SimplicityDX announced the immediate availability of
AI-powered Edge Storefronts for social commerce. Edge Storefronts help brands
acquire more customers and drive campaign revenue from social media by creating
multichannel and campaign-specific e-commerce stores in minutes. A video
explainer with a brief product demo is available at https://simpldx.com/EdgeStorefronts_Release_video.
For the first time, brands can turn the rich,
aspirational experience of social media into full shopping experiences that drive
customers from product discovery through to purchase. Rich media from social
and other edge touch points are blended into immersive shoppable experiences
directly connected to the specific content they're engaging with on social
media.
Real-time integration synchronizes product,
promotion and price data, enabling seamless shopping experiences where shoppers
check out using the brand's existing e-commerce back end. For example, a brand
advertising on social media can build a campaign-specific storefront in
minutes, dramatically boosting Return On Ad Spend (ROAS) and cutting Customer
Acquisition Cost (CAC).
Up until this point, brands promoting products
refer the majority of their campaign traffic to their e-commerce product detail
page. Data from Kibo
Commerce shows that traffic from the edge landing on the product page
suffers from 72% higher bounce rates and 50% lower conversion rates than traffic
landing on any other page. This exceptionally poor performance results in a
revenue leak equivalent to 14% of all e-commerce revenue from directing traffic
to pages and products customers are not interested in.
Gerry Widmer, co-founder
and chief executive officer of SimplicityDX, commented, "There's a massive
experience gap between ‘social' and ‘commerce' as online shoppers click through
from social media to the brand site. Every year, $700 billion of revenue leaks
from product detail pages as traffic from the edge lands there. SimplicityDX
revolutionizes customer acquisition by changing the fundamental math of ROAS
and CAC."
The New
Math of Marketing
Using SimplicityDX, brands can fundamentally
change the unit economics of new customer acquisition by directing traffic from
the edge to dedicated storefronts. A 20-point reduction in the bounce rate of
landing traffic leads to 44% more traffic flowing down the conversion funnel
and, if coupled with a similar improvement in conversion rate, a 73% increase
in revenue and an overall 42% reduction in customer acquisition cost.
Charles Nicholls,
chief strategy officer and co-founder at SimplicityDX, said, "Having a
storefront for each promotion gives customers a far more relevant experience
and fundamentally changes the math of marketing. We've seen consistently lower
bounce rates and conversion rates of up to 8%, cutting the cost of customer
acquisition by more than half in some cases."
Introducing
Edge Storefronts
Edge Storefronts for social commerce provide a
frictionless shopping experience by blending social media content with back-end
e-commerce services to make it fully shoppable.
Edge Storefronts extend existing e-commerce
platforms, pushing shopping out to the edge, where customers are spending their
time. Seamless integrations into both the channel and the back-end e-commerce
services enable marketers to quickly compose highly engaging shopping
experiences. This allows brands to build promotional storefronts for every campaign
running across a wide variety of media, including social media, email, search
or advertising on any channel.
Ken Doyle, CEO of Luzern eCommerce, commented,
"SimplicityDX Edge Storefronts plug the gaping hole between ‘social' and
‘commerce' where experiences break and customer acquisition costs skyrocket. We
are very excited to be working with the SimplicityDX team to make social
advertising more effective and transform the economics of commerce for
direct-to-consumer brands in the U.S. and Europe."
SimplicityDX
AI-Powered Platform
The SimplicityDX Edge Shopping Platform is the
first SaaS software to enable brands to build Edge Storefronts for every
campaign, on any media. Now, every piece of content, anywhere, can have its own
Edge Storefront, created in minutes by marketers or auto-generated by
artificial intelligence (AI).
The SimplicityDX Edge Shopping Platform breaks
new ground by enabling brands to generate complete e-commerce storefronts and
pages using AI. These storefronts are continually optimized to match the intent
of traffic arriving on site with content that drives the highest engagement and
revenues. This continuous, real-time process is fully automated, using AI to
experiment with different content treatments and learn what is working best for
each promotion and channel at any moment in time. This approach is covered by a
U.S. patent (pending).
"As a direct-to-consumer-only brand, creating
content across all our social channels is key to our digital marketing
strategy," said Andy Chiu, general manager at KraveBeauty. "The SimplicityDX
Edge Shopping Platform makes this content shoppable in minutes, giving
customers a more streamlined user experience. We are excited to see how the
SimplicityDX platform increases conversion from our social channels."
The SimplicityDX Edge Shopping Platform is
available immediately in the U.S. and U.K. markets. SimplicityDX supports all
major social networks and features out-of-the-box integration with Shopify.
Other e-commerce platforms are planned to be added in the coming months.
A
complimentary, 20-minute webinar, "The New Math of Marketing: How Edge
Storefronts Reinvent Social Commerce," will be offered on Tuesday, March 28, at
10 a.m. PDT (6 p.m. BST). Key topics for discussion include how to change the unit
economics of new customer acquisition with the introduction of Edge Storefronts
for social, email and other edge touch points. Register for the webinar at
https://simpldx.com/EdgeStorefronts-Reinvent-SocialCommerce-webinar.