News

Instagram determined to enter ecommerce by adding new feature for retailers

Wednesday 2 November 2016 10:00 CET | News

Instagram has added a new feature through which retailers can upload more information about the content they publish to the photo and video-sharing app, leading to ecommerce growth.

In 2015, the social platform started allowing advertisers to add a “buy now” button to ads that would link to a retailer’s store, fortune.com reports.

Instagram said that 20 US-based retail brands – including Kate Spade, JackThreads, Warby Parker, Coach, and J.Crew – will start sharing organic posts (not advertisements) of items, which will include a small “tap to view” icon at the bottom left of a photo.

When tapped, a tag will appear on items within the post, and Instagram users can zero in on a tag to see a more detailed view of the product, which could include pricing information and more. Retailers can then choose to include a “Shop Now” link, and the potential buyer will be led directly to the listing on the retailer’s web page.

For now, Instagram, which has 500 million monthly active users, is not taking any financial cut from purchases made through these types of posts, and makes money only from advertising. Acquired by Facebook for USD 1 billion in 2012, Instagram only opened up its advertising programme in September 2016.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Instagram, retailers, ecommerce, feature, US
Categories: Payments & Commerce
Companies:
Countries: World
This article is part of category

Payments & Commerce






Industry Events