#socialmediamarketing

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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Chantal Cornelius

Why Your USP Isn’t Working and How to Fix It with Chantal Cornelius

This week on Talk Commerce, I had the pleasure of chatting with the brilliant Chantal Cornelius, founder of Apple Tree Marketing. Chantal shared some game-changing insights on marketing strategies that truly resonate with customers. In this blog post, we’ll unpack her key takeaways, focusing on how to move beyond outdated USPs and create a marketing approach that makes your business truly stand out.

Why USPs Don’t Work (And What To Do Instead)

Chantal and I both agree: Unique Selling Propositions (USPs) are often ineffective. Why? Because most businesses end up saying the same thing! Chantal’s experience working with numerous coaches and consultants revealed a common pattern – everyone claims to be unique, but they’re actually offering very similar services.

My takeaway here is that focusing on what makes you different as an individual might be more effective than forcing a USP. Chantal highlighted that USPs are easier to create with tangible products, but when selling services, the focus shifts to customer emotion.

The Power of Standout Strategies

Instead of USPs, Chantal champions “standout strategies,” focusing on how your customers want to feel when working with you. This customer-centric approach involves identifying the emotions that matter most to your target audience (safety, amusement, etc.). Chantal’s five standout strategies offer a framework to achieve this, and the right strategy for your business depends on the needs and emotions of your ideal customer. This really resonated with me because it’s so different from the traditional “features and benefits” approach.

Measuring Marketing Success: It’s Not Just About Numbers

A crucial element Chantal emphasizes is measurement. Too many small businesses jump into marketing tactics without establishing a baseline or tracking their results. Chantal’s approach is refreshingly simple yet effective. She tracks her phone calls, noting the source of each new inquiry. This allows her to see what marketing strategies deliver the best results and double-down on her success. This practical, data-driven approach is something I’ll definitely be implementing.

The Art of Strategic Marketing: Don’t Just React, Plan!

Chantal stresses the importance of strategy over tactics. Before jumping into social media or other marketing activities, take a step back to define your goals, target audience, and the best way to reach them. This is essential when dealing with a marketing crisis. This strategic approach makes measuring your success easier and more meaningful. I found this to be exceptionally helpful; often we forget that before running any marketing campaign we should first plan and understand our target audience and goals!

Public Speaking as a Marketing Tool: Share Value, Then Sell

Chantal shared her experiences with public speaking, highlighting the importance of providing value to the audience without being overtly salesy. She suggested that it’s less about actively selling and more about subtly influencing and establishing credibility. It’s a more passive approach that relies on building trust and expertise to draw in potential clients.

American vs. English Marketing: A Cultural Divide?

Chantal points out interesting cultural differences between American and British marketing approaches. Americans are generally more outgoing and direct, while Brits tend to be more reserved. This impacts how businesses approach networking and outreach. I found this comparison fascinating, and it reinforces that the “best” approach is always the one that fits your target market.

Chantal’s Advice for Small Business Owners: Start With Your Network

Chantal’s key advice for small business owners starting their marketing journey is simple: start by talking to people you already know. Use your existing network. Don’t rely solely on social media; pick up the phone, build relationships, and let your network know about your business. I personally think this is excellent advice and something many business owners can benefit from.

Chantal Cornelius’s insights on strategic marketing offer a breath of fresh air. Her focus on customer emotions, careful measurement, and a thoughtful approach to public speaking is a recipe for marketing success. To delve deeper into Chantal’s five standout strategies, take her free test at AppletreeUK.com! You can also listen to the full podcast episode for a more in-depth understanding.

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