The Future of Ecommerce: 3 Strategies You Need In 2024
In the modern ecommerce landscape, consumers are not just shopping; they're making statements with their wallets.
As consumer interest in social responsibility and sustainability grows, they're increasingly choosing brands that align with their values.
This evolving consumer behaviour is clearly illustrated by the latest 2024 SEMrush Trends report, which highlights a clear pivot towards value-driven commerce.
Here’s a snapshot of what consumers are leaning towards:
In today's competitive ecommerce environment, aligning your brand with social values and fostering a genuine connection with your audience is not just a trend but a necessity. 🌟
Many businesses are recognising and responding to these changes by integrating social responsibility into their strategies. They’re also changing how they communicate with customers, prioritising meaningful, authentic, and ongoing relationships with their target audiences.
Some other notable trends are emerging in this space too...
Direct-to-Consumer Brands: An Overview
Direct-to-consumer (DTC) refers to a business model where companies sell their products directly to consumers, bypassing traditional middlemen like retailers or wholesalers.
This approach allows brands to control the entire process—from manufacturing and marketing to sales and distribution—enabling them to build closer relationships with their customers, gather insights through direct feedback, and often reduce costs associated with retail markups.
DTC is particularly popular among startups and online businesses that want to leverage digital channels to reach their audience more effectively.
Hello Klean: A Case Study
Hello Klean is a direct-to-consumer brand, and a perfect example of this approach.
They've become a standout in the beauty and haircare market by addressing a common but often overlooked problem: the adverse effects of hard water on hair and skin.
Their filtered shower head not only addresses a key pain point for their users but their focus on sustainability creates a deeper connection with their customers.
They also adopt an innovative approach to connecting with and retaining customers.
Let's take a look at this strategy in action.
1. Commitment to Sustainability:
Hello Klean is known for improving water quality and alleviating dry skin and hair. But they also highlight other benefits of their product such as reducing water usage by up to 25%, using recycled plastic and being free from harsh ingredients.
These commitments are prominently featured on their website and marketing materials, aligning with the growing consumer preference for socially responsible brands.
2. Connection with Customers:
Hello Klean actively involves their customers in product development, using polls to gather feedback and find out what they really want. Their website motto, "We ask you what you want, and we bring you the best we can," underscores their commitment to customer-driven innovation.
This approach not only provides valuable insights for new products but also deepens the customers' connection to the brand.
Using the voice of the customer is consistent in their marketing too. They leverage user-generated content (UGC) and storytelling to broaden their reach and attract new customers.
Additionally, they build trust by prominently displaying user ratings and reviews, which helps to authenticate their brand’s reputation.
3. Subscription Model:
By offering subscription options for their filters and other products, they ensure long-term customer engagement and retention. This model not only provides convenience but also fosters a sense of ongoing relationship with the brand.
By selling direct to customer, they are able to focus more on customer relationships, fostering an increased sense of loyalty and trust which is critical to success.
💡Key Takeaways for Brands Selling Online
Showcase Your Values
Weaving your values into the brand story. Whether it's social responsibility, sustainability, or another cause, sharing your commitments helps customers understand what you stand for. This not only strengthens trust but also forges deeper connections with your audience.
Connect With Your Customers
Engage with your customers regularly and authentically. Ask their opinion, involve them in your brand journey, and make them feel part of what you are building.
This can be done through social media, feedback forms, interactive content on your website, or engaging video content on platforms like YouTube.
Learn what they want, align with their needs and in return, you will have more loyal customers, better retention and won't have to spend so much to acquire new customers.
Leverage Subscription Models
Consider offering subscription-based services to cater to the growing preference for curated, ongoing experiences. This not only increases customer retention but also builds a stronger relationship with your audience.
Today’s consumers seek more than just products; they are drawn to brands that advocate for a cause, who share their values and who they can engage with authenticity. Patagonia is another great example of this.
Direct-to-consumer brands are particularly well-positioned to capitalise on this due to their direct lines of communication with consumers.
By integrating key strategies such as clear communication of brand values, engaging content that resonates on a personal level, and flexible subscription services, businesses can forge genuine connections with their customers.
Remember, it's not just about selling a product; it's about selling an experience and values that your customers can connect with.