Facebook Shop Allows Business to Sell Products Through the Website
Hayley McGlone — August 4, 2016 — Business
References: venturebeat & digitaltrends
Facebook Shop is the latest offering from the social media platform and is aimed at helping businesses promote their product offerings.
With more than 60 million businesses utilizing Facebook, Facebook Shop under the Pages section will allow consumers to buy products directly from a business's Facebook page. Several countries are set to receive the feature including Thailand, Brazil, Vietnam, Malaysia, Mexico, Philippines, Taiwan and Argentina. The Facebook Shop feature will not cost businesses any fees for selling their products or services.
The Shop feature is currently only available for professional services providers, so this will help small businesses to increase sales and expand consumer awareness. Facebook is aiming to increase business and consumer engagement through this new social media feature, which also keeps users on Facebook longer.
With more than 60 million businesses utilizing Facebook, Facebook Shop under the Pages section will allow consumers to buy products directly from a business's Facebook page. Several countries are set to receive the feature including Thailand, Brazil, Vietnam, Malaysia, Mexico, Philippines, Taiwan and Argentina. The Facebook Shop feature will not cost businesses any fees for selling their products or services.
The Shop feature is currently only available for professional services providers, so this will help small businesses to increase sales and expand consumer awareness. Facebook is aiming to increase business and consumer engagement through this new social media feature, which also keeps users on Facebook longer.
Trend Themes
1. Facebook Shop - Small businesses can increase their sales and expand consumer awareness by selling their products or services directly through Facebook Shop.
2. Social Commerce - Companies can improve business and consumer engagement by utilizing social media to sell their products and services through platforms like Facebook Shop.
3. Direct-to-consumer (D2C) Sales - Businesses can take advantage of the direct-to-consumer sales opportunity that Facebook Shop provides without incurring any fees.
Industry Implications
1. E-commerce - Facebook Shop opens opportunities for e-commerce businesses to reach more potential customers and increase their sales.
2. Social Media - New social media features such as Facebook Shop are disrupting the way businesses interact with consumers and provide new opportunities for social media platforms to expand their services.
3. Small Business Services - Facebook Shops allows small business owners to expand their reach and sell more of their products or services through a popular and accessible platform.
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