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Social commerce has been a tough nut to crack—and it will continue to be.
In many cases, consumers just aren’t interested in buying something while they’re on a social platform.
And this reason is likely why Twitter chose to abandon its buy button.
Still, companies like Instagram have held on, experimenting with new features like shoppable posts to persuade consumers to shop via social.
Others, like Facebook, rely on native-like ads to grab a user’s attention.
But is it catching their attention?
Not really, according to CPC Strategy. March 2016 research from the retail search agency conducted by market research company Survata looked at how internet users interact with Facebook ads. For the most part, a plurality of respondents across all ages said they hadn’t clicked on a Facebook ad in the past 30 days.
Millennials in the survey were least likely to click on an ad, whereas their older counterparts were more likely to do so.
But while many users may not be clicking on a Facebook ad, there are some who are: More than a third of respondents said they have.
And in some cases, many users aren’t sure whether what they’re clicking on is an ad or a regular post.
Interestingly, those who did click on a Facebook ad were roughly 3.5 more times likely to buy a product than those who didn’t.
For example, over a quarter of internet users who clicked on a Facebook ad ended up buying something, whereas just 7% of those who didn’t click on it completed the purchase as well.
US paid media ad spending will grow steadily in 2017, on the heels of a strong 2016 boosted by the Rio Olympics and the presidential election. A focus on mobile will fuel growth, pushing total media spend to more than $206 billion this year—a moderate increase of 6.1%.
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