Looking to Grow Your E-commerce Store in 2024? Here Are 5 Major Trends to Consider
With more and more people choosing to shop online, many pundits expect the e-commerce industry to surpass the $8 billion mark as soon as 2026.
However, there are many e-commerce trends and tendencies that will support this growth, so keeping these in mind will help you run your store and grow successfully.
Let’s take a look at 5 major movement trends that will shape 2024 for digital entrepreneurs like yourself.
1. Consumers Will Focus More on Sustainability
The sustainability movement in e-commerce is not new.
From the materials used to the proximity of the goods being purchased, it’s normal for environment-related variables to sway your audience’s collection decision.
But, in 2024, you can expect consumers to truly prioritize this area and heavily lean towards companies that take steps like:
- Selling sustainable alternatives: Consumers are opting for companies that sell goods made of wood, bamboo, and other materials that don’t have as big an impact as plastic.
- Packaging products in paper: Besides the actual goods you sell, you should consider switching your packaging and protective filling to paper if your products allow it.
- Offsetting their carbon emissions: You can also opt to pay specialized GNOs to offset the carbon monoxide your company generates in order to lower your environmental impact.
- Donating to environmental causes: Finally, consumers love to know that their money is contributing to a good cause, so consider making donations, organizing drives, or disclosing some of the relevant donations you already make.
2. Security Remains of the Utmost Importance
Cybersecurity threats exist at different levels when it comes to online businesses. To protect your store, you need to take steps like installing security plugins that prevent malicious attacks and acquiring a company-wide virtual private network (VPN).
In short, a VPN encrypts your connection when you’re surfing the web. This means that criminals can’t decipher the information being sent to and from your device, even if they’re monitoring your network.
There are many different providers, so your best alternative is to find the leading platforms. You can then try out a VPN 30-day trial on each one until you find the ideal partner for your business.
3. Social Media’s Influence Will Grow Even More
In the US alone, almost 100 million people shop directly on social media, and this number will only keep growing.
The reason for this is that there are more social media networks with incorporated shopping carts and payment solutions than ever before.
What’s more, the rise of social influences will continue far beyond this year, which can help bridge the gap between your e-commerce shop and your audience.
4. AI Will Become an Essential Resource (If It Isn’t Already)
More than 97% of companies are investing in AI, and the e-commerce vertical is no exception.
AI tools like ChatGPT are being used to perform tedious yet beneficial tasks like analyzing large data sets to discover patterns that you may have a hard time spotting.
Not only this, but further advancements in generative AI will help you create better graphics, content, and even pages that contribute to a better experience and, therefore, more sales.
5. A Seamless Omnichannel Experience is a Must
In digital sales, an omnichannel experience occurs when the customer journey takes place over different platforms like social media, your website, and even ads across the internet.
Today, it’s possible to track this journey better than ever before, so you can now connect these points and link them through strategically placed content.
This means that you also have to take the time to adapt your strategy and ensure that it connects with customers across different channels and even devices.
Staying Up-to-Date With New Trends in 2024
The purchase patterns of your audience will be influenced by a wide range of 2024.
There’s plenty of reason to believe that the trends listed above will greatly impact digital shops this year. That said you should also keep an eye on news and tendencies that can have a bigger impact on how and what your customers purchase.
Your best bet is to sell quality goods that provide real value, monitor changes in your audience’s behavior, and test different adjustments until you find a strategy that allows you to benefit from these new trends.
To Wrap Up
It’s clear that 2024 is the year when sustainability, security, social media, and the other trends listed above help define the state of the industry.
The good news is that as long as you pay close attention to your audience’s behavior and make the right adjustments, you’ll be able to ride the wave and get the most bang for your buck.