Here are 7
e-commerce trends that small business owners should be aware of in 2014.
1. Mobile, mobile and more mobile
1. Mobile, mobile and more mobile
According to the Custora High-Growth E-Commerce Index, 2013 Black
Friday was "Mobile Friday" with almost 40% of all online shopping
done on mobile devices. This trend will continue in 2014 as more consumers are
empowered to use their phones and tablets to shop anytime, anywhere. Small
businesses need to make sure their sites are optimized so that customers can
view them on any type of handheld mobile device. Seamless browsing, saving, and
shopping across platforms will be crucial for any business that wants to grow
in 2014.
2. Free and faster shipping
In 2014 we will see more innovations in the delivery end of the
purchase experience. It's now a must to offer free or faster shipping options.
Businesses now have the option to partner with companies that work with
retailers to offer customers free or faster shipping. Small businesses that
can't afford free and fast shipping can look for creative ways to deliver. A
caring and personal note to customers might just be more effective than
delivery by a drone or robot.
3. Business without borders
Businesses--including
small businesses--are waking to the fact that they need to look beyond their
borders. 2014 will be a year of exponential growth in global e-commerce. A.T.
Kearney researchers recently concluded in its annual Global Retail E-Commerce
Index report that successful retailers in search of sales growth are
increasingly going global by expanding their online shopping operations in
foreign countries. Astonishing numbers such as the $5.7 billion sales on China's Singles' Day, the equivalent of Cyber Monday in the
U.S., have been a wake-up call to many businesses that have not looked outside
their borders.
4. Content marketing is
essential
Content
marketing is one of the main ways that companies establish authority and gain
trust with their online shoppers. It has become a popular e-commerce marketing
strategy in 2013 and will continue to grow. A recent study shows
that 82% of marketers plan to increase their budgets for content marketing in
2014. Small businesses that don't have a big budget can provide unique, useful,
and entertaining information to inspire purchases and build greater rapport
with their customers. California-based skincare company 100% Pure, for
example, posts skincare tips, links to charities they support, and professional
makeup application advice to engage their followers. Long gone are the poorly
written SEO articles of the past that only went viral because of their bad
grammar.
5. Growth of guided discovery
With today's shoppers going online and crunching for time, they
need fewer choices but the right choices. To make shoppers' lives easier in
2014, more and more online businesses will start engineering the right mix of
"guided discovery" to provide targeted and welcome suggestions that
help consumers make purchases. Small businesses can embrace this trend by
looking at the user data they already have available and providing relevant,
thought-out recommendations. The key is to help them browse less, find more.
6. Consumer-driven demand and
personalization
Consumers
want unique, original products and businesses need to be able to deliver that
in increasingly creative--and profitable--ways. In 2014 we will see more
businesses empower customers with the ability to personalize, modify, or design
the products that they want to purchase. More businesses will start to
implement 3D printing technology to enable and speed up this customization.
They'll also allow consumers to specify ahead of time what they want to buy and
when they want it--often before those products are even grown or manufactured.
A few successful pre-sale campaigns between China and U.S. agricultural and
seafood industries this year have allowed customers to pre-order cherries, king crabs, and other goods while they're still on the trees
or in the water with delivery on specified dates. This growing technology-based
e-commerce trend increases efficiency dramatically and benefits both consumers
and businesses.
7. It's still about the brand
In the midst of the mega e-commerce coming in 2014, businesses
will go back to the basics: building a strong brand. No e-commerce trend will
survive without a solid brand as its foundation. Businesses build a strong
brand by delivering great products, articulating their missions, and aligning themselves
with influencers who can talk about their brands for them. They key is no
matter what you do, do not forget about the brand no matter what bells and
whistles you use to market it.
The unifying factor of 2014's 7 e-commerce trends is that they benefit
both consumer and business alike. Better e-commerce means a memorable shopping
experience for consumers with more options, better services, and lower prices.
And it's a win for businesses, too, because it means happier customers,
smoother online functions, and more growth opportunities.
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