Mapping the Customer Journey for Contextual Commerce B2C
01/09/2019
Contextual commerce eliminates the extra steps—allowing customers to convert right at the point of discovery.
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Mapping the Customer Journey for Contextual Commerce B2C
Inside apps like Facebook or Spotify, consumers are moving from discovery to purchase without leaving the platform.
60% of consumers have tried it to date
84% of them would do it again
But to succeed, companies have to understand a lot about their customers to design new ways to incite a purchase.
Know Your Touchpoints, Know Your Customer
Contextual commerce eliminates the extra steps – allowing customers to convert right at the point of discovery:
Clicks into Instagram
Watches Story on product
Swipes up to purchase
Other potential channels include:
Social media
Email newsletters
Digital advertisements
Webinars & podcasts
Blog posts & sponsored content
Ask a few questions to help identify the inventory and channels most apt for action:
How much detail is needed for the transaction?
Does product research happen on social?
Does the time-to-purchase depend on price?
How many pieces of content do they typically interact with prior to purchase?
Build the Framework
Embrace best practices as you design a payments ecosystem to support buying on impulse.
Start with common, low-specification purchases
Add functionality as you scale for selecting sizes or colors directly
Map out a timeline for more complex products
Model as You Go
Remember to iterate over time, embrace new platforms, avoid pitfalls.
The views expressed by the authors are not necessarily those of Fifth Third Bank, National Association and are solely the opinions of the authors. This article is for informational purposes only. It does not constitute the rendering of legal, accounting, or other professional services by Fifth Third Bank, National Association or any of their subsidiaries or affiliates, and are provided without any warranty whatsoever. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.
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