3 Ways Entrepreneurs Can Tailor Their Ecommerce Strategy for Maximum Growth
Ecommerce continues to grow. Here are three things that entrepreneurs need to do in order to find success with it.
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When the pandemic hit, workers were sent home, schools closed and shopping became a high-risk activity. Retailers scrambled to survive by implementing methods to continue selling their products, including daily necessities, to home-bound consumers. Our favorite stores and activities amped up their online presence, new platforms came out to streamline sales, and for everything else, there was Amazon. Everyone adapted, and as a result, we realized how much valuable time and effort we could save by shopping online.
Even as retailers reopen their doors, ecommerce is unlikely to slow down any time soon, but to cash in on the boom, business owners need to up their online game in these three areas. 1. Work harder to stand out
Between convenience and improved user experience, nothing is likely to abate the growing momentum of ecommerce. In 2020, U.S. ecommerce continues to grow staggeringly and is predicted to surpass $1 trillion in 2022. In groceries, that distinction was even more profound. Reports also indicated that 49% of U.S. households were shopping for their groceries online, another statistic that is expected to continue growing. With more variety and luxury options found in the palm of your hand and delivered right to your door, online shopping is likely to keep spreading across all retail categories.
Along with the boom in ecommerce will come a boom in the number of merchants, sales channels and, critically, tools to help SMBs (small and medium businesses) compete alongside the industry giants. Before the pandemic, trend reports were already showing that lowered costs were driving established organizations and large enterprises to lean into ecommerce, and online marketing tools had been rapidly advancing business […]
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