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Visual Search: Game Changer for Second-hand Marketplaces

Modernising Second-hand Fashion: How Prime AI’s Visual Search Empowers Sustainable Shopping on Platforms Like Vinted

The second-hand marketplace has experienced significant growth in recent years, driven by increasing consumer interest in sustainability and the ethical sourcing of fashion. Platforms like Vinted have capitalised on this trend, allowing consumers to buy and sell pre-owned clothing. However, these marketplaces face unique challenges, particularly in search functionality. Traditional text-based searches often fall short in helping users find specific items, especially when they lack precise terminology to describe what they are looking for. This is where Prime AI’s Visual Search technology can enhance the second-hand marketplace experience.

The Rise of Visual Search in E-Commerce

Visual Search technology allows users to search for products using images rather than text. This method leverages advanced artificial intelligence to analyse and match visual patterns, making it easier for users to find visually similar items they are interested in, even when uploading and searching through non-professional, user-generated images. This technology can significantly enhance the shopping experience for online fashion retail by reducing the time and effort needed to find specific products.

Benefits of Visual Search for Second-hand Marketplaces

1. Enhanced User Experience

One of the most significant advantages of Visual Search is its ability to improve the user experience. Traditional text-based searches can be cumbersome, especially for users unfamiliar with specific fashion terms, or when searching using a foreign language. Visual Search eliminates this barrier, allowing users to simply upload an image of the item they are looking for and receive instant results of visually similar products. This feature is particularly beneficial for second-hand marketplaces, where the variety and uniqueness of items can make text-based searches less effective.

2. Prime AI Visual Search Technology vs. Traditional Visual Search

Prime AI’s proprietary Visual Search technology stands out in the e-commerce landscape, particularly for fashion retailers. Unlike traditional visual search technologies, which often require professionally taken images and are limited to searching through libraries of professional images, Prime AI has developed a system that excels with non-professional images. This means users can search using everyday photos, whether taken quickly on a smartphone or sourced from social media, and find visually similar items within a library of similarly non-professional images. This capability is crucial for second-hand marketplaces like Vinted, where product images vary widely in quality and style.

One of the standout features of Prime AI’s technology is its ability to handle images with multiple items. Users can zoom in on a specific item within an image and search for visually similar products, enhancing the user’s ability to find exactly what they are looking for. This functionality is particularly beneficial for fashion retailers, where consumers often want to replicate a look seen in a multi-item image, such as a complete outfit or a room setting.

Prime AI has developed all this technology in-house, without relying on “off-the-shelf” models. This bespoke approach ensures that their AI models are specifically tailored for the fashion retail industry, providing a level of accuracy and relevance that generic models cannot match. A dedicated team at Prime AI continuously trains these models, ensuring they remain at the fore-front of fashion retail technology.

In addition to visual search capabilities, Prime AI offers search analysis and insights. Retailers can gain valuable data on what dress silhouettes are most searched, preferred lengths, sleeve types, necklines, and more. This information allows retailers to better understand shopper demand and optimise their inventory and marketing strategies accordingly. By leveraging these insights, retailers can stay ahead of trends and ensure they are meeting the needs of their customers effectively.

3. Increased Conversion Rates

Visual Search can lead to higher conversion rates by making it easier for users to find exactly what they want. When shoppers can quickly locate items that match their preferences, they are more likely to purchase. Additionally, visual search can suggest complementary items, encouraging users to buy more and increase the average order value.

4. Improve ROAS with Visual Search

Visual Search technology can significantly enhance the return on ad spend (ROAS) for e-commerce businesses by addressing common challenges faced in paid advertising. When customers arrive at a website via paid ads from social media or Google Shopping ads, they may leave quickly if their desired size or product is unavailable, leading to a high bounce rate. Visual search can mitigate this issue by reducing the bounce rate by about 5%, as it allows customers to search for visually similar products in seconds, keeping them engaged and continuing their shopping journey.

This reduction in bounce rate means that businesses can extract more value from their paid advertising efforts, ultimately making the business more profitable. Unlike traditional product recommendation tools that focus on bestsellers, Visual Search utilises the entire product catalog, increasing the discoverability and sales of products that typically underperform. This comprehensive approach ensures that more of your inventory is actively contributing to sales, rather than just the top-selling items.

