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BizReport : Social Marketing : July 08, 2011
Privacy concerns hinder Facebook commerce
More research points to security and privacy concerns being the main reasons behind the slow adoption of shopping on social networks.
Last month a Havas Media Social/Lightspeed Research survey found that many British consumers don't shop via social networks because of security concerns. Even if a special offer was featured on a brand's social network page, most would prefer to redeem that offer on the brand's official website.
New research from marketing communications agency JWT echoes the Havas/Lightspeed research. It found that almost 80% of adults in the UK and US worry that Facebook isn't a secure environment in which to shop online.
Three-quarters said they "wouldn't use a shopping application on Facebook because of concerns that it could compromise my privacy--e.g., shared with third parties" or that Facebook wasn't secure enough to make purchases on.
A surprising statistic from JWT's findings is that Millennials were the most concerned about privacy for direct shopping via Facebook (81%) compared to Gen X (75%) and even Boomers (79%).
Many of these hurdles are the same ones retailers encountered when they first ventured into e-commerce more than a decade ago," says JWTs "Social Commerce" report.
"As they experiment with F-commerce, brands can look at the lessons from that time period for guidance on how to overcome these challenges and ease consumer concerns."
Tags: consumer insight, F-commerce, Facebook commerce, onine shopping, research, social commerce, social network
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