Economy

[B-SIDE Podcast] Shoppertainment: The rise of livestreaming commerce

Follow us on Spotify BusinessWorld B-Side

Shoppertainment is seen as a more authentic form of advertising, as it provides a personal touch and allows businesses to interact with consumers in real time, according to an expert.

In this B-Side episode, Pierre Faucher, country manager of Intrepid Philippines, talks to reporter Patricia Mirasol about the opportunities in shoppertainment.

This trend originated with a change in consumer behavior, Mr. Faucher said. “The consumers are fed up with TV (television) commercials; they prefer storytelling.”

Shoppertainment is a convergence of content and commerce that offers a $1 trillion opportunity in the Asia Pacific by 2025, according to the Boston Consulting Group.

“It is (content that) provides entertainment…,” Mr. Faucher noted. “What counts is that the shopper feels entertained.”

Examples include the use of augmented reality, such as when people use an app to check what a couch looks like in their living room before buying it, or the use of gamification elements, such as when people are rewarded for achieving their fitness milestones through leaderboard rankings and physical prizes.

It also includes livestreaming shopping, where products are promoted by brand representatives through a livestream event.

Each platform plays a different role, Mr. Faucher said. The social networking site Facebook is for product discovery, whereas Shopee is for product awareness within the shops on its e-commerce website.

In the Philippines, microvlogging platform TikTok has by far gained the most interest for shoppertainment purposes, Mr. Faucher said.

“One best practice is to not go for scripted livestreaming, so people can feel the host is authentic…You don’t want to script your influencer,” he added.

Recorded remotely on April 18, 2023.

Follow us on Spotify BusinessWorld B-Side

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top