According to the World Economic Forum, Global businesses will see demand decline by 91% and operational expenses fall by 86 percent. Because of the global recession, most brands are lagging in sales and growth.
Do you find the numbers are reason to concerning? No need to worry, these cyclical hot and cold situations often arise in business. You just need to be cautious and tactical while dealing with key business factors and upcoming strategies.
These strategies include finance, operation and tech, and many more. While these factors may seem different, they are all interconnected. A good tech decision will automatically be reflected in all aspects.
If you are in an e-commerce business and your E-com store is Magento powered, then the time has come when you should implement some changes to revamp your Magento 2 store. Get all 2023 trending tips from the best Magento development services provider here!
Make available your eCommerce brand multichannel facilitate. Sale using Omni channels to provide your products with more customers.
· Use social media platforms as a parallel store of your Magento 2 Store.
· Build a link between social media sites directly with your website.
· Promote and sell products on live stream cause 70 % of people buy products from live streaming
· Collaborate with influencers to promote your products in a particular group because 61 % of buyers have faith in influencers.
Do you know 80% of marketing experts add AI-powered features to digital marketing strategies? AI technologies are essential for enhancing the personalized features at your Magento store.
· Integrate features like virtual assistance, AI chatbot, and AI-powered customization campaign to your e-commerce site.
· Add AI as a critical part of your marketing campaign to generate a personalized experience that helps generate new leads.
Users generally remember images and visual effects that are engaging for extended periods. People can quickly connect to visual elements and due to that, the visual component has strong persuasive power. Use this as a chance to increase traffic, leads, and purchases. Take this as an opportunity to boost engagement, leads, and sales.
· Post eye-pleasing videos and 360-degree views
· Add 3D images and HD-quality designs
· Conduct a loyalty program
· Follow the Subscription model
· Get a personalized E-commerce mobile app with the best Magento development services.
Don’t let your commerce brand slip down as a victim of the recession. Check our blog to know the recent trends to revamp your Magento store now!
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