At Eclipse we live and breathe digital commerce. It’s what gets us up in the morning and keeps us going, and as such, we keep up with the latest and greatest in the industry.

We have done some research and pulled together what we see as the emerging trends for the rest of 2020 and into 2021 that’ll help lead your business into growth.

Across the world, peoples buying habits are shifting and the continued variations on lockdown have even hit the boomers by forcing them to shop online – some for the very first time. This may not seem like a big deal to most, but it is a daunting task and the fears and potential risks seem insurmountable.

If you’ve had a chance to see any of the news around digital commerce, you’ll have seen that COVID has accelerated the e-commerce industry’s growth, putting it way ahead of any previous projections and forecasts to date. More and more businesses are starting to take advantage of this by joining the e-commerce business revolution than ever before. Companies that previously embraced the e-commerce trend have already experienced expansion, in the midst of ‘traditional’ retail shrinking.

By the end of 2020, global e-commerce sales are expected to reach £3.3 trillion, as reported by the e-commerce big player Shopify. However, creating a website and selling your products isn’t that easy. The money doesn’t always just start flowing in once you hit publish on that new site. The competition is getting steeper and online shopping behaviours and customer expectations are changing continuously and rapidly.

The changing market calls for keeping up with emerging trends to cut through the noise, get noticed, and attract and retain customers. This is where our research comes in. Read on to see what we think you should be looking into taking advantage of.

 

Product Visuals That Go Beyond Just A Picture

We can all absolutely relate to this – you find a product, you think it’s going to be exactly what you want and you’ve started to justify the purchase in your head but you’re not totally sure if what you’re seeing on the site, is what you will actually get when you make the purchase. So long story short, you hesitate from hitting the purchase button and the shop loses a chance to get a new customer.

As it stands today, simply having online reviews in isolation are not enough to convince a customer to buy your product. Today’s consumers need to trust your company, product and experience before stepping in and starting to purchase. High-resolution images matter hugely in the digital world but even those as static images are no longer enough, either. Customers are demanding more, and that more is 360-degree and AR experiences that let potential buyers view all angles of the product, bring them into their own space and experience what it is like to have it in their houses.

Our AR solution, Ares, allows you to offer exactly that to your existing and potential new customers. It brings 360-degree and full AR experiences to them, right in the browser which removes the need to have to download an app to use it. Keeping people on-site and offering them something that your competitors don’t is only a good thing, especially when that thing is super experiential and proven to drive engagement with customers.

 

Hyper Personalised Commerce

The most successful e-commerce companies are already leveraging personalisation technology to give their customers a customised experience.

These customised experiences are achieved by dynamically showing content, product recommendations, and specific offers based on browsing behaviour, previous actions, prior purchase history, customer demographics, and other enriched personal data.

E-commerce doesn’t include a retail salesperson to recommend products based on interest, preferences, or taste. Human touchpoints provide many opportunities to beat out the competition and some brands have built their entire experience based on this principle. This is what hyper-personalisation on eCommerce does – mimicking what a customer’s in-store experience would be, through a unique online customer journey.

Data is what makes this operation work. Social media platforms and search engine tracking tools let you extract tons of personal data about your visitors and buyers, such as search queries, page visits, purchase history, and more. However, limitations are beginning to be placed on access to this data and there is a need to shift to independent data collection from those using your website already. Making it easy for customers to log into your site when visiting it allows you to gather data that will support your ability to personalise future shopping ‘trips’.

“Personalization is the missing ingredient to a successful online shopping experience and will be key to 2020 and the future of e-commerce,” says Juha Valvanne, Founder of Nosto.

To truly get this right, the help of experts is for the most part required to make sure that things are set up in the right way. That will allow you to fully maximise every opportunity that may be possible. Our Experience team do exactly that, and the research is telling us it is a smart investment.

Research has found that customers spend 48% more when their shopping experience is personalized. And, 57% of online shoppers are comfortable with sharing their personal information with a brand if it benefits their shopping experience.

When this is all done right, a customer will feel like you’re reading their mind. This emotional response generates a sense of loyalty, but you need to remember to not do too much too soon as it could feel like a breach of privacy. We’ve all thought our phones are listening to our conversations and felt like our personal lives have been somewhat invaded, this is not what you’re trying to achieve. It’s a fine line and our Experience team are experts at walking it.

 

Make it easier for customers to check out and pay

It’s one thing to build an incredible shopping journey with AR and 360-degree products, personalised recommendations and seamless transitions whilst browsing but it needs to be carried through to the cart and the checkout experience.

Customers want to get in, have an amazing experience and checkout. It needs to be easy and seamless and so many businesses fall down at this point. Ask too many questions, make it too hard to check out and don’t offer enough ways to pay.

For example, when shopping from an overseas business your customer may expect to be able to buy using their preferred local payment provider or in their local currency.

Additionally, customers are used to the ease of shopping on big online retailers like Amazon and ASOS. They save their customers’ billing and shipping information to make for a fast and easy checkout experience without a lot of data entry. Ecommerce websites are increasingly using payment options like Apple Pay, Paypal, and other financing options that enable a frictionless checkout.

Updating your payment provider with a company like Adyen makes doing this incredibly easy.  Being able to take payments from Apple Pay and Google Pay will help with those mobile shoppers and having repayment options like Klarna allow people the option to spread payments.

These are all things that help with conversion, could help increase the average cart value and keep customers coming back. To find out more about making this change, Eclipse can help too. We’re an authorised partner of Adyen and can help you make that checkout experience your customers want a reality.

 

Create Re-occurring Revenue Opportunities with Subscriptions

We’ve highlighted this before in an article we wrote recently. Recent research has shown that UK consumers now have on average seven subscriptions per household, spending around £46 a month or £552 a year.

During lockdown retail subscriptions jumped 50% with food boxes, wine and grooming leading the way.

In research conducted by Barclaycard, it was found that 8 in 10, that’s 82%, of retailers believe the popularity of subscription services increased during the lockdown as shoppers saw it as a way to take advantage of a safe and convenient way to receive everything from essential items such as groceries all the way through to entertainment.

By getting customers to sign up to a subscription service you’re allowing your product to become part of their routine. It becomes an expected part of the way they live their lives and for the most part, they stop looking at special offers or being distracted by competition for those products. As long as your product continues to shine through speedy delivery and always awesome quality, you’ve got a pretty good bet that you’re going to have a customer for life.

And if you needed more reason to consider it as a new business opportunity the research went on to find that 75% of retailers believe subscription services offer a more reliable and predictable source of income than a one-time charge model. Around 9 in 10 or 87% think subscription services allow their business to keep up with competitors or other brands that launch similar products and 82% also said that subscription services allow them to build customer relationships through increased contact.

These are some of the biggest emerging trends that we’ve spotted, and we’ll always continue our research and bring you the latest emerging trends as we find them. And if you would like to talk to us about anything you’ve read in this article, we’re here to chat it through and offer advice and as much help as we can.