As we continue to advance in the field of artificial intelligence, we are starting to see the incredible potential of ChatGPT and other AI technologies to fundamentally transform our society.
With ChatGPT, we can engage in natural language conversations with a computer program that has been trained on a large amount of text data, allowing us to ask questions and receive answers on a wide range of topics.
So, we wanted to try it out and chat with the AI about livecommerce. We had 3 questions to ChatGPT, and the results are quite astonishing.
eStreamly: What is livecommerce?
ChatGPT: Livecommerce, also known as live streaming commerce or l-commerce, is a type of online retail and e-commerce platform that incorporates live streaming video into the shopping experience. In livecommerce, retailers or sellers use video streaming technology to show and demonstrate products in real time, often with the help of hosts or influencers, in order to engage and interact with customers. This can include product demonstrations, Q&A sessions, and other interactive elements to provide a more personalized and immersive shopping experience. Livecommerce is growing in popularity as a way for businesses to connect with customers, increase sales, and build brand loyalty.
eStreamly: How to be successful with Livecommerce?
ChatGPT: Here are a few tips for businesses looking to be successful with livecommerce:
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Have a clear focus and plan: Before starting a livecommerce campaign, it's important to have a clear idea of what products you will be showcasing and how you plan to present them. Having a well-defined plan and strategy can help ensure that your livecommerce sessions are engaging and effective.
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Engage with your audience: Livecommerce is all about building a connection with your audience, so be sure to interact and engage with them throughout the live stream. Ask for their opinions and feedback, and respond to their comments and questions in real time. This can help create a more personal and engaging experience for your customers.
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Use high-quality equipment: To create a professional and polished live stream, be sure to use high-quality equipment such as a good camera and microphone. This will help ensure that your video and audio are clear and easy to understand, which can make a big difference in the overall viewing experience.
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Promote your livecommerce sessions: In order for your livecommerce sessions to be successful, you need to let people know when and where they can watch them. Use social media, email marketing, and other channels to promote your livecommerce sessions and encourage people to tune in.
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Follow up with your customers: After your livecommerce session is over, be sure to follow up with your customers and offer them any additional information or support they may need. This can help build trust and establish a long-term relationship with your customers, which can lead to increased sales and loyalty.
eStreamly: What ROI can you expect from LiveCommerce?
ChatGPT: It is difficult to say exactly what return on investment (ROI) a business can expect from livecommerce, as this will depend on various factors such as the specific products being sold, the quality of the live stream, and the size and engagement of the audience. In general, livecommerce can be a highly effective way to increase sales and build brand loyalty, but it's important to carefully track and measure your results in order to determine the specific ROI of your livecommerce efforts. Some businesses may see a significant increase in sales and revenue as a result of livecommerce, while others may not see as much of an impact. It's important to carefully evaluate your own results in order to determine the effectiveness of livecommerce for your business.
To be fair, the tool is not perfect yet. We did ask what is eStreamly and he didn't know 😅. So here is a little help for our new 🤖 friend.
eStreamly is a Livestream & video shopping SaaS. Your Livestream is shoppable on your site, a blog or a 3rd party webpage, and now also shoppable on social media too (Instagram, Facebook, Youtube)! It's your data, your ecommerce. Our technology enable for seamless buying directly on the video. We see conversion rate in the 10-15%.
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