“How and I shop and where I shop are fundamentally different than my parents.” -Aspiring millennial fashion blogger.The U.S. online retail sales are up 15% since last year, and are expected to hit $370M by the end of 2017. Technological advancements and changes in consumer behavior have created an unprecedented opportunity for new e-commerce companies. This is especially true with digitally savvy millennials, who will make up the majority of online consumers in the coming years. Unlike physical retail stores, e-commerce companies are much more capital efficient because they don’t require brick and mortar stores and have a direct distribution channel to their end customers. With online shopping platforms like Shopify, Magento, and Bigcommerce, the cost and time associated with getting an e-commerce store online has decreased significantly. Additional platforms like Symphony Commerce and Shipwire help with outsourced fulfillment and managing logistics when your company scales. Never before has it been easier to bring an e-commerce business to life. As a result, these companies can focus more time on building their brand and connecting with customers and less time worrying about logistics and infrastructure. Many of these new companies understand the power of connecting their brand with a particular lifestyle. In doing so, they can engage with niche customers and celebrate them in a much more intimate and authentic way. Here are just a few companies that are leveraging this new age of e-commerce in the best of ways: 1) Superior End-to-End Product Experience Today social consumers have more power to impact brand reputations than ever before. In addition to having a high quality product, many companies are also focusing on the entire product experience which includes marketing, packaging, and the post sales experience. These companies go above and beyond to “delight” the customer which typically includes free shipping, free returns, and sometimes free gifts. Bevel
Wednesday, August 6, 2014
Ecommerce 2.0: Six Companies You Can Learn From
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