Contemporary Dimensions of Social Commerce Cover Image

Съвременни измерения на социалната търговия
Contemporary Dimensions of Social Commerce

Author(s): Dancho Danchev
Subject(s): Social Sciences, Economy, Business Economy / Management, Sociology, ICT Information and Communications Technologies, Globalization
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: social commerce; retailing; social media; e-commerce

Summary/Abstract: The current global aspects of social commerce, as a business model combining online commerce and social networks, are under consideration. Emphasis is placed on the conceptualization of this commercial and social phenomenon, indicating the main characteristics and elements of social commerce. The advantages and benefits of social commerce for retailers and consumers are emphasized, its successful development is tracked and the factors that determine modern trends are analysed. Some guidelines for increasing sales in social commerce (STP, omnichannel strategies, personalization, quality content, communication, advertising, etc.) are outlined, as well as the challenges in its development (personal data protection, difficulties for small businesses, adequate inventory, encourage the use of social media to make purchases).

  • Issue Year: 2/2023
  • Issue No: 2
  • Page Range: 13-26
  • Page Count: 14
  • Language: Bulgarian