{"id":24573,"date":"2020-08-27T15:09:10","date_gmt":"2020-08-27T09:39:10","guid":{"rendered":"https:\/\/www.fatbit.com\/fab\/?p=24573"},"modified":"2025-11-17T12:45:20","modified_gmt":"2025-11-17T07:15:20","slug":"how-to-stay-ahead-amid-current-ecommerce-boom","status":"publish","type":"post","link":"https:\/\/www.fatbit.com\/fab\/how-to-stay-ahead-amid-current-ecommerce-boom\/","title":{"rendered":"How To Stay Ahead of The Curve During The Current eCommerce Boom"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Throughout history, there have been significant world events that have changed society and re-written how we live our lives. And it\u2019s probably not a stretch of the imagination to see how 2020 is shaping up to be one of those life-altering times.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Over the past few months, we have been forced to rethink each and every facet of our lives. How we do our groceries, how we socialize, how we enjoy our lives. Perhaps one of the most significant changes has been to the way we earn our living.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aside from the most essential workers, a huge majority of the world\u2019s population have either lost their jobs or have had to make drastic changes to how and where they undertake it. While many have seen doom and gloom during this time, these forced changes have given rise to a new wave of <\/span><span style=\"font-weight: 400;\">entrepreneurs<\/span><span style=\"font-weight: 400;\">; those who have taken money-making matters into their own hands.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Enter, eCommerce.<\/span><\/i><\/p>\n<p><span style=\"font-weight: 400;\">It has never been easier to start a business. Between affordable eCommerce <a href=\"https:\/\/www.fatbit.com\/online-marketplace-builders.html\">marketplace builders<\/a>, the accessibility of products (albeit with potential shipping delays!), and the new-norm of shopping online, people the world over are making lemonade in this seemingly lemon-shaped world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, <\/span><span style=\"font-weight: 400;\">Forbes<\/span><span style=\"font-weight: 400;\">\u00a0reported that eCommerce has seen 4-6 years of growth since the pandemic began. eCommerce giant, Shopify, showed an incredible 97% revenue increase in Q2 2020. And PayPal recorded the highest monthly revenue in the company\u2019s history in April 2020. Essentially, two things are clear; more people are buying online and more people are selling online.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But, with opportunity comes oversaturation. With swathes of new businesses introducing themselves and their product to the market, and existing businesses doubling down on marketing, how do you stand out? In a world where more people are spending their disposable income online, how do you ensure they spend it with you?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While there are a number of variables that will see your store triumph over your competitors, there are three solid things that every eCommerce business can employ right now. These three things will ensure that your business not only survives but thrive through the pandemic and beyond.<\/span><\/p>\n<h2><b>Niche Down, Hard!<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">You\u2019ve heard it once, you\u2019ve heard it a thousand times, but it is now more important than ever to define your niche and make sure you are positioned to sell to them. With an abundance of products and services flooding the market, customers can afford to be picky about where they buy them from. So, if you\u2019re not positioning yourself as an expert within a certain niche, your customers will likely find someone who is.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So many business owners worry that by niching down, they\u2019ll reduce their market share and limit the number of customers who will buy from them. The opposite is, in fact, true. People want to buy a product that feels like it was made for them, that speaks to their individual challenges, desires, or needs, <\/span><i><span style=\"font-weight: 400;\">and <\/span><\/i><span style=\"font-weight: 400;\">that it\u2019s from a business who understands those things on a deep level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember, you can\u2019t be all things to all people.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">What\u2019s more, getting super clear on your niche can help <\/span><i><span style=\"font-weight: 400;\">you <\/span><\/i><span style=\"font-weight: 400;\">as a business owner too. Gaining clarity on your niche helps you further align your business and marketing with your demographic. It\u2019s this alignment that will see you start to drive more traffic to your site and convert them when they get there.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you are already running an online business, you probably (hopefully!), already know your niche. But even established eCommerce stores could benefit from a \u2018niche audit\u2019. If it\u2019s not abundantly clear who your product is for or why they need it, then it\u2019s time to reassess.<\/span><\/p>\n<h2><b>The Best Marketing Wins<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Again, this isn\u2019t something you haven\u2019t heard before, but you can\u2019t just throw up some ads and expect them to convert to sales. A combination of clever targeting and focused and engaging creative\/copy are needed if you want your business to stand out above the blur of ad-noise your demographic is accustomed to.