In the 15 years of its existence, YouTube has only gotten stronger, quicker, and better. We have all the relevant data you need to guide your strategy if you're thinking about entering the world of video on the most widely used social network for video sharing. [...]
Introduction Everything that we do is gradually shifting online, from how we network to how we acquire our news. The same goes for shopping. Shopping has always been a mood, and you'd be surprised to learn that many people go shopping all day long. The pandemic that struck us and the experience that businesses are able to offer to their clients are two reasons why internet shopping has increased so much over the years. You can develop a strategic plan for your eCommerce firm by understanding the data that underpins online commerce. Why don't we start now? General statistics Online sales are increasing so quickly that they will almost reach $4 trillion globally in 2020. Additionally, we anticipate 300 million online buyers in the US alone in 2023. The global penetration rate of digital consumers as of 2018 is 47.3%. When examining statistics by gender, we find that 72% of shoppers are women while 68% are men, which is a rather little difference. What men and women buy when they shop is the fundamental distinction. Women typically shop for things like food and clothing whereas men typically buy heavy-duty products like furniture and computers. Online purchasing has grown tremendously, and it doesn't appear that this trend will soon slow down. Whether you're an internet buyer or vendor, this is fantastic news for you. Online purchasing is increasingly popular for a variety of reasons, including ease and affordable rates. If you own an online store, you are surely aware of how challenging it can be to stand out in the face of increasing competition. Because of this, it's crucial to select your target market with care and make an attempt to concentrate on your clients. Statistics for eCommerce Stores If you're just getting started with eCommerce store optimization and believe the stronger competition has little possibility of beating you, think again. Small merchants may soon have mobile conversion rates that are up to 30% greater than those of larger retailers. Additionally, now is a perfect moment to start your eCommerce business if you haven't already. According to estimates, there will be 1.92 billion digital consumers in 2019 and eCommerce sales will make up 14.1% of all retail sales globally. The next number shouldn't surprise you given how quickly online buying is expanding generally. eCommerce retail purchases are anticipated to increase from 14.1% to 22% in 2023. Consumers Shop via Mobile The popularity of mobile shopping is no secret. You cannot afford to neglect mobile consumers or mobile buying if you want to run a successful e-commerce company. Mobile devices are being used by consumers throughout the entire buying process, including a variety of online shopping activities. Without a question, consumer behaviour is shifting toward mobile. In light of this, there are several things that you as a store owner may do to ensure that you consider mobile while you're working on your company. Make sure your store has a user-friendly mobile app or mobile website that clients can utilise as a starting point. Even if consumers don't complete the transaction on their mobile devices, you should make an effort to give them a relaxing and delightful experience. You need to make sure you design a shopping experience that your clients will enjoy. Online Shopping and Technology Statistics There are some trends that started in 2018 and remained prevalent in 2019. One of them is a chatbot. In the previous year, 60% of customers used chatbots to find answers. And the favourite help medium for Millennials is a chat box. The major reason chatbots are so well-liked is that consumers usually consider quickness while looking for an answer. It only takes 11 minutes for customers to become impatient and hang up while on the phone waiting to talk with a customer service representative. In contrast, a chatbot will reply in a short amount of time. [...]
When was the last time you used Facebook? An hour ago? A minute ago? Or a second ago? The answer to that question proves how Facebook has become an inherent part of our lives. Especially for youngsters like us, it is more of a reflex to [...]
Short-form video marketing is the new future. With attention span decreasing and 50-second videos dominating the creative space, 54% of social media users prefer and engage with short-form video marketing. 68% of marketers use social media influencers to reach niche markets and [...]
Introduction The method that consumers discover, investigate, locate, and purchase a product has evolved significantly during the last ten years. Today, over 90% of shoppers do their research online before making a purchase.You must comprehend the patterns in the sales data for 2022 if you want your business to remain relevant. Making the most of your sales and marketing plan will enable you to succeed in 2022, so make sure to keep up with trends and learn the statistics. The unsettling realities that sales teams must face on a daily basis are reflected in these sales statistics. These errors could be costing you or your company money and lost productivity hours. Don't consider these statistics to be the last word on selling. Instead, allow them to provide you with fresh approaches to old challenges. Most popular sales statistics: 20% of salespeople generate 80% of the total sales. The prospects that the losers give up on are sold to by the victors. After the fourth call, 92% of salespeople give up, but prospects must decline four times before they finally accept an offer. The typical salesman makes 209 cold calls before setting up one appointment or receiving a referral. What do customers expect from salespeople? "Listen to my needs," say 69%. Positive sales professionals outperform negative ones by 57%. Even though pessimists are better at selling, that is still true. By 2021, 85% of all business interactions will be handled by customers without ever involving a human based on Gartner Customer 360 If you contribute enough, you can receive anything you want. Social selling statistics: 54% of salespeople can link their concluded transactions to their use of social media. Concerned social media will consume all of your free time? Less than 10% of the time is spent on social media by 50.1% of salespeople. Video is supreme. Engagement rates for posts with videos can reach 50% or higher. 96% of consumers want more interaction with top business figures. They frequently look for it on Twitter. Compared to non-users of social media, buyers often have budgets that are 84% large. In the upcoming 12 months, 74.9% of businesses that employ social selling will expand their sales teams. Ninety percent of top performing sellers incorporate social media into their sales plan. Cold calling statistics: It takes the typical salesperson 7.5 hours of cold calling to set up one appointment or referral. Among calls that are actually answered, 1 in 59 results in an appointment or referral. The best time to make cold calls is between 10am and 2pm least powerful after 5:00pm The day after they are sent, 91% of cold emails are opened. Inside sales representatives typically have 6.6 conversations every day. Higher quota attainment directly correlates with more chats each day. 90% of CEOs claim they never respond to telemarketer calls or emails. [...]
When requested to write a letter of recommendation, nobody loves to start with a blank page because even if you have a lot to say, you might need some assistance organizing your ideas. Writing a strong letter of recommendation is crucial since references may influence how [...]
You may effectively complete your journey's finish by using a road map. The same is true for small enterprises' business strategies. They outline the checkpoints you must pass to develop a successful small business. They are crucial for seeing and overcoming roadblocks as well. Financial considerations, [...]
The marketing world is a deeper yet never-ending game of business. Trends, technology and old tricky tactics will never be stagnant. The marketing world is about who stands in the market and its trends for a long time and who stands out from the crowd with [...]
When you have already been done with your resources and you are at the brim of doing any kind of a waste of time you should make sure that restarting a business is again a good decision. But when it comes to email marketing, a tool [...]
In today's digitalised life, no one can be found not using WhatsApp. Even your grandfather would also have his WhatsApp groups on his phone. There are high chances of you giving a sneak peek to WhatsApp every two hours, once daily. Such is the kind of [...]
