Four E-Commerce Metrics to Consider Adding to Your Marketing Reports
October 26, 2023Sharing: Total Retail’s Top 50 Tips of 2023!
December 15, 2023Year-end is quickly approaching, and e-commerce brands and business owners are eager to close 2023 positively and position their businesses for future success!
Whether you are looking to build on the momentum of a successful holiday shopping season, meet year-end sales goals, or gear up for 2024, these digital marketing strategies are designed to garner results. They include the most effective platforms and channels for social media, content, and digital marketing to expand your online reach and ultimately close sales.
Social Media Marketing: TikTok and Instagram
The hottest social channels allow brands to connect with their audience engagingly and creatively, and TikTok and Instagram check all the boxes! While they have already proven excellent e-commerce marketing channels, they are becoming more relevant in many sectors.
Here are some best practices to implement when creating and launching your campaigns:
- Feature short-form videos – The most engaging videos are quick, fun, and easy to share. They have the potential to go viral and allow businesses and brands to build trust and forge deeper connections with audiences and customer bases. Genuine video footage humanizes your brand and enhances your credibility while allowing you to share about your brand more efficiently and entertainingly. Here are some video ideas to help you get started: provide a behind-the-scenes look into your company, offer mini-tutorials on using your products, and share glimpses into your brand, culture, and product offerings.
- Engage new audiences – While Facebook, LinkedIn, and X are more popular with older customers, TikTok and Instagram Reels are particularly popular among younger generations. More than 60% of TikTok users are between 18 and 34. By creating content that resonates with these younger audiences, brands can reach new customers and foster early brand loyalty.
- Prioritize entertainment – Online audiences are both savvy and weary of being “sold to.” So rather than focusing on product promotion, aim to entertain by creating content your audience will enjoy watching and want to share with friends. The best content has a spontaneous feel, so take photos and videos throughout the day/week and consider transforming them into funny skits, challenges, styling ideas, DIY hacks, or inspirational stories.
Leverage First-Party Data
First-party data is becoming increasingly crucial as website users crave privacy. It is consent-based, transparent, and captures information collected directly from your customers, including data from user behaviors, actions, or interests demonstrated across your website or app. As browsers increasingly block third-party cookies and Google works to phase them out, this cookieless marketing has become essential.
By leveraging first-party data, online businesses and brands can build customer trust and reassure users that they value privacy. Here are some of the other advantages:
- Personalization – First-party data allows you to deliver tailored content, recommendations, and offers, improving the overall user experience and increasing conversion rates.
- Ad retargeting – Retargeting enables brands to stay top-of-mind with website users who have shown interest in your products, as it allows you to serve personalized ads to people who visited your website but didn’t convert. These ads are designed to encourage users to revisit your e-commerce website and motivate them to take action.
- Predicting user behavior – With AI and machine learning advancements, marketers can predict customer behavior more accurately than ever. You can anticipate future actions by analyzing past patterns with suitable offers and experiences.
AI Automation
One of the most significant innovations of 2023 has been the massive integration of AI automation and creation. Both of which enable you to work more efficiently and effectively. The possibilities for integrating AI into your digital marketing strategies are vast, including:
- Chatbots for sales and customer service – AI chatbots may respond to common inquiries, provide product recommendations, and assist with purchasing, freeing up time for business owners to focus on more complex issues and projects.
- AI-driven customer segmentation – AI can combine data and apply predictive analytics to segment customers, allowing you to segment groups with similar attributes, expand your reach, and define customer lists for better targeting.
Influencer Marketing
Influencers can be celebrities, industry experts, bloggers, or individuals with a large social media following. You can quickly expand your online presence and reach by partnering with them and having them share your products or brand with their audiences. The key is to partner with people who align with your brand values and can authentically promote your products or services.
Social Selling
Social selling leverages the power of social media to build meaningful relationships with potential customers, connecting, engaging, and providing value to your audience as part of the sales process.
These steps are necessary to incorporate social selling into your digital marketing strategies:
- Relationship building – Fostering trust and engagement through genuine interactions sets the foundation for a robust, long-lasting relationship with current and prospective customers.
- Listening and monitoring – Listening to social media conversations allows you to identify opportunities to offer valuable insights. This active participation demonstrates that you genuinely care about your audience’s concerns.
- Content sharing – Position your brand as an industry leader by sharing content that addresses your audience’s needs and interests. Doing so can help drive engagement and foster trust.
- Personalization – Personalizing content for individual prospects allows for more effective and meaningful connections and shows your audience you understand and value their unique preferences and needs.
- Engagement – Active engagement is critical to successful social selling. You can build rapport and trust with your prospects by commenting, answering questions, and participating in discussions.