Ebay enjoys lockdown renaissance as buyers and sellers flock to site
Up to 50,000 new sellers have signed up in April, with fast trade in everything from home office supplies to baking kit and dumbbells to hot tubs
More than 50,000 new businesses have signed up to the UK arm of online trading site eBay in April as independent retailers seek a way to survive through lockdown.
Hardware and toy stores to fashion boutiques and brands have turned to the site as a means to keep trading since the government forced all retailers deemed non-essential to close their doors on 23 March to help slow the spread of coronavirus.
Even big fashion brands are signing up to the site as a way to clear spring stock that will never make it into stores. Up to 80 have already signed up and Rob Hattrell, the boss of eBay’s UK arm, says the company is poised to sign up more in the coming weeks.
“Businesses are trying to find a way to survive,” says Hattrell.
The leap towards eBay reflects an acceleration of the shift to online shopping across the market prompted by the pandemic. Sales slumped 93% at high street stores in April, according to the advisory firm BDO’s monthly snapshot of trading at dozens of medium-sized non-food chains. Online and catalogue sales more than doubled (109%).
Shopper numbers on eBay have doubled as families switch to buying online rather than giving up on spending altogether.
Source: The GuardianREAD MORE
Ecommerce apps start to attract more sales as online consumers switch to mobile
As more shoppers stick with online shopping, more are switching to apps as marketers start to spend on customer acquisition again
As the COVID-19 pandemic enters a new phase and consumer habits shift amid loosening restrictions in daily life, and now ecommerce apps are starting to see a bounce-back.
According to data from global app marketing platform Adjust, ecommerce apps are beginning to see growing installs and rising in-app sessions as more online shoppers turn to mobile.
The data also reflects an up-tick in ad spending on user acquisition on apps within retail as retailers shift to make the most of the continuing hegemony of online retailing, despite the lifting of lockdown.
Although the app economy was largely resilient in the face of COVID-19, with people turning to apps more than ever, e-commerce apps fared poorly by comparison. As reported in Adjust’s recently released App Trends report, e-commerce app installs trended down 12% week-on-week through March 2020, as companies pulled advertising, with a decrease in paid installs of 35% from March to April.
Yet new data by Adjust suggest these key indicators have risen back to near pre-COVID levels. This follows an overall recovery in digital ad spending in general, as the economy prepares for more activity.
Source: Internet RetailingREAD MORE
US e-commerce sales jump 49% in April, led by online grocery
Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to new data from Adobe’s Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to the baseline period in early March before shelter-in-place restrictions went into effect. Online grocery helped drive the increase in sales, with a 110% boost in daily sales between March and April. Meanwhile, electronic sales were up 58% and book sales have doubled.
The data comes from Adobe’s index of the digital economy, which analyzes more than one trillion online transactions across 100 million different SKUs. The company works with 80 of the top 100 U.S. online retailers to gather its data.
The numbers indicate that consumers are willing to spend on products that will help them manage the COVID-19 crisis. This includes, in large part, online grocery pickup and delivery.
Companies, including Amazon, Walmart and Instacart, have hired more workers to aid with the increased consumer demand across their retail operations. Instacart even became profitable for the first time, The Information recently reported, due to the surge triggered by the coronavirus outbreak. The company sold around $700 million worth of groceries during the first two weeks of April, up 450% over its December 2019 sales, the report said.
Source: TechCrunchREAD MORE
5 Ways Brands Can Reinvent Their Digital Marketing Strategy
Whether you’re an individual, entrepreneur or brand, the need of the hour is to reassess, rethink and reinvent your approach. While influencers, billionaires and corporations are joining hands to aid those in need, brands need to sustain business activities and simultaneously make a positive contribution to those around them.
Simonetta Lein recently spoke with brand strategist Alex McCurry, founder of Astra Media, which is helping businesses, brands and entrepreneurs reinvent their digital marketing strategy. Their conversation inspied her to share the following five ways in which brands can rethink their online strategy and make relevant offerings as we all turn our focus toward recovery.
Source: EntrepreneurREAD MORE
Marketing spend, consumer concerns, online shopping
Just 7% of UK marketers say their brands are taking a strategic approach to invest more in marketing during the coronavirus pandemic, with the vast majority forced to maintain or cut spend in the face of business disruption.
