How to Sustain Your Ecommerce Business in a Recession

Official thinking is that the economy will likely experience a recession in mid-2023. So, how can you protect your eCommerce business with a recession looming?

The National Bureau of Economic Research defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.” Another common definition is “two consecutive quarters of negative gross domestic product (GDP).”

This article will show you how to review eCommerce performance and implement recession-proof strategies to help you survive and thrive during challenging times.

The impact of recession on eCommerce businesses

The past year saw a steep rise in inflation, with higher prices on everything from fuel to food. This has already led to a drop in consumer spending, as shoppers find they have less disposable income.

It also means higher costs for warehouse operations and shipping, while your suppliers and manufacturers will have increased their prices. B2B customers may be slower to make payments, and you’ve now got less cash in the coffers to see you through the looming recession.

Declines in consumer demand, employment, and economic output characterize a recession. During this time, spending will slow even further as consumers try to save money and focus on buying essential products rather than luxuries, potentially leaving you with a glut of unsold inventory.

When your business is tightening its belt, the marketing budget is often an early casualty. But without spending on ads, you won’t reach as many people. That translates into less traffic to your website and a smaller group of potential customers to convert—and a further drop in sales.

Factors affecting eCommerce performance during a recession

Consumer behavior changes

In a recession, shoppers typically look for cheaper options and bargains, and their perceptions of value-for-money will change. They may still browse your website but fail to make a purchase—or abandon their cart if the shipping fees or taxes are higher than expected.

Consumers will focus on brands they know and trust rather than buying from an unknown business. 82% of shoppers who said they’re spending less still buy from their favorite brands. They want to support companies that have always provided a good experience.

It’s up to you to adjust to customers’ changing needs. When people align their spending with their values and priorities, it’s more important than ever to know your audience well and keep track of behavioral changes.

Economic uncertainty

eCommerce enjoyed a huge boom during the pandemic, but the market is no longer growing exponentially. It’s true that people have gotten used to doing most of their spending online, and that’s not likely to change. But growth has slowed­­—and in a recession, they’ll spend even less.

In a time of economic uncertainty, making informed decisions is harder. Should you keep spending on inventory to avoid stockouts or carry less stock to avoid being left with unsold goods? Should you cut the marketing budget or continue advertising to attract more customers?

Pricing is also a minefield during a recession. Customers want lower prices, but you’d prefer to raise them to maintain revenue. You don’t want to damage your reputation by going too far in either direction.

Competitor landscape changes

eCommerce is already highly competitive and a recession can make it even more so. Countless companies operate in the same market, trying hard to maintain sales. Plus, during the pandemic growth we mentioned earlier, eCommerce witnessed several new players and investments, making the market more crowded.

It’s always important to conduct an analysis to gain a competitive advantage, but should you copy their strategies? For instance, they might drop their prices to attract customers. But if you do likewise, you risk a price war—and when the recession ends, you could upset customers with a sudden return to pre-recession prices. 

Government policies and regulations

The Federal Reserve has a dual mandate from Congress to maintain price stability in the US economy. It started hiking interest rates in March 2022 in an attempt to combat rising inflation. But some suggest that continued increases will actually tip the economy into recession.

In an official recession, the Fed is likely to cut interest rates to encourage borrowing and allow consumers to make more purchases on credit. This has a knock-on effect throughout the economy. The Fed may also try quantitative easing (QE), which is the direct purchase of assets to inject more money into the economy.

The government may introduce fiscal policies to help fight a recession, such as lowering taxes and increasing federal spending. Deregulation is sometimes used to stimulate economic activity by reducing restrictions on new businesses entering the market and increasing competition.

How to thrive in the midst of a recession

Review business successes and failures

When times are tight, you need to make sure that you’re maximizing every cent spent on your business. That means reviewing your performance and identifying ways to improve. Your business systems will give you the data you need, from Customer Relationship Management (CRM) tools to Enterprise Resource Planning (ERP) software. 

What is ERP? Think of it as an all-encompassing platform that offers you real-time insights into your business. It connects various data points across the company, from accounting to inventory management. When reviewing your business, it’s a reliable way to identify areas for improvement, helping you make cost-effective decisions to implement during a recession and in the future.

Points to consider when analyzing your business’ successes include:

  • What are your current successes? 
  • Which products always sell well? 
  • Which sales and marketing channels work best? 
  • Consider your repeat customers—what are you doing right?

