Online shoppers who view demo videos are 2x more likely to purchase a product. Videos are certainly one of the most sellable contents online and marketers are making the most of it.
Running an e-commerce store means competing with hundreds of existing online marketplaces out there. No matter how great your product is, getting traffic, leads, and conversion is tough initially.
Amazon Books is a chain of retail bookstores, owned by Amazon. In 2018, Amazon Books had a total of 17 stores, with plans to expand to more locations. The eCommerce giant has a strong presence online but it has its physical presence for books. The one in NYC is 4,000 square feet with 3000 books on the shelves. Seems like Amazon wants to have the best of both worlds- physical and digital.
Behind the success of every eCommerce platform is a complex network of diverse services- customer care, payments, tech support, logistics, marketing, etc. With millions of eCommerce portals existing out there, only a few manage to set themselves apart. These are the platform that continues to improve its sale and customer experience.
Technological developments are constantly evolving and trendsetting many ecommerce business processes, to enhance the overall customer experience. The impact of the latest technologies on ecommerce has been faster than ever, considering it the largest industry in the global economy with “e-retail revenues projected to grow to 4.88 trillion US dollars in 2021”.
Today, brands cannot go without videos in their content marketing strategy. It is one of the quintessential approaches to engage customers and improve conversion rate. In fact, 90% of customers say videos help them make buying decisions.
The increasing business complexity and demand for highly scalable applications have brought a paradigm shift in how software applications are engineered. In the past few years, different software architectures are adopted by developers to reduce code complexity, improve fault isolation, and minimize time-to-market.
Magento is possibly the fastest growing platform in eCommerce space. According to Magento’s 2017 yearly report, there was a spike in number of websites powered by Magento. What’s more, major brands such as Burger King, Nike, Pepe Jeans and Samsung are choosing Magento to power their eCommerce websites.
The rapid digital developments in eCommerce sector has brought us to a new phase of online shopping experiences worldwide. By 2020, 80% of consumer traffic will derive from online videos, as revealed in a study conducted by Social Media Today. And it is of no surprise that we reflexively respond to videos faster than any other content.
40% of worldwide internet users have bought products or goods online via desktop, mobile, tablet or other online devices. This amounts to more than 1 billion online buyers and is projected to continuously grow. - Statista