The rapid development of mobile technologies has enriched the concept of e-commerce and expanded the ‘place’ of buy and revenue flows for merchants. Consumers can now shop and pay not only in a shop, but also at home, work, on the bus, and on the hoof. The smartphone and m-commerce have in that manner clouded the limits between the on- and offline worlds.
Time has become an extremely valuable commodity, and to a important degree defines the choice of products, sets and retailers. Convenience is another meaningful factor for consumers. Experts say that TV commerce (or t-commerce) is an area for the new smarter shopping and a path for merchants to include with consumers in new ways.
Connected TVs or smart TVs, which have roles such as connection to the Internet and streaming, are becoming standard among TV brands. According to some industry supplies, the penetration rate of connected TVs was 20% in 2010, and will increase up to 50% in 2013. In addition to that, such platforms as Google TV, Apple TV, and Roku for viewing video on need (VOD) are getting increasingly popular. Television is consequently entering an thoroughly new era, bringing more opportunities for advertising, marketing, revenue generation, and viewer participation. What are the meaningful features of t-commerce?
- Making purchases. T-commerce solutions allow TV-viewers to respond directly to offers delivered on the screens of their TVs, and immediately buy products by using their existing far away controls and set-top boxes.
- Request for information. T-commerce apps permit TV viewers to request more information on products, sets or events directly from the content they are watching on the television with a few simple clicks on the far away control.
- Voting and polling. T-commerce solutions provide additional opportunities for the viewer to interact with programs, advertisers, and networks. consequently, viewers can vote on their favorite shows, programs, news reports, game shows, sporting events, etc.
- The immediate response. The moment feedback from the viewer method immediate response for the merchant. Businesses gain thereby valuable customer data for further research and targeted marketing.
The paradigm of t-commerce has the possible to change TV sets into a powerful business tool enabling merchants to conduct business over television. T-commerce makes it possible to reach new and existing customers by increasingly popular Internet-connected TVs and set-top boxes. The complete shopping can be performed with nothing more than a series of clicks on the far away control. Consumers usually respond very positively to businesses that take the time to understand their needs and offer excellent customer service.