Once you have the answers, you can invest in areas that you know will generate revenue.

You also need to look at your failures and figure out how to fix them. Did you experience stockouts? Did customers complain about late delivery? A customer-first approach is vital for eCommerce during a recession, so ask for feedback and use it wisely. You can also benchmark your performance against competitors.

Diversify revenue streams

It’s best not to keep all your eggs in one basket when the economic outlook is uncertain. Diversifying your revenue streams is an excellent way of protecting your eCommerce business—but that doesn’t have to mean expanding your product offering (as we’ll explore in the next section).

Instead, you could add extra sales channels, attracting a wider audience for the same products. Social media is a valuable (and largely free) method of promotion. You can even branch into social commerce and enable customers to buy directly from Facebook or Instagram.

You might start selling subscription boxes (which ensure regular payments and predictable cash flow), work with influencers or affiliates, or form partnerships with other businesses to encourage cross-promotion. A customer loyalty program can also generate more revenue.

Focus on core products/services

Instead of launching new product lines, concentrate on what you already do well. Identify the products or services that bring consistent revenue and good customer reviews, and double down on them. These are your recession-proof products.

Maintaining the quality of your core offering is essential, so don’t cut corners on production or packaging for these products. You could also make improvements by adding an extra feature or two while saving money by dropping products or services that don’t perform as well.

Focus on the value of the core offering. Does the product beat the competition on quality or durability? Does it have more functionality? You need to communicate this to your customers. Instead of cutting prices, try offering perks like extended return windows, guarantees, or loyalty points.

Cut costs without compromising quality or service

When customers have less to spend, they want to make their dollars go further, which means choosing quality products and services that represent value for money. But how do you square that with your need to keep costs down?

One method is to boost productivity so that you can achieve more with fewer resources. Optimize your warehouse layout and ensure inventory is stored correctly to avoid breakages or spoilage. 

Use technology to streamline processes, reduce expenses, and make smart decisions based on real-time data—this is one of the key benefits of cloud ERP system and other cloud-based tools.

If you order inventory more often and in smaller batches, you’re protected if demand changes or one shipment is delayed. This may also mean you can reduce overheads with a smaller warehouse, especially if you implement the JIT inventory method or use dropshipping for some items.

Finally, review your spending with suppliers and shipping carriers to see if you can renegotiate deals. You could also reduce shipping costs by using more economical packaging.

Strengthen online presence

If you haven’t already, establish a presence on all the major social media sites. You don’t have to use paid ads unless you want to, but you can build brand awareness. That way, you’ll be top-of-mind when the recession’s over and customers start spending again.

Even if most people are just browsing right now, it’s vital to provide a good experience on your eCommerce website. Carry out an audit to ensure your site is performing well in terms of page load speed and easy navigation, and it’s optimized for SEO. After all, a sleek website is no use if people can’t find it.

A strong website also means eliminating friction from the checkout process, with flexible payment and shipping options and pre-filled forms. Provide detailed product descriptions, transparent returns policies, and social proof that shows customers they can trust you.

Key takeaways

Recessions are generally bad news for businesses, but there are plenty of ways to lessen the effects. 

Make sure you’re prepared by maximizing efficiency and reducing costs wherever possible—without compromising quality. Stay agile by keeping track of changing customer needs and preferences. Double down on your core offering, focus on demonstrating value and trust, and maintain brand awareness so that customers know where to come when normality resumes.

It won’t be easy, but use this guide to manage your eCommerce business in a recession. With the right mindset and approach, you can weather the storm and emerge stronger than ever!

Pinterest Announces Amazon Ads Partnership

Recently, Pinterest announced a third-party advertising partnership with Amazon Ads.

Pinterest is a social media website and app that works as a visual discovery engine. It provides inspiration on ideas like recipes, home decorations, style tips, and more. With 463 million monthly users, Pinterest ranks in the top-15 social networks worldwide. This presents a tremendous opportunity for online businesses to get their products in front of an active and engaged audience.

The partnership will be implemented over the next few quarters and is expected to begin rolling out later in 2023.

“This milestone partnership will add to the great brands already on the platform and provide more comprehensiveness, shoppability, and a best-in-class buying experience for users, along with greater performance for brands and advertisers. This aligns with our goal of making every Pin shoppable so that we can enable as many users as possible to bring their dreams to life.”

