January 23, 2019 Carly Harper 0 Comments

As we begin 2019, data remains an important piece of the puzzle when it comes to meeting customer expectations as an online retailer. However, in 2019 brands are shifting more of their focus towards the top of the funnel through conversations, product personalization, and new payment options. In this post, we’ll explore the mind of consumers and determine the different ways you can meet their expectations in 2019.

Conversation

Even with the impressive advancements technology and software have made with acquiring data on customers, the most effective way to collect accurate data on a customer or visitor is through actual conversations. Live chat solutions offer us the opportunity to build one-on-one relationships with prospective customers as they move through the buyer journey. Check out these statistics on live chat in ecommerce from SuperOffice:

  • More than 30% of customers expect live chat on your website.
  • A staggering 42% of customers prefer live chat compared to just 23% for email, and 16% for social media or forums
  • As many as 77% of customers won’t make a purchase on a website if there’s no live chat option available.

As you reflect on these statistics, think about the last time you communicated one-on-one with a customer or prospect in real-time. The feedback and comments you receive can be quite eye-opening. Setting aside 3-4 hours/week to speak with customers can not only leave them with a positive experience, but will provide valuable information to you as a marketer as well.

Product Personalization

In addition to live chat conversations, customers expect some form of personalization to be available at a product level. This doesn’t mean you need to have customers designing their own shirts on your website, but something as simple as offering engraving or customized packaging can increase engagement and customer satisfaction. Apparel Magazine shares some insightful statistics on product personalization. Take a look below:

  • In some categories, more than 50 percent of consumers expressed interest in purchasing customized products or services
  • 1 in 4 consumers are willing to pay more to receive a personalized product or service
  • 22 percent of consumers are happy to share some data in return for a more personalized customer product or service

The “Share a Coke” campaign is an excellent example of this. Simply placing common names on Coke bottles gave consumers a sense of pride and personalization. Think of ways you can offer product personalization to your customers, even if on a small scale.

Diverse Payment Options

The percentage of online shoppers checking out on mobile devices is continuing to increase with no signs of slowing down. As a result, it’s essential that your prospective customer has a familiar payment option available that doesn’t require reading expiration dates and CVV codes on cards. See some of the statistics eMarketer has collected on mobile payment method popularity:

  • 62% of college graduates have used PayPal as a mobile payment solution
  • 49% of Gen Z consumers prefer to pay with a mobile device
  • 37% of college students have used Venmo as a mobile payment solution

Pay close attention to that last statistic. Venmo is growing in popularity among younger age groups, yet adaptation of the payment method is still low among SMBs. Shopify has only offered Venmo as a checkout option since last October. Adding Venmo to your accepted payment methods could be a great way to convert more consumers in younger age demographics.

The expectations of your customers will change constantly. Make a serious effort to stay on top of and meet customer expectations to maximize your revenue and profitability in 2019. The time invested in your customers is well worth it.

 

Leave a Reply:

Your email address will not be published. Required fields are marked *