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January 9, 2024
In an era where social media dominates our daily lives, the hope we shop and interact with brands is undergoing a profound transformation. Social commerce, powered by the creator economy, is transforming the retail market, making it more engaging, personalized, and community-driven than ever before! But what exactly is driving this change? Let’s dive into the dynamics of social commerce and its synergy with the creator economy.
Social commerce goes beyond traditional e-commerce by integrating shopping experiences directly within social media platforms. Platforms like Instagram and TikTok are blending entertainment, engagement, and shopping. Consumers no longer need to leave their favorite apps to buy products, they can shop while scrolling, liking, or engaging with their favorite creators.
The convenience of one-click purchases and targeted suggestions based on social behavior is changing consumer expectations. Social commerce is projected to grow quickly, with global sales expected to top $1 trillion in the coming years.
At the heart of this transformation is the creator economy. Creators such as influencers, bloggers, vloggers, and niche content experts are shaping consumer behavior like never before. Unlike traditional advertising, creators bring authenticity, relatability, and trust to their audiences, making them powerful catalysts for driving purchases.
Creators are using their platforms to build loyal communities that value their opinions. Through collaborations with brands, these creators are creating unique narratives that connect with their followers, encouraging them to explore and buy products in ways that feel organic rather than intrusive.
Zheng Xiangxiang who has over 500 million followers on Douyin, China’s version of TikTok, reportedly made over $13 million live-streaming in 2024
Christina Kirkman gives a down to earth hilarious review for lemme sleep that makes you want to enter a new dimension with her
finding the right tools to find the perfect micro-influencers for your business such as using Popular Pays to drive your success!
check out how Prada used VR to host an event in NYC by in Sept. 2024 - from janeyparkxyz POV
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Social commerce encourages consumers to discover new products effortlessly while enabling brands to reach their target audience in innovative ways. It’s a win-win for everyone involved: consumers get personalized recommendations and smooth shopping experiences, while brands and creators enjoy increased engagement and sales.
For brands and creators looking touse the potential of social commerce, here are a few tips:
Instagram Shops -Showcase your products and provide a smooth shopping experience directly in-app.
TikTok Shopping -Use this platform's viral culture to highlight products in an organic, relatable way.
YouTube Product Tagging -Make your products shoppable while viewers are immersed in your video content.
Here Kevinstats lays out the basics of YouTube Shoppable Videos - Check it out!
Check out our latest blog in 2024 for more 2025 Advertising Trends🥳
-Share behind-the-scenes content to give your brand a more relatable and AI-free touch
-Highlight the journey behind a product’s creation to establish a deeper connection
-Share customer testimonials to build credibility
Take inspiration from Nas Daily who continuously shows his ups and downs on the internet making his journey with his audience extremely engaging and relatable!
Engagement rates - How users interact with your content.
User click ratios - How effective your content is at driving traffic.
Conversions - The ultimate measure of whether your strategy turns viewers into buyers.
Bonus Tip: Don’t shy away from testing different approaches! Social commerce thrives on experimentation. Analyze what lands best with your audience and double down on strategies that show results 👏
By welcoming authenticity, maximizing platform-specific tools, engaging through meaningful storytelling, and continuously fine-tuning based on metrics, you can not only survive but thrive in the social commerce revolution!
Costco’s marketing strategy, though different from the flashy and interactive methods of social commerce, offers valuable lessons in authenticity, trust, and community-building that align with many principles driving the creator economy!
They focus on authenticity Costco has established its brand on a foundation of trust and authenticity. By prioritizing low prices, high-quality products, and ethical practices, the company aligns with consumers who value genuine connections. Like smaller-scale content creators, Costco has built loyalty by consistently delivering value and avoiding overly commercialized tactics.
Their membership model goes a long way! Costco operates on a membership-based system, requiring customers to pay an annual shopping fee. This model builds customer loyalty and provides a steady revenue stream. Members feel driven to shop at Costco to maximize the value of their membership!
Simple stories that show value While Costco doesn't rely on traditional storytelling or flashy visuals, its value proposition of bulk savings, exclusive items, and a curated selection tells a compelling story of practicality and reliability. These elements create an emotional connection with customers who appreciate straightforward value.
The power of influencer-like Word-of-Mouth Marketing
Like how creators influence their audiences through trust, Costco relies on its members to spread the word about its products. The "treasure-hunt" aspect of shopping at Costco mirrors the excitement of limited-time drops or exclusive creator collaborations in social commerce.
As social commerce grows, Costco could elevate its relevance by exploring partnerships with creators, combining live shopping tools, or even using its treasure-hunt model in digital spaces.
Want to learn more about 2025 advertising? Check out our latest blog here 2025 New Year Advertising Trends🎉 and join Scrolling Media for more marketing fun!