In November 2021, YouTube launched live shopping. A marketing tactic known as ‘live shopping’ enables businesses to advertise or sell their goods in the live stream. In addition, live shopping facilitates the purchase process, allowing companies and potential customers to connect and communicate with each other.
YouTube Live covers various topics and markets, including music, beauty, and fashion. To advertise a product, several businesses use live streams. For example, some brands utilize the platform to sell products right away during the YouTube live session. So today, we present 6 tips you should know before going on YouTube live shopping.
Why Should You Promote Your Products On YouTube Live?
According to a 2021 poll on internet consumer opinions, 80% of respondents consider YouTube live shopping events a handy way to purchase stuff online.
Additionally, 70% of people believe in selling on live stream than on the other social media platform. So now, let’s move on to the tips you must know before selling your products on YouTube live.
1. More Market Reach
Daily, 500 hours of video footage is live-streamed on YouTube. According to YouTube, channels with a weekly live stream can see up to a 40% increase in followers and viewers who spend more hours watching their live session. This will make you more noticeable and stand out from the crowds. So you should definitely set up YouTube live shopping.
2. Better Audience Connectivity
One of YouTube Live’s most notable features is the chat function, which allows you to communicate with your viewers in real time. It’s a unique chance to build connections with your viewers and provide them an exciting experience. As a result, viewers are more inclined to believe in you and buy your product.
3. It Makes You Trustworthy
Customers are looking for products that have authenticity on YouTube live shopping. Their faith in the product may increase once they recognize it for what it is. Your audience can see themselves using the product while you show them how to use it in your live session. You have the perfect opportunity to highlight the quality and efficiency of your brand and product.
4. Conversion Is Quick
There’s always a sense of urgency in your audience while live shopping on YouTube. Promo codes or vouchers with a limited period can boost conversion rates on live-stream. You may even use it to market goods that haven’t been doing well in your brand.
5. Regulated Buying
You can quickly respond to audience queries while live shopping on YouTube. Your viewer will spend less time researching since you can promptly reply to issues. This is a more intimate method of responding, as opposed to calling and emailing, and can keep your customers coming back for more.
6. Analytical Evaluation
YouTube live shopping can assist you in gathering information about your live stream, like commercial platforms, to evaluate their marketing initiatives. With this, you can determine the effectiveness of your live stream and pinpoint its weak points.
How To Set Live Shopping On YouTube?
You need to set up a live shop on YouTube before going live. Also, you will need a minimum of 1000 subscribers and a verified YouTube channel before setting up a live shopping stream on YT. For this, you must follow the steps below.
- Go to YouTube on your device and click on create.
- Now select Go live option.
- Then, click on the shopping tab.
- Now add the products you want from the customize tab.
- Next, pin the product you want by clicking on the pin product option.
- And finally, start live streaming.
You can also pin and unpin a product during your live stream. The viewers can shop for the products once they click the view products option in YouTube live shopping.
Frequently Asked Questions
Q1. Is YouTube Live Streaming Free?
YouTube live streaming is totally free. There are only a few prerequisites, and they won’t cost you anything.
Q2. How Many Viewers Are Required To Broadcast Live On YouTube?
After the verification is done, it takes 24 hours to activate your account for the live stream. Once activated, live streaming from the desktop is possible with any number of subscribers; however, live streaming from mobile requires a minimum of 1,000 subscribers.
Q3. How Many YouTube Followers Are Required To Generate Money?
A creator must be enrolled in the YouTube Partner Program to begin directly making money from YouTube. A minimum of 1,000 subscribers and 4,000 watch hours in the last year, or 1,000 subscribers and 10 million views on YT Shorts in the previous 90 days, are requirements for creators to apply.
Q4. Do Shoppers Use YouTube Live Shopping?
According to a study, 87% of individuals think they find the best information about items when they purchase or browse on YouTube or while watching YouTube live streams. You can make purchases at shops’ websites or through onsite checkout if you wish to buy something on Youtube live shopping.
Live-stream shopping isn’t a big deal yet, but YouTube live shopping has taken a giant leap and provided another chance for creators to showcase their brands and products and earn money through it. If you have enrolled in YouTube Partner Program, you should set up a live shop in your live stream.
As live shopping could quickly become a hype in the market. To ensure you’re tracking the potential, it’s worth keeping an eye on other brands’ most recent live-stream marketing initiatives and monitoring how they operate, and their audience reacts. And in return, you can apply them to your live-stream shopping on YouTube.