Joyned, originally known as Gamitee, is a social shopping platform that has caused a stir in the online retail sector. The Jerusalem-based SaaS firm just raised $4 million in seed investment to advance development of its platform. This article will examine Joyned’s social shopping platform in depth and discuss the possible effects it can have on the retail sector.
The Transformation from Gamitee to Joyned
Joyned, formerly known as Gamitee, is a branding that aims to make customers happy with their purchases. By fusing the strengths of social interaction with online purchasing, Joyned makes it possible for businesses to include a group buying experience into their own websites. The social shopping industry has undergone a sea change as it moves away from depending on social media platforms for advertising and toward giving more control to merchants.
Revolutionizing Social Shopping
The Concept of Collaborative Shopping
In a first for the retail industry, Gamitee to Joyned enables customers to invite their friends to join them while browsing on a retailer’s website. Adding a “shop with me” button to their site only requires injecting some basic Javascript code, allowing customers to collaborate on a shared shopping basket and mood board. With this cooperative method, internet shopping might seem more like hanging out with friends.
Empowering Merchants
Joyned gives businesses more control over their customers’ social buying experience than traditional social media marketing. Retailers who adopt Joyned’s technology see improved conversion rates, reduced customer acquisition expenses, and increased customer loyalty. The data gleaned from the platform helps retailers better understand their clientele, allowing for more customized products and a more pleasurable buying experience overall.
Bridging the Gap Between Online and Offline
By making shopping on store websites more interactive and social, Joyned hopes to close the gap between the two modes of purchasing. Customers may re-create the social experience of shopping with friends in a real store by inviting them to join them in their online expedition. The Gamitee to Joyned method breathes fresh life into the online purchasing experience by making it more dynamic, exciting, and satisfying.
The Seed Funding and Strategic Investors
Investors with deep knowledge of the retail sector have been drawn to Joyned’s recent $4 million early fundraising round. Former Bed Bath & Beyond president Arthur Stark, Dotomi and ICQ founder Yair Goldfinger, and Hard Rock Digital managing director and executive chairman Rafael Ashkenazi led the fundraising round. Joyned is looking to grow its brand and presence in the U.S. market, and these strategic investors will help it do so.
Joyned’s Technological Advancements
For example, Gamitee to Joyned can be easily integrated with prominent e-commerce systems like Shopify and uses cutting-edge technology like Javascript. Joyned’s plug-and-play nature facilitates its adoption by merchants that wish to provide social buying options on their websites. The company’s dedication to research and development guarantees that its retail clients always have access to the latest and greatest in terms of features and capabilities.
Benefits for Retailers
Lower Customer Acquisition Costs
Retailers may save money on new customers by using the social features of the Joyned platform. There is no need for expensive marketing efforts when consumers spread the word about a store’s offerings by inviting their friends to join them there.
Improved Conversion Rates
Joyned’s community-based shopping experience boosts conversion rates by encouraging consumers to feel comfortable sharing and interacting with one another. Customers are more likely to finish their purchases when they are able to socialize with friends, share opinions on items, and make collaborative buying decisions.
Enhanced Customer Loyalty
Gamitee to Joyned aids stores in fostering brand loyalty by introducing sociable features into the shopping experience. Customers who brag about their purchases to their social circles are more likely to make additional purchases and promote the business to others. The Joyned platform helps stores maintain these connections with customers, which leads to increased sales and satisfied regulars.
Joyned’s Impressive Results
Joyned’s growth and revenue have skyrocketed since the debut of the platform. Joyned is well on its way to achieving its one million dollar sales goal, having already reached about $500,000 in sales in a short period of time. The platform’s efficacy and the platform’s capacity to produce concrete business benefits for merchants are highlighted by these excellent results.
U.S. Expansion and Future Plans
The fresh capital will allow Joyned to significantly increase its presence in the American market. The firm has made great progress in the Sunshine State and now wants to fortify its marketing department while expanding its sales and support infrastructure. To this end, Joyned seeks to partner with well-known American companies so that they may use its platform to improve their consumers’ buying experiences.
Conclusion
The revolutionary social shopping platform Joyned may completely alter the online retail industry. Joyned is a collaborative shopping platform that benefits both retailers and consumers by empowering merchants and connecting the online and physical shopping experiences. Joyned is poised for rapid development and expansion because to its strong performance and wise financial decisions. We can anticipate more groundbreaking innovations and the dawn of a new era in social shopping as the firm continues to create waves in the market.
FAQs (Frequently Asked Questions)
Joyned is unique because it allows customers to work together while buying on retailers’ websites, giving control of the shopping process back to the shops themselves and adding a social dimension to online purchasing.
How does Joyned benefit retailers?
Retailers may use Joyned to save money on client acquisition, boost conversion rates, and create loyal patrons. It’s a great way to learn more about what makes your target audience tick.
What results can retailers expect from using Joyned?
When customers recommend their friends to a store’s location, it may boost sales by 6-15 percent. In addition, Joyned can raise both retention rates by as much as 250% and site traffic by as much as 40%.
What are Joyned’s plans for the future?
Joyned plans to rapidly expand across the United States and work with established companies to do so. To back its expansion aspirations, the firm is also looking to raise money in a Series A fundraising round.
How does Joyned bridge the gap between online and offline shopping?
With the help of Joyned, online shopping may feel more like a social outing than a chore, as friends and family can join in on the fun and contribute to a single virtual shopping basket.