If we keenly observe our surroundings, we will find that business ideas are everywhere around us. One such idea is the social commerce business idea. But for this idea, you do not have to look anywhere else because you are looking at it right now. Yes, it involves your mobile phone/computer. Surely, you are already aware of and we have also discussed in our website, how useful the e-commerce websites are. If you have anything to sell, you need not have to worry about investing in infrastructure. That easy the e-commerce has made our lives, both as a consumer as well as the seller.
Apart from that, we have also always pressed on what role the social media platforms can play to boost a business. The social commerce business idea is all about combining e-commerce and social media. You may have come across the ‘Buy now’ button on Facebook many times while scrolling through the news feeds. The whole concept of social commerce is that it solely makes use of social media platforms to sell a product. Talking from the customer’s point of view, when you click on a product which you like in social media, it will not take you to another source website. Instead, it will let you buy that product directly from Facebook.
Benefits of Social commerce business idea
There are several benefits associated with it. Let us find out some:
- Facebook shows the advertisement of your product to the relevant users who are more likely to show interest in it and will eventually buy it.
- You need not have to register yourself with an e-commerce website.
- Social media pitching has the highest conversion rate which will be proved fruitful for your business.
- You can make use of your social media presence to boost your business.
- Consumers rely more upon the feedback of the other customers before buying a particular product. This can be done very easily through social media.
- Even as a seller, customer feedback is easy to obtain through this platform. In this way, one can improve oneself easily to meet the demands of customers.
- Through social media, one can keep one’s customer involved by keeping their interest bind with the product.
How does it work?
You need not have a product to sell to make use of social commerce. There are a few applications that let you make money by making use of this concept. Some of them are;
Following are the steps of using this app to make earnings,
- Download the app– Choose an application and download it in your smartphone. Install it by allowing it to access your files.
- Provide your account details– Feed your account details in which you are willing to receive your earnings.
- Choose your product– Choose a product from the available options which you think you can sell in your social circle.
- Share it through social media– Share the details of the product through wattsapp, facebook or other social media platforms.
- Earn the margin– Decide your margin above the selling price of the product. Whenever any of your contacts buy the product, you earn the margin.