-native companies aren’t afraid to try things out, producing hundreds of pieces of content to see what sticks, then taking those things that were successful and building more content.”

Screen Shot 2019-07-31 at 3.23.38 PM

Our awareness campaign for Gladskin mixed up assets to find the most effective combination for audiences.

It’s a strategy that we’ve used with skincare brand Gladskin, enhancing the creative of their awareness campaign by mixing (and remixing) an initial set of assets, seeing how they performed with different segments. Depending on the performance, we tweaked the creative even further while also reassessing the media spend for those segments, incrementally zeroing in on the most effective and interested groups per each channel. The tactic provides a dependable way for budget- or resource-strapped brands to optimize creative and better understand their audience while avoiding the strain that even digital native brands may feel in a need to refresh branding and content at an increased rate.

Elevate Social’s Role in Your Marketing Strategy

The focus on the role of data above should drive one point home for brands that aim to take a page out of the DTC handbook: they must not treat social media as an afterthought. Instead, they must elevate the role of social media earlier in the planning cycle.

With a leaner and more agile approach, brands can strike close, one-to-one connections with consumers through smart use of data that leaves their audiences feeling heard. Yet bigger brands limit themselves by focusing their investment on traditional formats that focus on broadcast rather than the interactive elements of newer social channels like TikTok.

“Traditional formats like TVC or OOH are safe bets for the larger companies, because it’s something they’ve done for the past 20 years,” says Vroom. “They tend to put millions into these channels and pennies in social media, but that’s not substantial enough if one of your goals is to connect with your audience.”

IMA_NoisyMay_thelfashion-nandaschwarz

The #NoisyMayInfluenced campaign brought influencer audiences behind the scenes, mixing product development with content.

There are a couple ways that brands can adopt a challenger mindset by upping their social strategy. One way brands can adopt a challenger mindset is by helping consumers see themselves in the brand by breaking down barriers between audience and what goes on behind the scenes. For example, our influencer activation team IMA worked with womenswear brand Noisy May to help the brand partner connect with six regional influencers, who each designed a series of products for a capsule collection titled #NoisyMayInfluenced. The influencers documented and shared every step of the design process, reaching their target audience in an authentic and community-driven way.

Consider Building Brand Passion by In-Housing

Not every brand is going to be so radical in breaking down the barriers between product development and their audience. But they can take initial steps to a greater strategic investment in social by building a task team dedicated to seeking the potential benefits of tapping into novel, new formats and user behaviors on social platforms, which Vroom compares to the trend of brands taking their creative in-house.

“If you want to be successful, you have to bring the message really close to you—which is key for new channels like that,” Vroom says. When brands give creative freedom to passionate teams like this, they can break free from tradition while still remaining true to their core values.

And that gets at the heart of what legacy brands must do to keep up with digitally mature brands: connect authentically with consumers where and when it matters most. Through adopting data practices that inform the creation and delivery of content to elevating social media within the marketing mix, brands can do more than just weather disruption from competition—they can cut become challengers in their own right.

Brands have a lot to contend with: new consumer trends, emerging technology and increased competition from digital native brands. Here's how they can keep up. Challenge the Challengers with These DTC-Inspired Strategies Learn from digital-native brands’ most effective strategies.
Digital native dtc direct to consumer customer obsession digital transformation insights driven data driven social marketing

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The website has been translated to English with the help of Humans and AI

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