Host: Nadia Cameron, Publisher | Editor – Marketing

Live shopping, a blend of live video, real-time interaction and in-stream checkouts, is becoming a significant incremental ecommerce growth lever. Global figures suggest living shopping will tip an eye-watering US$2 trillion by 2030 and hit $1bn this year. It’s already revolutionising retail in Asian markets: Live shopping in China represents 80 per cent of the incremental growth in the ecommerce sector.

A big driver for this gamified commerce phenomenon? FOMO. Per eBay research, almost half of Australians (48%) are driven by fear of missing out in their shopping habits, and one in two say they’ve missed out on coveted limited edition or rare items they would have liked to have purchase.

With such insights to hand, eBay Live launched in Australia just in time for Christmas, coupling the livestream broadcasting format with its goods marketplace. First port of call: The growing collectables audience of buyers and sellers on its platform (30 per cent of Australians are collectors).

Over the last 3-4 years, eBay took a position that it wasn’t going to be a marketplace for everyone and everything, says eBay head of marketing and communications, Zannie Abbott. Core categories for eBay include car parts and accessories, pre-loved fashion and the ballooning category of collectibles and trading cards.

“There are other places where you can buy your tissues and your nappies, but we really are the place to go for the things you love, and we have really doubled down in specific focus categories where we know we have a right to win here locally in Australia,” she says. “There is a perfect synergy around community, commerce and culture as an opportunity that really is ripe for us.”

eBay Live has been natively built into the marketplace and app. Users can go straight into a live stream and start bidding and buying, participating in short auction bursts running for just seconds. The local rollout took a snappy six weeks thanks to learnings from US and UK launches, cross-functional collaboration and a “scrappy” all-in approach to innovation fuelled by a low-ego culture, says Abbott.

Trust is at the heart of the offering, continues eBay Live category manager, Eric Chen. Every seller is vetted, handpicked as much for personality and broadcast potential as they are for their selling prowess.

Tapping directly into FOMO and culture, eBay chose to make its first Aussie livestream secret, featuring AFL superstar, Buddy Franklin, who auctioned rare, signed AFL trading cards for just $0.01. The global trading card games market is forecast to grow to $18bn in the next five years.

“It's incredibly exciting for everyone tuning in at the moment, but that also then turns into content afterwards that reaches a much bigger audience,” Chen says. “We just had a stream last week with Veronica Taylor, who was the original voice of Ash Ketchum for the Pokémon 30th anniversary event. These moments are something we’re able to build through eBay Live, which previously we didn't have a platform for, and create these special moments.”

To grow awareness and education, eBay Live’s marketing strategy emphasises owned channels and grassroots connection. It’s leveraged five collectible toy events, undertaking live activations on stage to build momentum, interest and excitement in the entertainment-with-commerce proposition.

Using the starting point of behaviour, iProspect national managing director, Marcelle Hoyek, says the agency worked with eBay to identify two audiences: Those ready for Live now, and those who will be ready sometime in future. Live wasn’t an unfamiliar concept, but the habit wasn’t ingrained, she points out. “It all starts with audience and that’s the biggest role we play with eBay when they’re launching something new into market,” she says. “Who's the audience? What are they into? What are their drivers? And what's the opportunity for us?

Commercial data is indicating eBay is onto a winner. In the UK, one seller sold $1 million watches in three hours. A livestream featuring Pokémon cards clicked over $100,000 in one night.

“There are a number of metrics we're monitoring as a business to understand whether we're getting traction or not, and that's everything from number of sellers to number of live streams to sales,” comments Abbott, adding a fine balance of new buyers coming to site, content density and number of sellers is critical to success.

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The rise of live shopping: eBay taps fandom, collectibles obsessions, and the consumer’s penchant for entertainment-laden commerce with debut of eBay Live in Australia as global spending looks set to hit $2bn by 2030.