The rise of direct-to-consumer (D2C) brands is one of the most prominent eCommerce trends in this era of online retail. D2C sales in the US alone are projected to reach $175 billion by 2023, up from only $76.68 billion in 2019. Customers are also showing significant interest in buying from D2C brands. Over 50% of...
Author: Amadeusz Bathelt
eCommerce Trends and Forecasts to Prepare for in 2022
Category: E-commerce
The advancements in technology have generally improved the lives of people. For example, instead of driving to and from different stores to buy products, consumers can just place the order online using their mobile device at home. This is why business owners must set up an eCommerce store. By bringing your business to the touch...
E-commerce KPIs and metrics you should follow
Category: E-commerce management
E-commerce data analytics is the golden secret behind your business success. It offers amazing insight into the behaviors and actions of your potential and current customers. But with the sheer number of potential KPIs and metrics to track, how do you pick the right ones to help you improve your e-commerce conversion rate? Many e-commerce...
Cart Abandonment Strategies: 6 Ways to Fine-tune Your Cart Recovery Approach
Category: E-commerce marketing
This article was created in collaboration with targetbay.com. Cart abandonment is an obvious scenario when it comes to eCommerce. It happens very often and it has now become a part of the consumer purchase journey. There is no amount of over-exaggeration in that statement considering the fact that 3 out of every 4 people who...
How to maximize profit in e-commerce?
Category: E-commerce, E-commerce management
During the Covid-19 times, e-commerce boosts. Only in 2020, it grew by 44% year by year in the U.S. [1]. This is an incredible increase in only one year. On the one hand, it gives great opportunities for e-commerce businesses to grow. On the other hand, the number of competitors grows as people are attracted...
Conventional sales strategies in e-commerce. How to use them and what is the Marketing Mix?
Category: E-commerce, E-commerce marketing
Although the times are changing, some areas connected with acquiring new customers and selling products are still the same. We are referring to the Marketing Mix, also known as the 4 P’s – four essential elements that affect sales. What exactly is the Marketing Mix and what is its role in e-commerce? Does this strategy...
How does Apple use being a luxury brand? – Case study of a skimming strategy
Category: E-commerce
The skimming, creaming or prestige strategy is a pricing strategy intended to set the highest possible price after the launch of a new product on the market and sell prestige products to buyers for whom price is not a limiting factor. To use this strategy, the company must have a strong brand, devoted customers and...
How does the market react to the rapid demand changes? Case study of baby care industry during Covid-19
Category: E-commerce, E-commerce pricing trends
The first mentions of the virus spreading in China started to appear on the Internet in December 2019. Initially, few people considered SARS-CoV-2 to be a serious threat, but more and more information appeared with each passing day about the number of infected people and the fact that the virus was drawing closer. The residents...
The older, the cheaper? Not necessarily. We will try to find out how long manufacturers keep the price of electronics high.
Category: E-commerce pricing trends, Pricing strategies
The prices of electronic goods are frequently overestimated when they appear on the market for the first time. The manufacturers are aware that the greatest fans, so-called early adopters, are willing to pay a lot only to get the latest model of their device first. Then, the prices start to fall gradually, and you can...
“It will be cheaper soon…”- Does the price of the previous model always drop after the premiere of a new product version?
Category: E-commerce, E-commerce pricing trends
A premiere of a new iPhone is for some people like a holiday. Long lines of biggest fans wait in front of shops wanting to be the one who has the newest device on the day of release. For the last few years, new iPhones are released systematically, once per year, which causes old versions...