67% of Shoppers Spend More Money When Their Facebook Friends Give Them The Green Light

At Dirxion, we like to think that we have our finger on the pulse. We cashed out with Bernie Madoff like 2 years ago. In 2003, we popped our collars at least a month before everyone else caught on. Not the best examples, but it makes my point about us having some foresight. We not too long ago introduced our social sharing feature aimed at our customers with digital catalogs, travel guides and magazines. Without fail, a study recently came out from the E-tailing Group, Inc and it proved us right again.

The report states that 83% of consumers who shop online are keen to the notion of sharing their potential purchases with their Facebook and Twitter friends. On top of that, 67% admit that they end up spending more money online if they receive their social networking friends’ seal of approval.

Also discovered through this study:
62% of online shoppers are more likely to return to a retail website that offers social tools.

Twice as many shoppers say they prefer the recommendations of their friends in social communities rather than that of the retailers.

41% of people say they would be interested in being a part of online communities that share information about shopping and their favorite products.

Social networks are continually proving to be a valuable business resource. If you aren’t using these sites for all their marketing capabilities you could be missing out on some potential revenue. So here’s an idea … publish a digital edition of your publication. Use the social media features to circulate it to your customers, and then let your customers start circulating it for you. That’s working smart.