That compares to 29% who say their approach is to ‘stay the course’ by maintaining budgets and 50% who say they are making cuts so they can ‘live to fight another today’. A further 14% say it is too early to know what their strategic response to marketing will be.
Almost half of UK marketers say that if they asked to increase media spend, their leadership team would say that, while they understand the motivation, there is no cash to spend. Some 32% of marketers said finance would ask them to prove the case before they would consider it, while just 13% said finance would ask for a plan on how to do it.
One in 10 believe finance would say they were wasting their time.
Source: Marketing WeekREAD MORE
Marketers on the new normal
Marketers on the new normal: Chris Carter, CEO at retail marketing agency SMP Chris Carter is Group CEO of retail marketing agency SMP and Amazon ecommerce specialist Melody. Entrepreneur Magazine asked Carter what his day-to-day now looks like, what trends he is seeing in his sector, and what advice he has for marketers.
What trends have you seen in the last few weeks in your sector?
Unsurprisingly, the biggest trend has been the shift of focus from physical retail to ecommerce. Melody, our ecommerce division, has never been busier. On a lighter note, I’ve also been getting a lot of interior design hints and tips from all the Zoom calls I have been on.
What advice would you give a marketer right now?
The advice I’d give right now is the same that I have always given, which has served me well over the years: attention to detail should be your mantra and delighting your clients your speciality.
However, recently we have been discussing the increased importance of context and would recommend two key steps: first, review your current/scheduled campaigns and see what needs to be cancelled, paused, reimagined or reconfigured. Is the message, tone, offer and imagery appropriate for the current crisis?
Second, identify what value your brand can legitimately offer to help get people through the crisis, and communicate it in a positive, informative, sensitive and accessible way.
Source: EconsultancyREAD MORE
6 Video Marketing Tips for 2020
Brands are seeing success in using video content on Facebook, Instagram and YouTube. Read expert tips on improving your video marketing strategy.
The reports are in and video is winning for small and medium-sized businesses, especially during COVID-19. A new study on small business marketer behaviour reveals an increased focus on video marketing and as well as using videos to get found on search.
According to the study, 64% responded that video is the most effective form of online marketing content. And almost half of the respondents agreed that they must create videos in order to grow their business.
Below are more video marketing stats and facts according to the Promo Small Business Marketing Trends report:
- 70% of SMBs post videos to Instagram and Facebook Stories.
- 62% of respondents create up to 5 videos per month.
- 76% spend less than 20 minutes to create a video, with 49% who can create in less than 10 minutes (via Promo.com users).
- 59% of respondents combine their own photos and videos with stock footage.
- The majority (39%) of stock photos come from places like Unsplash or other free sources.
- 41% of SMBs spend up to $500 per month to promote their videos.
- 30% of respondents post one video per week with 26% who post one time per month.
Source: Search Engine JournalREAD MORE
Webinars are a marketing essential in 2020—here’s why
With the surge in video content on the web over the past decade, it’s probably no surprise that video has become a hugely critical piece in devising any marketing strategy. What may surprise you, however, is how astoundingly effective the simple webinar is over other video methods today.
A resounding 73 percent of marketing and sales leaders say webinars are one of the best ways to amass quality leads that may actually translate into sales. And since the average webinar attendee watches over 61 minutes, you’re talking about an engaged and invested audience.
If you’re launching a startup or trying to maximize your business reach in a whole new direction, you need to seriously consider the webinar route.
Source: The Next WebREAD MORE
Marketing goes digital as resellers look to grow sales base
Sales teams are adapting to the coronavirus pandemic with the world making a shift to remote working | Reaching out to try and develop fresh customer relationships has become a major challenge in the coronavirus lockdown.
“Resellers would normally meet prospective customers face-to-face, use trade shows and events to meet them, but none of those options are possible at the moment,” said one source.
The result has been to develop digital marketing skills, with vendors pointing partners at a host of online tools to help them develop those techniques. Recent examples include Dell and IBM, which used the partner keynote at this week’s Think event to point the channel towards its free My Digital Marketing platform, which could help them put together campaigns to reach out to customers.
Even before the coronavirus hit, most vendors had started to develop digital marketing tools for partners to take advantage of and were signposting them as an increasingly important means of getting through to customers.
Source: Computer WeeklyREAD MORE