Bill Ready, CEO of Pinterest

Amazon becomes the platform’s first third-party advertising partner, a noteworthy accomplishment that speaks to the strength of Amazon’s reach and the Amazon Ads platform. The announcement also continues the evolving growth of Amazon as an advertising giant.

“Amazon Ads is delighted to partner with Pinterest and make it even easier for customers to discover and buy relevant products through shoppable content, while also providing differentiated value for brands.”

Paul Kotas, Senior Vice President of Amazon

What Does It Mean for Amazon Sellers?

First, the partnership should be phenomenal news for those who sell on Amazon. The potential ability to reach 463 million monthly users is no small feat, even compared to Amazon’s gargantuan reach. If Pinterest were a country and the users were citizens, it would rank ahead of the United States as the third-largest country in the world.

Even better, the Pinterest audience offers a unique advantage regarding segmentation and buyer intent thanks to its primary uses. Whether a user seeks inspiration for home decorations, seasonal fashion, dinner recipes, or virtually anything you might use Pinterest for, they will likely need products associated with their search. Compared to social media networks like Facebook and Twitter where most users aren’t necessarily searching for a product, Pinterest users are almost exclusively looking for products.

For example, the average Facebook or Twitter user might get on the app for news, to check in with friends, or staying up-to-date on pop culture events. However, the typical Pinterest user searches for new recipes, clothes, and crafts. Even after segmenting users, displaying your product in front of an interested customer can be a guessing game on Facebook or Twitter. But on Pinterest, you may soon be able to put your product front and center for a potential customer looking for your goods based on their Pins.

The partnership stays in line with recent trends, as an increased emphasis on advertising on video-based social media platforms like TikTok and Instagram Reels have created plenty of buzz and opportunity in the market. Pinterest features both image and video posts and has prioritized video content and user-generated content since TikTok’s emergence.

Optimize Your PPC Campaigns With Automation

All things considered, implementing Amazon Ads on Pinterest will likely heat up the competitive marketplace. It remains to be seen how the integration will go. However, it’s difficult to imagine a situation where this partnership doesn’t lead to a more competitive advertising market. Sellers who nail their advertising strategy and execution, though, can experience more reward.

With that in mind, there’s no better time to refine your Amazon PPC game plan! And there’s no better way to create, customize, and manage your Amazon advertising methods than Kinetic PPC.

Optimize your Amazon PPC advertising for Pinterest with Kinetic.

Kinetic PPC is Viral Launch’s state-of-the-art tool to automate your advertising on Amazon. The innovative Amazon PPC software improves your campaigns with in-depth reporting of campaigns, keywords, and search terms. Kinetic utilizes artificial intelligence to make data-informed suggestions. It allows you to create customized rules for maximum performance at the keyword and ASIN levels.

For example, you can create custom rules to increase spending on high-converting keywords or shut off spending on duds. Utilize the pre-made templates within the tool to get started or create your own to flex your advertising muscle and accomplish your advertising goals.

Still, if handing over your Amazon advertising to a tool feels daunting, no worries. Kinetic contains built-in safety checks you can set to manual mode, allowing you to see the recommended actions before putting them into motion.

As Amazon Ads move to Pinterest and possibly other platforms, sellers who develop high-performing strategies and tactics will be richly rewarded. Get ahead of the game with a 14-day free trial of Kinetic PPC and see what it can do for your online business!

Pinterest ECommerce: Everything You Need to Know

How do you perceive Pinterest? Some online merchants are skeptical about this platform as they associate it with something far from transactions. People do come to Pinterest to plan house interiors and vacations and show off their looks and DIY ideas. But Pinterest eCommerce has a lot more potential than you imagine.

The thing is, people search for ideas to further buy similar goods seen on Pinterest. Why not provide them with an opportunity to get products from the social media platform without searching on Google?

Pinterest has different functionality to promote a brand and embed a link to the product or store. Shoppable tags, clickable links in the description, and buttons make it happen. It explains why you should consider Pinterest, being an online merchant.

This article will demonstrate tips for using this social media for business. We’ll review how to help your business sell on Pinterest, reach a wider audience, and increase sales. You’ll find out that Pinterest provides various advantages essential to eCommerce success, such as:

  • Attracting new customers;
  • Improving brand awareness;
  • Building stronger relationships;
  • Generating additional revenue.

