How a lot do Latinos use social media to promote?


This text was translated from our Spanish version utilizing AI applied sciences. Errors might exist attributable to this course of.

Opinions expressed by Entrepreneur contributors are their very own.

Content material consumption is consistently evolving and companies should sustain. Social networks are the place the place manufacturers discover the consumer in a extra relaxed and receptive method and there companies discover a new channel on the market: social commerce. However what in regards to the consumer aspect?

A research carried out in Mexico, Colombia, Argentina and Brazil by Rapyd , world Fintech-as-a-Service (FaaS) and Israeli unicorn, analyzes how open we’re in Latin America to host this channel.

Under we share an evaluation of this research that offers us a regional thermometer of the incorporation and penetration of social networks as a gross sales channel, from which / which nations present higher resistance, that are essentially the most used cost strategies to what kind of Merchandise are bought by way of this implies, amongst others:

Argentina, extra cautious: 63% of the Brazilians surveyed stated that they had already made purchases by way of social networks (IG / FB), not far behind are Mexicans with 57%, and Colombians with 54%. Argentines have been essentially the most reluctant to this new channel with solely 38% of these surveyed responding affirmatively.

Fb, the favourite to purchase: of those that stated that they had already purchased by way of social commerce, Fb was the favourite social community with 88% optimistic responses in Mexico, 73% in Argentina, 72% in Colombia and 66% in Brazil. In Colombia and Mexico they’re adopted by WhatsApp with 53% and 39% respectively, and Instagram for Brazil (59%) and Argentina (43%).

What to purchase: the 4 nations agree that the preferred class of purchases by way of social networks is clothes and clothes (Brazil 71%, Argentina 62%, Colombia 55% and Mexico 52%). For Colombia (44%), Mexico (37%) and Brazil (45%), beauty and sweetness gadgets have been talked about in second place, whereas in Argentina they have been residence ornament gadgets with 34% and sweetness gadgets in a 3rd place (30%).

What wouldn’t be purchased: extra vital choices similar to “Well being Providers” are what they appear least prepared to amass by way of a channel that appears to nonetheless be in an exploration and testing section in these nations, similar to social commerce. This class obtained 51% unfavourable responses in Mexico, 47% in Argentina, 41% in Colombia and 40% in Brazil.

Fee strategies: for purchases by way of social networks, each in Colombia (61%) and in Mexico (54%), essentially the most used cost technique is financial institution switch, whereas in Brazil the bank card predominates with 67% . In Argentina the rostrum is shared by financial institution switch and money cost at comfort shops; each choices with 41%. In second place, in Brazil (46%), Mexico (51%) and Colombia (41%) is PayPal, whereas for Argentines (35%) it’s the debit card.

Boundaries to social commerce: the most important concern about shopping for by way of this channel for Mexico (67%), Colombia (66%) and Argentina (59%) is that the service provider is a scammer, whereas for Brazilians (62%) is that your information just isn’t protected. For Argentina (58%), Mexico and Colombia (each 53%), information safety ranks second.

Safe cost: 52% of the Mexican respondents, 49% of the Brazilians, 46% of the Colombians and 45% of the Argentines highlighted their concern for the safety of funds. This highlights not solely the significance of the range of cost choices but additionally safety for a profitable social commerce.

Affect of the “Influencer”: 83% of Brazilians admitted that their willingness to purchase may improve in the event that they see optimistic feedback on their social networks from somebody they comply with. This development is accompanied by Mexicans and Colombians with 81% and 78% respectively. Nonetheless, solely 55% of Argentines agreed with this assertion.

One of many greatest issues of Mexican shoppers when speaking about social commerce is the safety of transactions, each that the retailers should not scammers and that their funds are protected. At Rapyd we perceive the significance of offering assortment instruments that confirm retailers and clients and that apply methods that assist fight fraud, it’s important for this channel to develop and circulation extra freely within the area. Having a accomplice to protect you on this regard will undoubtedly generate higher belief amongst retailers and patrons.


Leave a Reply

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