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As an eCommerce marketer, it\u2019s not pandemic-specific that you need to be using targeting tools to your advantage. It\u2019s a no-brainer that you need to put your ads in front of people who will be most likely to buy them, not just now, but always.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But one thing that will help you outshine your competitors when it comes to marketing <\/span><i><span style=\"font-weight: 400;\">is <\/span><\/i><span style=\"font-weight: 400;\">to think about the current state of the world. Right now, your ad copy and creative need to reflect your audience\u2019s new way of life. Has the pandemic put them in a unique situation? Has it impacted them negatively? How has it made them feel?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is your opportunity to leverage those new-found thoughts and feelings to show how your product or service helps them overcome or enhance them. That said, it\u2019s a fine balance between aligning your messaging with their COVID-impacted life and being too on the nose.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">COVID marketing exhaustion is becoming a very real reality. While it was once a novelty to see \u2018stuck at home during lockdown?\u2019 type ads, the evidence is showing that consumers are already turning off to this messaging in favor of a more subtle approach. So, although you need to acknowledge the situation, you need to be creative about how you do it.<\/span><\/p>\n<h2><b>Your Store Needs To Sell<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Finally, let\u2019s look at your store itself. While it\u2019s not a revolutionary concept that your store must have everything in place to ensure customers convert, it is, surprisingly, an area that so many eCommerce stores just don\u2019t get right.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your job as an eCommerce business owner is to remove every single barrier to the sale that would prevent your customers from buying. It\u2019s about ensuring your site is designed to show your demographic that <\/span><i><span style=\"font-weight: 400;\">your <\/span><\/i><span style=\"font-weight: 400;\">product is the one they should be buying. It\u2019s about increasing your average order value so you can reduce your marketing costs and keep more money in your pocket.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The truth is, you don\u2019t want the time, effort, and money you\u2019ve spent on driving customers to your site to go to waste when they leave without making a purchase. While the world of eCommerce is becoming more lucrative, it is also becoming more cut-throat. If you\u2019ve not ticked all your customers\u2019 boxes, and quickly, they <\/span><i><span style=\"font-weight: 400;\">will <\/span><\/i><span style=\"font-weight: 400;\">leave.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sometimes though, you\u2019re too close to your site to properly identify any issues, and no amount of reading tips and tricks for conversion rate optimization will help. But there are people out there who are willing to pick it apart for you!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Join a business-specific Facebook page and ask its members to give you feedback. Be warned though, this exercise is not for the timid. Comments can be brutal! But remember, the feedback you\u2019ll get here is just what your audience is thinking when they land on your site. So, put your feelings aside and take it on board. Make sure you\u2019re a little selective here though; you\u2019ll need to wade through personal preference type comments and thoughts of those who don\u2019t exactly understand your demographic.<\/span><\/p>\n<h2><b>The Takeaway<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The opportunity to build a successful business online has never been greater, but competition has never been fiercer. Consumers are more likely to buy online than ever before, but they are taking advantage of the abundance of online retailers, becoming pickier with their purchasing decisions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re not giving them an effortless shopping experience, showing them exactly why they need your product and showing yourself to be a reputable brand, they can, and will, go somewhere else!<\/span><\/p>\n<div class=\"cta_box\">\n<div class=\"cta_title\">\n<h2>Create an impact with our versatile marketplace builders<\/h2>\n<\/div>\n<div class=\"cta_button\"><a class=\"button customBtn\" href=\"https:\/\/www.fatbit.com\/online-marketplace-builders.html\" target=\"_blank\" rel=\"noopener noreferrer\">Get Started<\/a><\/div>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Amid the coronavirus crisis, the eCommerce industry is experiencing a period of economic prosperity and growth. But, as the pandemic grows and all marketing efforts become nearly identical (centered around COVID), a more subtle approach is the need of the hour. Read the blog to learn how business owners can take advantage and stay ahead of the curve.<\/p>\n","protected":false},"author":68,"featured_media":24721,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How To Stay Ahead of The Curve During The Current eCommerce Boom<\/title>\n<meta name=\"description\" content=\"As the pandemic leads to a boom in the current eCommerce spectrum, learn how business owners can take advantage and stay ahead of the curve.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fatbit.com\/fab\/how-to-stay-ahead-amid-current-ecommerce-boom\/\" \/>\n<meta property=\"og:locale\" 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