How Pinterest Helps Promote an ECommerce Business

What is Pinterest’s role in the eCommerce world? It’s a service that converts entertainment into purchases. Keep in mind the following Pinterest facts:

  • Pinterest has about 400 million monthly active users.
  • Who is Pinterest’s intended audience? According to official research, over 60% of Pinterest users are female. In addition, 45% of the Pinterest audience has a household income of more than $100K and doesn’t mind purchasing through the social network. So, if you aim at such buyers, don’t overlook this channel.
  • Pinterest has shown to be an excellent promotional tool in various fields. Beauty, creativity, fashion, design, a healthy lifestyle and sports, photo ideas, tourism, cooking, and restaurants are just a few examples. It includes original tips, such as recipes, DIY hacks, decor inspiration, and fashion trends. Pinterest can be a valuable platform for eCommerce businesses looking to improve their mobile conversion rate.
  • You can share content via pins, which are bookmarks with an image or video and a link to the site or store. People save the pins to remember what to buy later. According to statistics, 85% of consumers use pins as a basis for shopping ideas. As a result, these bookmarks help your products stay in the mind of buyers in the long run.

This data explains why many retailers fine-tune their Pinterest business accounts. Every day, the Pinterest audience grows, while shopping takes up more than a quarter of people’s time on that platform. This number may appear insignificant, but it exceeds any other social media.

According to Marketing Charts, Pinterest has the highest customer satisfaction rating. While some social media indexes change, Pinterest’s score of 80 remains almost constant.

Image credit: Marketing Charts

3 Benefits of Pinterest for Online Stores

Pinterest is great for interacting with clients who want to purchase from you. It has numerous benefits for eCommerce businesses, including:

  1. Exhibiting products

Pinterest may serve as a catalog of products or services accompanied by links to the website. As a result, users can browse the social media and then go to the store to purchase.

  1. Expanding the audience

Potential clients may not see your ads or find the website via search engines. As the competition intensifies, it’s hard to differentiate yourself from others, making it challenging for consumers to find your brand. That’s where Pinterest may help. While people don’t look for a particular company but rather a product, you can offer exactly what they need.

The best part is that you don’t need to invest much time and resources to advertise on Pinterest. Repurpose existing content from the website or other social media to promote the company without paying any money. For example, you can share images from the Instagram account, add descriptions from product pages, etc.

  1. Getting information about your content

You can utilize this social network to learn about clients’ demands and needs. Pinterest’s built-in analytics lets you measure the effectiveness of the efforts without using any third-party tools, such as:

  1. the popularity of your pins;
  2. interaction with the content;
  3. the number of clicks, etc. 

But there’s more than free analytics. A Pinterest business account provides various tools, including advertising, online deals, and publishing special offers.

How to Promote an ECommerce Business on Pinterest

Tip 1: Choose an Account Type

Pinterest accounts are divided into two categories: personal and business. A business account enables you to receive reports with analytics to study the most popular pins. It’s also possible to connect it to the website, online store, or blog. If you already have a personal account, you can update its status to a business one.

Tip 2: Verify the Website

Site confirmation provides you with analytics and pin conversion data. This information helps in determining which publications perform best. You can use it to tailor the content to attract more viewers and convert them into purchasers.

To do so, connect the site to the Pinterest profile and slightly edit your website’s source code in one of the following ways:

  • embed an HTML tag to the store;
  • upload an HTML file to the website;
  • add a DNS TXT record to your website.

You can also verify Instagram, Etsy, and YouTube accounts.

Tip 3: Add Profile Widgets to the Site

You can show up to 30 of the most recent pins anywhere on the website using Pinterest’s “Profile” widget. The widget can serve as an opportunity to increase your Pinterest following. Demonstrate to website visitors why they should follow you on the platform before they decide to do so or not. Look at the screenshot for the example of a widget.

Screenshot taken on Pinterest

How do you incorporate this functionality into the website? Copy and paste a specific code from the Pinterest account. Pinterest will examine the site and confirm the widgets within 24 hours after inserting the code.

Tip 4: Organize the Profile

You’ve set up a business account or switched to one. What’s the next step toward earning money? Add a header, title, and brief description of the business with the link to the store.

If you need an illustration, look at how Michael Kors arranged its Pinterest profile (in the screenshot below). You can observe the verified blue mark, a link to the store, and the number of followers and views.

