We love to keep tabs on the trends of online selling and sharing these insights with our merchants to help them drive new sales. Occasionally, we'll highlight a particular report from an authoritative source in the industry such as industry pundits, cart providers or marketplaces.
This "Research Roundup" summarizes Magento's 2017 Predictions Part 1 and Part 2 released earlier this year.
A few key takeaways to consider:
What: Business-to-Business (B2B) is a becoming a viable path for B2C merchants to expand their market
Why You Should Care: online B2B sales are expected to grow to $1T and yet the market is largely untapped
What Can You Do About It: find a supplier of key business products, and work with marketplaces to test the waters. Start learning now so you can ramp up as you find success.
What: Expanding to international markets brings in incremental buyers -- and sales
Why You Should Care: the US is no longer the fastest growing market!
What Can You Do About It: utilize turn-key programs such as eBay's Global Shipping Platform to easily expose your items to different geographies.
What: Buyers are cravingrReal-time inventory and faster shipping
Why You Should Care: buyer expectations continue to be driven by innovations such as same-day delivery. Despite your ability to delivery same day, the appearance of "real time" will be key.
What Can You Do About It: show "real time" stock levels and quickly generate ship tracking -- this way the buyer knows you have what they want, and will get it when you say they will!
This "Research Roundup" summarizes Magento's 2017 Predictions Part 1 and Part 2 released earlier this year.
A few key takeaways to consider:
What: Business-to-Business (B2B) is a becoming a viable path for B2C merchants to expand their market
Why You Should Care: online B2B sales are expected to grow to $1T and yet the market is largely untapped
What Can You Do About It: find a supplier of key business products, and work with marketplaces to test the waters. Start learning now so you can ramp up as you find success.
What: Expanding to international markets brings in incremental buyers -- and sales
Why You Should Care: the US is no longer the fastest growing market!
What Can You Do About It: utilize turn-key programs such as eBay's Global Shipping Platform to easily expose your items to different geographies.
What: Buyers are cravingrReal-time inventory and faster shipping
Why You Should Care: buyer expectations continue to be driven by innovations such as same-day delivery. Despite your ability to delivery same day, the appearance of "real time" will be key.
What Can You Do About It: show "real time" stock levels and quickly generate ship tracking -- this way the buyer knows you have what they want, and will get it when you say they will!
RSS Feed