Moreover, if your website incorporates technologies like Clothing Size Finder or Shoe Size Finder, customers can find not only visually similar products but also those available in their size. This integration saves customers significant time and effort, enhancing their shopping experience and increasing the likelihood of conversion.

5. Accessibility and Inclusivity

Visual Search also makes online shopping more accessible. For users with disabilities who may struggle with traditional text input methods, visual search provides a more inclusive shopping experience. This inclusivity can attract a broader audience to secondhand marketplaces, further driving growth and engagement.

6. Language Barrier Elimination

Second-hand marketplaces often serve a global audience, and language barriers can be a significant hurdle. Different countries use different terminologies for similar products, which can make text-based searches ineffective. Visual Search transcends these language barriers, allowing international customers to find what they are searching for without knowing the specific terms used in product descriptions.

7. Real-Time Trend Adaptation

Fashion trends can change rapidly, often influenced by social media and celebrity endorsements. Visual Search allows users to find similar items to those seen in trending images super fast. This capability ensures that second-hand marketplaces can keep up with the latest trends and meet shifting customer demand in real-time.

Compelling Statistics for Visual Search Adoption

  1. Market Growth: The visual search market is projected to reach $14.73 billion by 2028, growing at a CAGR of 17.5% from 2021 to 2028. This rapid growth indicates the increasing importance of visual search technology in e-commerce.

(Data Bridge Market Research on Visual Search Market)

  1. User Preference: 62% of millennials and Gen Z consumers desire visual search capabilities more than any other new technology. As these users comprise a significant portion of second-hand marketplace users, this statistic is particularly relevant for Vinted.

(Market Research Intellect on Visual Search Market Size and Forecast)

  1. Conversion Rate Impact: Retailers implementing visual search have reported up to a 30% increase in conversion rates. This technology could drive a substantial boost in sales and user engagement. At Prime AI, our clients see at least a 3% increase in overall sales from day one of implementing the Visual Search Technology.

(IndustryARC Visual Search Market Report Analysis)

  1. Mobile Usage: Over 50% of consumers report using image search at least monthly, with 69% of younger consumers finding visual search most appealing on mobile devices. This aligns well with Vinted’s mobile-first approach.

(Statista on Mobile Visual Search Usage)

  1. Search Efficiency: Visual search leads to checkout twice as quickly as text-based search. For Vinted, this could mean faster transactions and improved user satisfaction.

(Research on Visual Search Efficiency)

Case Study: Vinted

Vinted, a leading second-hand marketplace, could greatly benefit from integrating Prime AI’s Visual Search technology. Here’s how:

1. Streamlined Product Discovery

Vinted users could upload images of items they are interested in, such as a dress seen on social media, and instantly receive results of similar items available on the platform. This feature would make it easier for users to find specific items without navigating numerous listings.

2. Improved Customer Retention

By enhancing the search experience, Vinted could improve customer satisfaction and retention. Users who find the platform easy to navigate and efficient in helping them find what they want are more likely to return for future purchases.

3. Data-Driven Insights

Prime AI’s Visual Search technology also includes an analytics dashboard that provides insights into user behavior. Vinted could use this data to understand what types of products are most searched for and optimize their inventory and marketing strategies accordingly.

Challenges and Considerations

While the benefits of visual search are clear, there are also challenges to consider. Implementing visual search technology requires an initial investment in integration and ongoing maintenance to ensure accuracy and performance. Additionally, the effectiveness of visual search depends on the quality of the images uploaded by users and the comprehensiveness of the product catalog. 

Prime AI has considered this and developed the Visual Search tool to work accurately with non-professional or user-generated photography typically found on peer-to-peer marketplaces. The tool is easily integrated into any system, requiring little maintenance as Prime AI does all the heavy lifting.

You can try Visual Search at  https://findclothesbypicture.com/

Conclusion

Prime AI’s Visual Search technology has the potential to be a game changer for second-hand marketplaces like Vinted. By enhancing the user experience, increasing conversion rates, and providing valuable insights into customer behavior, visual search can help these platforms stay competitive in a rapidly evolving market. As consumer demand for sustainable and ethically sourced fashion continues to grow, integrating advanced technologies like visual search will be crucial for the success of second-hand marketplaces.

By embracing visual search, Vinted and similar platforms can improve their current offerings and future-proof their businesses against the shifting consumer expectations that underpin the cut and thrust of online shopping.