You Will Soon Be Able to SELL Directly on Instagram

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As seen on Bloomberg, after several years of images and videos display on the app, businesses will now be able to sell their products and shoppers can buy things they see and like directly on Instagram — providing instant gratification for the trend-obsessed and a new source of income for parent, Facebook Inc.

The testing started last Tuesday, where the photo-sharing app is testing a shopping feature, called Checkout, with a handful of retailers including Nike Inc. and designer fashion platform Revolve.

Instagram Checkout
Source: Instagram

“Over time, as we are creating value for people, this could be a significant part of our business,” said Vishal Shah, Instagram’s head of product.

On Checkout, people will be able to buy directly within Instagram, rather than being directed to a retailer’s website. It’s unlikely Instagram will release further details about the financial specifics until next year, although Shah said he sees it as the next big business model opportunity after advertising. 

Instagram Checkout
Source: Instagram

Facebook has tried many times to build e-commerce businesses, with
varied success. On Instagram, the transition is happening more
naturally, as people tend to follow brands and influencers for lifestyle
inspiration from fashion to design to food and travel. Some of those
who have large followings on Instagram have been able to launch
products, from merchandise for famous pets to makeup lines for
well-known beauty artists.

With advertising growth in Facebook’s news feed slowing, the
company is seeking new lines of business and will become more dependent
on other properties it owns, like Instagram, Messenger and WhatsApp.
Instagram thinks shopping will be a significant business because it
already has a feature for people to see what products are in a photo and
to save and share items. It’s used by 130 million people each month,
the company says.

Shoppers will be able to pay with Visa, Mastercard, Discover and PayPal, Instagram said.

The post You Will Soon Be Able to SELL Directly on Instagram appeared first on SME Digest!.

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