Muddling through an unprecedented time of global disruption has been devastating for businesses, and yours may be in the crosshairs. Although closed physical retailers have increased the volume of ecommerce business, it’s still a crapshoot to take full advantage of this shift. It may be time to expand your horizons, and explore alternate selling platforms beyond the big names of Amazon, eBay, and Google.
To be clear, any exposure is good exposure, for the most part. Once you capture a loyal customer from a third-party platform, you hold the cards in your hand.
Almost four months into a global pandemic that has thrown much of the world off its proverbial axis, virtually every facet of our lives is still chaotic, in question, and fraying nerves as we look to an uncertain future. The glass-half-full perspective on how Covid-19 has shifted our focus and tested our grit shows that we are, indeed, resilient. But denying the seismic impact on economies – both micro and macro – comes close to reflecting the horrific loss of life and health seen around the world, is impossible. Our survival depends on a strong economic status.
In the United States and elsewhere, a true trickle-down model has met our dire expectations: millions of small businesses have closed permanently, thousands of larger retailers are struggling to keep up with inventory demands, and individual consumers are faced with having to make purchases on a limited income, or with sufficient funds and a lack of venues operating in the midst of a viral epidemic.
No matter where your business is on the survival scale, there are ways to navigate through an unforeseen crisis that is benevolent to online sellers. Overall, analysts estimate that online sales have increased by 50 percent compared to this point in 2019. You’re already poised to take advantage of a gaggle of virtual shoppers, but the same obstacles facing brick-and-mortar retailers and large ecommerce sellers have probably upended your operations, as well. Here are some ways to adapt.
If you’ve leveraged the power of social media to drive sales to your ecommerce business, you will be excited to hear this news. Facebook’s unrolling of “Facebook Shops” opens up wide doors of opportunity to go beyond just advertising, and straight into conducting commerce on the premier social media site.
If you haven’t bothered to engage with social media to drum up business for your business, now is a good time to start. Trends indicate the shift in retailing toward online sales is a real deal, made more robust in this unplanned and uncertain time of restricted public movement due to a global pandemic. Analysts predict that once the situation evens out and stores reopen, a significant portion of commerce will continue to occur over the internet. Put simply, the barriers that made many hesitate in the days before Covid-19 are all but shattered.
Enter Facebook, always in search of ways to capitalize on any marketing trend. Their advertising revenues—gained from more than 8 million businesses—have been astronomical, and that in turn has led them to jump in with both feet, offering up a first-line sales platform for ecommerce vendors like you.
This new, cost-free feature allows businesses to set up product listings on their Facebook page, Instagram profile, and in stories or in ads. Future plans include direct sales through chat features of WhatsApp, Facebook Messenger, and Instagram Direct. Facebook owns all of these entities.
Every ecommerce vendor has a fantasy of standing out among the competition. And why not? Name recognition gains new customers and retains current customers, if you play your cards right. The way to rise above the crowd comes down to the ability to provide excellent products and service or services. It also comes down to a concept known by entities for a very long time: branding.
Brand Management involves personalizing your business with an aspect of familiarity that makes you recognizable, attractive, approachable. Marketing experts call it a way to translate emotions into behavior on the part of consumers. To get there, you have to do the heavy lifting first.
Consider large companies we all know well. Apple Computer. REI. Microsoft. Nike. IBM. Uber. All of these mega-corporations have packaged customized imaging, slogans, philosophies, and outreach through advertising that requires little attention to know whom it’s coming from.
Branding occurs with a consistent presence through all of your correspondence, advertisements, web page design, and everything connected with your business. When you have it down right, your path is practically obstacle-free. When you don’t, you’re left vying with countless others.