HUNTSVILLE, Ala.--(BUSINESS WIRE)--CommentSold, the leading commercial live selling platform that has generated $1.65B+ in lifetime GMV and shipped 94M+ products by enabling thousands of retail businesses to unlock sales growth through live selling, announced today the launch of Videeo: a best-in-class white-label, live video commerce technology for enterprises. Videeo gives enterprises the ability to deliver engaging, branded live video commerce experiences by easily integrating live selling into an online retailers' existing e-commerce stack. This bolt-on live commerce solution will play a critical role in increasing brand loyalty and customer engagement, while driving increased repeat purchase rate and revenue growth.
Research shows at least 47% of consumers want more live video content from the brands they support, and 67% of live stream event viewers become repeat purchasers. It’s clear that live selling is gaining momentum: live commerce initiated sales could reach between 10 to 20 percent of e-commerce sales by 2026. Enterprise retailers without an existing live video commerce strategy will face a major challenge to stay competitive. Now, with CommentSold’s Videeo, these retailers have the opportunity to meet the demand by establishing quality relationships with customers through visual entertainment and compulsive commerce on websites, social channels, and mobile apps.
“As consumer expectations and shopping behaviors continue to evolve, it’s proven that retailers that leverage live video commerce continue to experience major success,” said Brandon Kruse, CEO of CommentSold. “Videeo is the best-in-class solution that empowers large retailers to quickly implement live video commerce and create entertaining experiences that consumers crave. As the leader in the space, we have years of proven industry-leading experience, working with thousands of retailers shipping 94M+ items through our technology. Our unrivaled expertise drives our innovations and we are excited to continue to help our customers scale.”
Videeo brings enterprise retailers the ability to:
- Go live everywhere at once - by streaming live shoppable videos across their website, social media platforms, and mobile apps, customers can easily make purchases via their preferred channel
- Own their audience - transactions occur on the enterprise retailer’s existing e-commerce checkout and customer data remains in the enterprise retailer’s database to ensure privacy protection
- Sell 24/7 - every live video sale is available on-demand in a programming library to allow customers to easily shop the replays on their own schedules
Videeo initially launched in early 2022 as a limited rollout to a select group of enterprise clients. Those early adopters have already experienced success with their initial foray into video commerce. CommentSold’s internal team of subject matter experts and strategists are instrumental in the platform’s success by providing white glove service for successful channel activitations and providing scalable, ongoing coaching, support, and account strategy services.
Videeo is available for enterprise retailers now. For more information, please visit www.videeo.live.
CommentSold is the North American leader of live selling technology, with over 4,000 small to enterprise-sized retailers, more than 94 million items sold and $1.65B+ in lifetime GMV. In 2021 alone, retailers working with CommentSold processed over $1.1B in GMV and shipped over 34M items. Clients use live video and shoppable video clips generated from live events to sell fashion, beauty, home goods, electronics and other items to over 16M registered users of the platform. CommentSold is led by entrepreneur Brandon Kruse and is based in Huntsville, Alabama. For more information, please visit CommentSold.com.