It’s the perfect time to begin thinking about your next year’s eCommerce strategy, with 2023 just around the corner.
While you need to be aware of the current economic environment, it’s also important to plan for continued growth in eCommerce.
According to data on eCommerce sales, in 2021 global retail eCommerce sales were approximately 5.2 trillion U.S. Dollars.
This number is expected to rise by 56% in the coming years and reach 8.1 trillion dollars in 2026.
Is eCommerce set to grow in 2023?
Although e-commerce is growing slower than in the times of the pandemic, it still accounts for a larger share of global retail sales.
One in five retail sales will now be done online by 2023.
These numbers are important, but commerce is more than just a transaction.
Which sector is expected to boom in 2023
Internet and Information Services are two of the most promising sectors for investing in going into 2023.
At a compound annual rate of 13.5%, the global IT services market grew to $3,471.35 million in 2021 and $3,938.75 in 2022.
At a 10.7% CAGR, the market is expected to reach $5905.09 billion by 2026.
While there are many factors to consider when designing your eCommerce strategy, we believe that these five pillars are the most important for success in 2023.
- Customer experience is the main focus
- Mobile-first design
- Omnichannel approach
The first pillar is about the customer experience. To be successful in 2023 you must ensure that your customers have an enjoyable experience with your brand.
It means offering a seamless, convenient shopping experience for your customers from beginning to end.
This can be done by providing;
- A variety of shopping channels
- Including a website
- Mobile app
- Brick-and-mortar stores
- And a variety of other options.
They can then choose the most convenient channel for them at any time.
Offering fast, free shipping and easy returns is another way to enhance the customer experience.
These features are becoming more important to customers. If you don’t offer them, your customers will go to your competition.
It’s also important to ensure that your customer service is excellent.
You need to have a team of helpful and friendly customer service representatives available to assist your customers with any problems they might be having.
Personalization is the second pillar in a successful eCommerce strategy. Personalization is the second pillar of a successful eCommerce strategy. It allows you to stand out in a competitive market by personalizing your customer’s shopping experience. You can do this in many ways.
For example, you could recommend products based on their past purchases or offer personalized discounts.
You can personalize your shopping experience by using customer data. You can show them products relevant to their location or show them similar products based on their past purchases.
You can also send personalized emails to your customers or push notifications with information about new products, special deals, and other details. It is important to use customer data to create a personalized shopping experience.
Automation is the third pillar in a successful eCommerce strategy. Automation is a key component of scaling your business and reaching new heights of growth. This applies to customer service, order fulfillment, marketing, and even marketing.
Automating these processes will allow you to save time and money that could be better spent elsewhere. Automation can also improve accuracy and efficiency in your operations. Automated fulfillment systems, for example, can ensure that orders are processed on time and sent out as promised.
Automation can be a great way to automate your marketing efforts. Marketing automation software can be used to send customized emails and push notifications to customers. You can be top of mind and not have to do a lot more.
A mobile-first design is the fourth pillar of a successful eCommerce strategy. Today’s digital age is a time when more people shop online using their smartphones. You must ensure that your mobile apps and website are mobile-friendly if you wish to succeed in 2023.
This means designing a layout that works on smaller screens or touchscreens. It’s also important that your website and mobile app load quickly on all devices. You run the risk of losing customers to your competition if it doesn’t.
The mobile-first design doesn’t mean creating responsive websites. Mobile-first design is not just about creating a responsive website. It also involves making sure your entire eCommerce strategy is mobile-friendly. It includes making sure your checkout process is mobile-friendly and offering mobile-specific discounts or offers.
An omnichannel approach is a fifth and final pillar of a successful eCommerce strategy. A strong omnichannel presence is essential to engage and reach your customers across all channels. This is a way to maintain a consistent brand message and identity across all channels, such as your website, mobile app, and social media.
Also, it is important to ensure that your omnichannel strategy integrates with other eCommerce systems.
Your inventory should be synchronized across all channels to allow customers to purchase products regardless of where they shop. Your customer data should also be shared across all channels in order to provide personalized service to each customer.
These five pillars will ensure your eCommerce business is successful in 2023. Thing positive, These strategies will help you stay ahead of your online competition.
Do you need help implementing or building your strategy for 2023 Contact ITBee Solutions in Philadelphia to help you reach your business goals.