Screenshot taken on the official Michael Kors Pinterest account

Tip 5: Start Making Your Pins

Establishing a good first impression continues with filling the account with content or pins. Here are some pointers for organizing them:

  1. Give links due attention. A profile description and pins should include links to relevant pages on the website.
  2. Produce high-quality content. Pins should reflect the brand’s image and mission.
  3. Ensure mobile optimization. This tip includes selecting the proper resolution and aspect ratio. It’s advisable to stick to vertical images with a 2:3 aspect ratio, as most Pinterest users access the platform from their mobile phones. Thus, such a resolution will satisfy mobile visitors.
  4. Include shoppable tags and offer products in the Shop tab. You may have come across tagged Pinterest images with white dots. These are shoppable tags that you can click to open the product information and see similar goods. Below is such a case from the Stuller Pinterest account.
Screenshot taken on Pinterest

The Shop tab allows users to explore available items on the market. This page displays in-stock goods connected to keywords such as “sweatshirt embroidery”, “winter fashion outfits”, and whatever “pinners” search for.

It also has a filtering option that lets users arrange items by vendor and price. Some pins provide ratings or contain the “Popular” mark.

Screenshot taken on Pinterest
  1. Focus on Pinterest SEO. Include keywords in the title and description of the pins, write concise content, and include links with calls to action.
  2. Make a pinboard. Pinterest enables you to group pins into boards. They can be anything from tutorials to holiday makeup suggestions that work best for cosmetics brands. You can also organize products by category, such as skincare, haircare, and so on, to help visitors navigate.
  3. Consider using targeted ads, which will be listed under the “Promoted by” heading.
Screenshot taken on Pinterest

Amongst the advantages of advertising on Pinterest is the long lifespan of the content. It doesn’t disappear from the feed with time and can return to the top no matter how old it is. Advertising on Pinterest is similar to advertising on Facebook and other social media. You select what you’ll promote, such as:

  1. new pins;
  2. image and video carousels;
  3. current posts;
  4. apps.

The promoted pins then appear in search results, suggestions, and feeds.

  1. Make frequency and planning a rule. The more you post, the more Pinterest promotes the pins. Note that frequent posting doesn’t mean sharing seven pins once a week. Allocate posts evenly throughout the week, such as one pin per day.

To streamline this process, employ delayed publishing tools such as:

  • Tailwind. The solution offers a free version with essential features for one Pinterest account. You can upgrade to Pro, Advanced, and Max tiers to access more functionality and more Pinterest accounts. The prices range from $19.99 to $79.99 monthly.
  • Hootsuite. You may choose the plan from $49 to $739 per month with the ability to test the tool for 60 days for free.
  • Later. This solution costs $18 to $80 monthly with a 14-day free trial.
  • Others for scheduled pinning. 

You can configure them to launch content at a specific time or a day or get recommendations on when to do it better.

Assess Pinterest search trends by season. Seasonal requests climb a little early before the event begins, just like in search engines like Google. It’s because pinners hunt for related content to prepare for holidays, seasons, and trends in advance.

Let’s look at the “Christmas gift ideas” query in the Pinterest trends tool.

Screenshot taken on the Pinterest trends section

The interest in gifts begins to grow somewhere at the beginning of September. And the most intensive traffic falls at the end of November – the beginning of December. Even if the celebration is still three weeks away, people begin looking for inspiration and gift ideas.

Final Thoughts: Pinterest ECommerce

Pinterest suits eCommerce companies regardless of their type and size. However, B2C fashion, cosmetics, and food businesses are certainly the most suitable spheres. This social media can drive traffic to the website, help promote goods, and encourage people to buy your products. Big online stores and startups leverage it to grow an audience, ensure brand awareness and make their products recognizable.

Pinterest is also a kind of search engine with algorithmic patterns. People insert their requests in the search bar and use specific keywords, allowing you to attract both organic and paid visitors to the profile.

Change the Pinterest profile to a business account, start posting pins, and organize them into boards. If you want to promote the store more actively, set up paid campaigns. Remember to keep track of your data. And you’ll see Pinterest meeting your expectations, if not exceeding them.

The Influence of Social Media on eCommerce Sales

As of October 2022, there were roughly 4.74 billion social media users around the world. That equates to 59.3% of the total global population. That is an increase in 190 million people from the same time last year (and that number will continue to grow). THAT is why utilizing the influence of social media to advertise your eCommerce business is a good idea. Of course, there is more to it than my mere blanket statement of opinion, but never fear! I will be uncovering the blanket with a list of interesting facts to help prove my point below. Let’s get started!

