Discover ten trends to help you deliver an outstanding online experience this year. The eCommerce industry has started to bloom after the start of the COVID-19 pandemic in 2019. As correctly predicted, this growth trend has not slowed down.
More so, during 2021, those companies that did not adjust their sales and marketing platforms were scrambling to adapt. Many believed that most economies would return to how things were before the pandemic. To their chagrin, this did not occur, and the end of the pandemic is still unclear. Regardless, people, as well as businesses, are finding ways that are effective for them to live their lives as normally as possible. One of these changes has meant shopping online rather than going into stores.
This article will explore the top eCommerce trends for this year. The key is to ensure that the customer’s experience is as pleasant as possible, not only to sustain the momentum but to allow these companies to outsmart their competition.
1. Chatbots
Automation is not new; neither are chatbots. These devices are part of machine-learning artificial intelligence (AI) technology. Chatbots use a string of automated triggers to assist customers during the customer journey. The benefit of this type of technology is that it is available 24/7.
Thus, regardless of when the customer is shopping, there will be ‘someone’ there to help the client, if necessary. The negative aspect is that chatbots are not always perfect. In many cases, such technology is great in theory; however, the execution is often problematic.
2. Voice and Conversational Shopping
Voice eCommerce is a technology that reduces end users’ reliance on hardware, permitting them to use voice commands to request and buy products online. By 2023, voice eCommerce sales are set to reach $19.4 billion in the United States alone.
This figure does not include the Chinese economic zone or the European market. However, as this method of shopping is easy for the consumer, it is set to grow.
Conversational shopping is a novel method of eCommerce in which brands and clients converse through human agents and AI assistants to deal with inquiries, make transactions, and gain services or assistance with their acquisitions. Conversational shopping is helpful for real-time interaction with customers.
Here, chatbots can ‘chat’ with consumers in real-time. An example would be a chatbot developed by a tech company that integrates into Facebook Messenger. A standalone example is Alexa, who assists Amazon clients in making purchases and interacts with them by answering their questions and making recommendations.
3. Various Payment Methods
Allowing the consumer to choose their preferred payment method is essential. However, what has changed is the additional payment methods available and the need to make the process of paying at checkout easier for the client. Businesses that offer various payment options at checkout come across as client-centric, increasing their trust with the client.
Moreover, having different payment options reduces cart abandonment and can assist clients in spending more. One of the popular payment options is interest-free financing solutions such as buy now and pay later. This, like other methods, allows flexibility for the customer.
4. Video Marketing
With the increased internet speed and better devices, using videos for marketing is becoming increasingly popular. As content marketing, videos are also valuable for reaching new clients. These videos are used on various social media channels, such as Facebook, Instagram, Twitter, TikTok, and, sometimes, LinkedIn. Additionally, these videos can be hosted on the company website to increase leads.
These videos do not have to be promotional − they can also be tutorials, user-generated content, and videos to help the client make a buying decision.
5. New Technology, Augmented Reality, and the Future of eCommerce
Companies must still invest in new technology to give them a competitive edge. These would include having 3D mapping, product builders, or product visualizers available for their customers. More so, augmented reality is making the process easier for consumers to see or virtually try out a product online.
This is key to recreating the offline retail shopping experience by elevating product merchandising. Additionally, this helps customers remain engaged with the brand and makes the online buying process fun and easy.
6. Loyalty Programs and Subscriptions
As the eCommerce industry grows and more players enter the market, the competition increases, too. Retaining existing clients is critical. Methods to ensure customer retention include marketing methods such as loyalty programs and subscriptions.
With these marketing tools come exclusive deals, instant savings, and rewards. Moreover, these tools also help to increase brand loyalty, deepening the relationship between the brand and the consumer.
7. Omnichannel Customer Experience
Omnichannel is set to increase in 2022, with shoppers valuing ease above everything else. An omnichannel approach offers the customer convenience by generating a seamless experience. Consumers can shop on their laptops or smartphones or order products via click-and-collect services in a store. With an omnichannel strategy, businesses would be better positioned to increase sales and drive customer loyalty.
8. Mobile Commerce
Mobile commerce (m-commerce or m-Commerce) involves using mobile handheld devices such as tablets or cellphones to condone commercial transactions. Procurement and selling products, paying bills, and online banking are also possible. Mobile commerce sales will likely double by 2025 in the United States alone. Your company should create an engaging and accessible experience for mobile shoppers to remain ahead. A great mobile commerce experience will ensure the repeated custom of clients. Ongoing sales and growth will thus be provided. Items such as push notifications, a mobile ecommerce app, SMSs, mobile content, and a mobile-optimized website may also be added.
9. Optimize the Buyer Journey
As eCommerce becomes many companies’ main customer purchase channel, the customer experience must be enhanced continuously for your company to remain competitive. To enhance the consumer’s path, refine the product search, produce a streamlined mobile experience, offer rich retail merchandising, and perfect the fulfillment and return procedures.
10. Optimize the Conversion Rate
To flourish as a modern eCommerce company, one should be capable of capturing the patrons’ courtesy from the start, eliminating any points of distraction from the conversion path. Conversion rate optimization is one path to an evergreen eCommerce trend that will assist online sellers in reaching both immediate and long-term outcomes.
11. Social Commerce
Society has embraced social media. Marketers are using these channels to reach their target audience and expose their products to these audiences. Social commerce is set to reach $79.6 billion in sales by 2025. A social media strategy is a must when planning the social media budget. This will include content and the goal of increasing followers and sales.
12. Sustainability
Sustainability is not limited to eco-friendly products and brands. However, clients are progressively purchasing from purpose-driven brands. In addition, more companies are integrating sustainable practices. These practices include making material changes to products and contributing to sustainability-focused groups. To unite with today’s mindful client, you’ll want to ensure your values line up with your niche market. This configuration will drive growth and build trust, benefiting the business.
13. Marketing Through Marketplaces and Other New Channels
Customers increasingly move to marketplaces like the big-box retailers Walmart or Amazon to curated, industry-specific websites. This indicates a move in buying preferences towards the greater ease and speed offered by these significant marketplaces. Instead of just being focused on a single channel, businesses will sell in conjunction with Amazon. The benefit is that companies can tap into a more comprehensive reach while benefiting from Amazon’s efficiency. Moreover, the company can keep control of its brand on its website.
14. B2B eCommerce Trends
Regarding B2B sales, paper catalogs and phone orders are replaced by a digital self-service buying experience, a streamlined back-end process, and excellent customer service. This comes about as eCommerce continually updates its technology to make the most of the current developments. Such means investing in online catalogs and offering efficient and rapid fulfillment of orders.
15. Personalized Marketing and Products
Research has shown that 80% of clients want more personalization from their favorite brands. Companies can cater more directly to their clients based on the consumer’s journey to offer a more intense level of personalization. This individual focus will drive the consumer down the marketing funnel and ultimately to conversion. However, for eCommerce businesses, it also means listing products clients want to buy. A technology assistant is recommended to help perfect your format.
Leveraging the eCommerce Trends to Change Your Business
Customers want a seamless, useful, and unforgettable shopping experience more than ever before. Spending on the right eCommerce trends will permit you to become accustomed to these fast-changing wants and likes. To distinguish your company, you must define which parts of eCommerce you are developing and what you could spend on those parts to build an enhanced online experience.
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