Ecommerce

Instagram remains one of the world’s most prominent social media platforms, boasting a user count of around 1.21B in 2021. While Instagram’s user base skews younger than Facebook’s, the platform reaches older generations more consistently than Gen-Z favorite TikTok, meaning Instagram is in many ways a sweet spot for marketers to catch a wide age demographic.

Ecommerce is one of the fastest-growing sectors in retail. Consumers in the US spent $870.78 billion online in 2021, up 14.2% from $762.68 billion the prior year. In a crowded market, many consumers make purchasing decisions based on trust rather than convenience.

Every time a consumer interacts with your brand, they have the opportunity either to continue moving along the sales funnel or to leave your store and search for your products or services elsewhere. Keeping visitors engaged with your website until they make a purchase is the goal for every ecommerce business owner. 

In 2020, approximately two billion people purchased goods or services online. But while ecommerce can be a highly accessible and profitable business model, it comes with its fair share of challenges. One challenge that will greatly impact the success of your business is overhead costs.

Running an ecommerce business comes with many challenges. Competition is fierce, and there are a variety of overhead costs you need to consider. If you’re struggling to turn a profit, you may consider adding a buy now, pay later ecommerce option for customers who need alternative financing.

The size of the ecommerce market is expected to grow by leaps and bounds by 2025, reaching a value of around $10.87 trillion. While the growth opportunities are endless, ecommerce businesses have to face many challenges. Let’s take a look at how businesses can overcome some of the biggest ecommerce issues in today’s market and grow their operations. 

Ecommerce is the new frontier of sales. Shopify, Amazon, or your own proprietary website, every platform has its strengths and weaknesses. The key to running a successful ecommerce website operation is knowing how to balance your costs and profits efficiently by understanding the bigger picture.

Your store is the face of your business. You might have the snappy marketing in place, you might be bringing in potential customers with a USP that turns heads but if you don’t have a store good enough to seal the deal, you’ll be struggling to grow your business.

What Is Payment Processing And How Does It Work?

That image up there represents the worst possible scenario for your business, losing a willing customer to factors entirely out of your control. For a small business, payment processing can be the toughest piece of the ecommerce puzzle.

An abandoned cart doesn’t have to be a lost cart. Around 81 percent of users abandon their carts while shopping online. For business owners, abandoned carts can signal that the checkout process needs to be optimized and generate more sales. You will need to learn more about your customers and understand what products they are interested in.