#onlineshopping

Eitan Koter

The Power of Video Commerce with Eitan Koter

In a recent Talk Commerce episode, I had the pleasure of sitting down with Eitan Koter, Co-CEO and Co-founder of Vimmi, to explore the revolutionary impact of video commerce on the e-commerce landscape. With video consuming over 82% of global internet traffic, understanding its role in driving sales has never been more crucial.

The Evolution of Video Commerce

Eitan shared fascinating insights about how video commerce is reshaping the retail landscape. Traditional e-commerce conversion rates have historically hovered around 2%, but with video commerce, particularly live and shoppable video content, businesses are seeing up to 10x improvement in these numbers.

As someone who’s spent years in the enterprise e-commerce space, I’ve witnessed firsthand how video has transformed from a nice-to-have feature to an essential tool for engagement and conversion.

Breaking Down the Barriers

One of the most compelling points Eitan made was about the accessibility of video commerce. While many businesses perceive video production as expensive and time-consuming, he emphasized that success doesn’t require professional production values:

  • Start with short-form videos
  • Use your smartphone
  • Focus on authenticity over perfection
  • Create consistent content
  • Address customer pain points

The Multi-Channel Approach

What particularly resonated with me was Vimmi’s approach to omnichannel video commerce. Their platform enables:

  • Simultaneous posting across social media platforms
  • Integration with e-commerce platforms
  • Live shopping capabilities
  • QR code integration for offline-to-online experiences

The Future of Social Commerce

Looking ahead to 2025, Eitan predicts continued growth in live shopping and shoppable video across various niches. With social commerce projected to reach $8 trillion by 2030, businesses need to start implementing video commerce strategies now.

Getting Started with Video Commerce

For those looking to dive into video commerce, Eitan recommends a strategic approach:

  1. Start with educational content
  2. Build trust through transparency
  3. Progress to product-focused content
  4. Leverage live events and shows
  5. Maintain consistent posting schedules

Key Takeaways for Businesses

As your podcast host and someone deeply involved in e-commerce, I can’t stress enough how crucial it is to embrace video commerce now. The platforms are ready, the consumers are engaged, and the technology is accessible.

For businesses interested in exploring video commerce, Vimmi offers a free-for-life package at vimmi.net, where you can experiment with live streaming and shoppable video features.

Connect with Eitan Koter on LinkedIn to learn more about video marketing and commerce strategies, or tune in to the full podcast episode for more detailed insights into the future of video commerce.

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Hani Batla

Live from Shoptoberfest: Adorama’s Pro Secrets with Hani Batla

In this week’s Talk Commerce podcast, I had the pleasure of speaking with Hani Batla from Adorama, a company that’s been thriving in the evolving world of e-commerce for an incredible 50 years! This blog post dives into the key takeaways from our conversation, focusing on how Adorama builds value beyond simply offering the lowest prices.

From Transactional to Experiential

Hani shared Adorama’s fascinating journey, transitioning from a purely transactional brand focused solely on price to a more experiential one. This shift, he explained, involved deeply understanding their core customer: the creator. This resonated deeply with me; focusing on the who behind the purchase, rather than just the what, is critical in today’s market.

My take: It’s easy to get caught up in price wars. But Adorama’s success highlights the importance of building a strong brand identity and fostering a loyal customer base through genuine engagement.

The Power of Community and Customer Intimacy

Adorama’s success isn’t just about low prices; it’s about building a community. Hani emphasized their commitment to customer intimacy, both in their physical New York store and through their robust online presence. They’ve successfully translated the in-person expert advice and experience into their digital channels via YouTube, Instagram, and other platforms.

My take: This speaks volumes. Creating a sense of community and providing exceptional customer service—regardless of the channel—is what sets apart truly successful businesses. Adorama’s approach truly showcases this.

Leveraging Technology to Enhance the Experience, Not Replace It

While technology is a crucial part of Adorama’s strategy, Hani stressed that it’s about using it to enhance the customer experience, not replace the human element. Their investment in first-party data and AI-powered tools is focused on providing personalized recommendations and support, creating a seamless journey for customers. They use AI for the first line of customer service, but keep real humans available to handle more complex issues.

My take: This is a critical distinction! The technology shouldn’t be the focus; it’s the value the technology delivers to the customer. It’s about striking the right balance between automation and personalized human interaction.

Beyond the Price Tag: Building a Loyal Customer Base

Hani’s discussion about unlocking value beyond pricing was particularly insightful. Adorama recognizes that for creators and adventurers, the value proposition extends far beyond mere cost. It encompasses knowledge, enablement, community, and the overall experience. This focus on building long-term relationships, rather than just focusing on individual transactions, is key to their success.

My take: This is the future of e-commerce. Price is still a factor, but building loyalty and community through an exceptional customer experience will be the deciding factor for who succeeds in the long term.

The Adorama Approach to E-commerce Success

Adorama’s story is a powerful case study in how to build a thriving e-commerce business in a highly competitive landscape. By prioritizing the customer experience, leveraging technology effectively, and fostering a strong sense of community, they’ve not only survived but thrived for 50 years. To delve deeper into Hani’s insights and learn more about Adorama’s strategies, make sure to listen to the full podcast episode!

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