Live shopping is still in its infancy, but it is going to be very big.
Live shopping events generated an estimated $5.6 billion in US sales in 2020, and projected to reach $25 billion by 2023, according to Coresight Research, a firm that specializes in retail and technology.
According to McKinsey, live video shopping could contribute up to 20% of all ecommerce by 2026, if China is any indication of what is to come in the US.
In this conversation, I spoke with Sarah Williams, a Shoppable Livestream Host & Producer and Brand Educator for T3 Hair Tools, a line of haircare products.
As an experienced practitioner, Sarah shared her playbook for creating effective live streams:
- How she prepares content and frameworks to run multiple live streams every week
- How she effectively tells the brand story and product story to connect with customers
- What tools and equipment she uses now, and what the beginner live streamer needs