
Raconteur predicts 2025 to be the year for global expansion and digital transformation for eCommerce businesses.
While the year is still in its infancy, it’s heartening to know the global eCommerce market is set to be worth $6.56tn by December. Experts say the 7.8% increase is due to the spread of mobile commerce, improved digital payment systems and seamless omnichannel experiences.
As an eCommerce business, how can you capitalize on these emerging trends? We’ll explain below.
Social Commerce
A rapidly growing lifeline for eCommerce, social commerce leverages social media and other digital outlets. The concept facilitates transactions between businesses and their customers, explains TechTarget.
Social commerce taps into social media to promote products or services directly on their platforms. Online reviews, ratings and recommendations fall under this specific umbrella.
It’s all about connecting with your target audience in a meaningful way. Engaging content is a way to direct users to a specific product or your eCommerce website. However, you must tailor your content to each platform’s unique audience.
Even though you might have a strong social media presence, it doesn’t mean you neglect your online store. Ensure your website is built to be user-friendly, and efficient and your website design aligns with your brand message.
If you’re craving a website refresh, the easiest way to accomplish it with minimum hassle is with an AI website builder. Hocoos says with the help of AI-powered tools, you can build a professional business website within minutes.
You have the option of doing a complete overhaul with the website creation features, resulting in a professional AI-designed business website. Some offerings have free custom domain names and a customer support team.
Ensure your social media buttons are visible. Use the AI logo generator to throw out a few suggestions to achieve optimum visibility. There’s the option of an AI image editor and an AI website content generator.
Sustainability
Consumers are becoming more aware and mindful of the natural world and expect trusted brands to do the same.
Forbes says buyers demand that online retailers get with the green practices program. And we’re not talking about doing the bare minimum. People want to see companies actively striving to minimize their environmental impact.
What does sustainability look like in the eCommerce space? Once again it comes down to your website and its efficiency. What might have worked for you five years ago could be why your customers are experiencing drag or timeout messages.
If your website has problems integrating new features and tools, the hosting servers work at full capacity, increasing carbon emissions.
Research sustainable and scalable solutions to decrease your and your customer’s energy consumption when they visit your online store.
Adapting B2C Experiences
There’s no denying that AI is dominating the technology world. So, it’s not surprising that various innovations have expanded into the eCommerce sector.
Another point worth noting is that the younger generation of B2B buyers expects the same seamless transaction process that B2C clients experience.
They want a highly personalized experience with strong search capabilities, live inventory updates and dynamic pricing.
Look at your customer’s journey as a single, seamless sales cycle. Understand how to connect lead sourcing to closing the deal.
One of the most important factors is to view your customer journey as a single holistic sales cycle.
Tapping into Emerging Markets
Deciding to expand globally can be a daunting task. Instead of aiming for established markets, why not target emerging markets?
There’s so much more growth opportunity. EMQQ Global founder Kevin Carter tells CNBC that India is the world’s second-largest emerging market, thanks to its flourishing technology sector.
Using Zomato as an example of eCommerce growth in the South Asian country, Carter says company stock skyrocketed 128% last year. His reason? The quick commerce business blanket exceeded expectations.
The increased access to high-speed internet is creating more mobile commerce and middle-class consumers in these emerging markets.
However, it’s important to research and identify the best opportunities for your business. Verse yourself in customs rules and country-specific regulations.
Understanding Consumer Behavior
Your customers are a fickle bunch. They are attuned to the current market trends and social issues.
Tapping into their behavior will afford you a wealth of information, from the psychology behind their buying process and why they choose other brands over you.
Constantly engage your customers and ask them what they need and want to make a better product. Proactive customer support and providing different platforms for engagement can help reshape the customer experience positively.
Social commerce will help you reach a wider audience. Incorporating sustainable business practices shows your customers you care about the environment.
Adapting the B2C experience to include B2B clients goes a long way in maintaining relationships with vendors and partners. When tapping into emerging markets, do your research.
And remember, always stay abreast of eCommerce trends to scale your business effectively.
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