2012 was a great year for e-commerce, for both consumers and marketers alike. And from the looks of it, 2013 is shaping up to be even better.
In 2012, consumers who were once wary of virtual buying, continued to increase their spending online, where they’ve discovered that better optimized and personalized sites are starting to offer them a richer, more relevant online experience. Marketers, once dependent on gut instinct and guessing games, now use easy-to-use, sophisticated tools to create sites driven by real-time user behaviors and data.
But as much as e-commerce has evolved, 2013 promises to be full of even more great leaps forward for consumers -- and for the online businesses that serve them. More channels and devices are digitally disrupting the market, and consumers are more fickle than ever.
Thanks to smarter marketing and better technology, 2013 just might be the year we see a real shift in how close consumers and companies can really become.
Trend 1: True, Real Time Personalization, for Everyone
Personalization is not new, but its widespread popularity is. And like any other widely-adopted concept, personalization has elicited a number of conflicting definitions ... and questions: What exactly is it? A certain set of tactics? A defined approach? A specific technology? Ask 10 different people this very question and you’ll get at least five different responses.
Personalization can be simple (i.e., based on one or two collected insights) or complex (i.e., based on multiple insights processed by detailed formulas and algorithms), as long as the end result is an optimized 1-to-1 (or individual) customer experience.
Either way, now that this complex technology is being made easily available to the masses, we’re going to see major industries like finance, travel and media lead the charge, but also expect businesses in other industries, such as gaming and charity, to take advantage of personalization solutions to offer more custom experiences.
Because of this, consumers should expect to see more of the general information they share online used by retailers. Everything from age, geography, life stage, incorporating social profiles (e.g., married versus single) will play a part in offering a more relevant, more valuable shopping experience.
Loyalty programs as well will start to become a more important part of the e-commerce lifecycle -- it’s not just for frequent fliers anymore. Now businesses across industries (retail, finance, etc.) are launching loyalty programs -- and integrating data into comprehensive customer profiles -- to offer the next level of personalization and service.
Trend 2: Mobile Grows Up
Year in and year out, it’s almost a requirement that the word “mobile” shows up in a predictions piece. We’ve been watching it for years, ever since Apple disrupted the market with the iPhone in 2007. But fast forward to 2013: it’s an entirely different game, with different consumers and different competition.
It’s no longer enough to just ensure that your site functions properly on mobile devices, or that you have an app presence. As consumers adapt to living their lives from their mobile phones and tablets, they’ll expect platform-specific offerings that offer a better shopping experience, geo-specific content, special offers and other elements that complement and enhance life on the go.