Gu et al. (2024) Flashcards
Study’s aim
Explore the effectiveness of different influencer marketing strategies in livestream commerce, using data from TikTok livestreams in China. Investigates whether firms should collaborate with a single big influencer, multiple small influencers, or a combination of both to maximise product sales
Livestream commerce
Combines live video streaming and online shopping with social media influencers, creating an interactive shopping experience. Key aspects include: (1) Real-time interaction, (2) Community and urgency, and (3) Influencer role
Real-time interaction
Viewers can ask questions, receive immediate product information, see demonstrations, and interact with the influencer
Community and agency
Livestreams foster a sense of community, often with music, discounts, and calls to immediate purchase
Influencer role
Influencers demonstrate and promote products, acting as a bridge between the firm and the consumer. They also share aspects of their personal lives, build relationships with followers, and integrate product endorsements into their personal narratives
Big influencers
Effective at reaching a large audience. They establish a wide appeal through their personality and talent
Small influencers
Can foster more intimate relationships with their followers, leading to higher conversion rates
Dependent variable
Product unit sales during livestreams
Control variables
Factors like the number of products promoted, category focus, discount depth, and short video promotions were included to ensure robust results