A Covid eCommerce Miracle?

Let me first be clear that nothing was good about the world being under quarantine for over a year. However, it would be tough to argue that eCommerce did not receive a significant boost during that time. And thank goodness for it because people were still able to purchase food, medicine or any other types of supplies needed without risking their health.

During the span of Covid, eCommerce sales increased by an astounding $244.2 billion. This ended up altering the consumer landscape, shifting the dominance of in-store shopping towards the online experience. In turn, eCommerce businesses started stepping up their game by updating their search functionalities, payment methods, and the personalization of a customer’s experience through artificial intelligence. These positive changes in convenience left a lasting effect that has lingered on after the pandemic ended.

It’s Easy to Connect!

Over the last decade, people’s attention spans have been steadily decreasing. Advancements in technology have left little wiggle room for retailers to make their products known. As of 2022, the average U.S. household has approximately 20 smart devices that includes smartphones, computers, tablets, and TVs. That is a large number of potential connections that can be made through social media. The ease of having access to the World (wide web) at your fingertips is too high a commodity to dismiss. A customer is much more likely to purchase a product or service if the accessibility is easy!

The Advantages of Social Media

Depending on who your target customer is, a strong social media advertising strategy can be a helpful proponent for great success! Here are some of the great social media advantages that can benefit your eCommerce business:

  1. Low Cost – Fortunately, most social media ad models operate on a pay-per-click (PPC) system, which means your business only has to pay when someone has actually clicked on your ad or video. Essentially, you only have to pay when your advertisement is working, which means your chances of earning money increase and could even offset any ad costs! Plus, the average cost for doing a PPC ad on a social media platform such as Facebook is only $1.68.
  2. High Brand Awareness – Social media ads give your brand instant awareness, even before any potential clicks, by showcasing it to millions of people online. Having your business ad up on social media feeds helps keep your products and services fresh in people’s minds, even subconsciously. Increased exposure like this can bring about fresh leads and high conversion rates.
  3. Healthy Brand Loyalty – In addition to promoting your business, social media provides a great opportunity to engage with your audience and develop a strong connection. You can also share testimonials from satisfied customers to help build a positive reputation for your brand.  
  4. Detailed Analytics – One very helpful advantage of social media advertising is its ability to quickly provide analytics and statistics regarding how well your campaign is performing. This will help you design future campaigns to optimize what works best. You even have the option of utilizing live campaigns and A/B tests to further refine your strategy.  
  5. User-Friendly Software – Yes, again, it’s easy! The majority of social media advertisers provide a simple, user-friendly platform to work with that will walk you through each step for getting set up. You just have to choose an objective, input your audience’s requirements, and specify your budget. Some platforms even allow you to create your own rules and customized reports that should make managing your campaigns even easier! 

TikTok Customer Trends

It is being forecasted that in 2023, for the first time, more than half of U.S. social media users will make purchases via social platforms like Instagram, Facebook, and especially TikTok. These platforms seem to have mastered the logistics for putting out strong, easy-to-maneuver eCommerce sales content. However, TikTok has by far the largest audience. But how has an app that was known mostly for creating silly dance trends catapulted itself into the eCommerce spotlight? Well, it all started with TikTok providing a different type of eCommerce environment that included native shopping, payments, logistics, and fulfillment. The process benefited from the following:

  • The app’s commerce monetization follows a unique structure developed by their sister-app, Douyin, based in China.
  • Douyin already has eCommerce customer fulfillment centers, which enable them to operate like a true retail company. TikTok is looking to open their own fulfillment centers in the U.S. which would make their eCommerce platform even more streamlined.
  • The majority of TikTok users are younger people whose thoughts and behaviors are more impressionable and more receptive to purchasing products directly through the app.  

Brands have also taken note of the advantages of advertising on TikTok and some have seen tremendous, if not overnight growth due to it. The influence of social media has never been more obvious than on TikTok; users frequently saying “TikTok made me buy it”.

Social Media’s Influence: In Closing

The influence of social media is clear and only growing. I hope that you now feel a bit more comfortable engaging your eCommerce business with a social media presence. It truly is a wonderful way of optimizing your brand’s reach without breaking your budget. Next time you’re on any type of social media platform, take a look at how many ads for things you may be into actually show up. You may be surprised how many there are, but know that YOU can have your own wonderful company/product/service up there as well, ready to help the right person who truly needs it! 

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