Is Your Company Prepared for What's Ahead for Ecommerce in 2023? Here's What You Need to Know.Content is still a powerful proponent in creating a strategy that is both creative and effective. Utilizing tactics in storytelling and maintaining an analytical approach can certainly guide a mediocre campaign to becoming a successful bombshell for a company.

ByMichael Stagno

Opinions expressed by Entrepreneur contributors are their own.

No matter which way you look at it, theecommerce landscapeis getting increasingly competitive. Staying ahead of the competition heading into 2023 will take precision. Advertising costs are up, and campaigns centered on quality, customer-focused content have been dwindling because it has become more about making a quick buck.

According toShopify的崛起,未来电子商务的法律ition costs, steering clear of third-party cookies and the power ofsocial commerce. Brands must be both authentic and readily available to their customers but also have the ability to engage their audience. As ecommerce continues to shift toward social platforms, content is the driving force behind a brand's success.

Ecommerce across social media is becoming increasingly popular heading into 2023. In fact, sales via social media platforms, on a worldwide scale, are presumed totriple by 2025. Additionally, nearly30% of United States-based internet usersare already making social media platform purchases. China currently serves as the global leader as about half of its internet users are making social network purchases which, when compared to the U.S.,equates to almost 10x.

It all comes down to the value in customer retention and acquisition. What ecommerce storefronts should not steer away from is generating quality, timely andcustomer-focused contentthat will not only attract new customers but keep them loyal to your brand. The question you should be asking yourself is: What is my company doing to create an experience for my customers?

Related:Key Ecommerce Trends That Can Take Your Business to the Next Level

Content is king in determining ecommerce success in 2023

Content is still a powerful proponent in creating a strategy that is both creative and effective.Utilizing tactics in storytelling和maintaining an analytical approach can certainly guide a mediocre campaign to becoming a successful bombshell for a company.

The ability to tell a story that is consistent with a brand's mission can serve as a powerful tool in attracting an audience and maintaining it as a valuable, consistent and recurring community for one's business. However, it is important to remember that it is the people, not the product, at its core.

In 2022,paid socialwas not as much a determining factor for attracting buyers if the content did not resonate with its audience and customer base. The same will apply in 2023. The community needs to connect with an ecommerce business on a personal and even inspirational level, before buyers are motivated to maintain the needed consistency. If sales and traffic are both down, then there is a good chance that neither the content nor the reach is serving its purpose.

With roughly four months remaining in 2022, it is important to buck the trend of most B2C companies in halting the production of B2C content without focusing on B2C results. In other words, as we progress into the new year, companies should begin to create campaigns and strategies that essentially "hit home" with customers and followings, rather than turning in campaigns to generate a quick buck.

Content needs to use written, visual and audio to drivemarketing funnelsin building interest, desire, action and awareness. In fact, 2023 will be more about how content doesn't necessarily drive customers to make a purchase, but rather, how it creates an opportunity to better their lives.

You may be asking yourself, how can I develop marquee content to give me an advantage over my competitors? There are roughly three factors to consider. It is important for the consumer, who essentially is digitally window shopping, to want to stop and see more of what your store has to offer. The proper steps here are to attract, engage and garner a positive outcome.

This is done by drawing attention to stopping the prospective customer, whether via an engaging picture, video or short-form copy. Remember, especially in 2022, attention spans are shrinking, and it is important to distribute the who, what, when, where, why and how for the customer quickly and painlessly. Next,customers need to feel engaged, so sparking their interest and convincing them to draw on their desire is important. Typically, the videos earning the most bang for their bucks are the 3-5 second Facebook videos and Instagram reels, while even the 30-second "shorts" on YouTube have proven successful as well.

Related:Sparking Social Media Buzz Is How You Drive Ecommerce Sales

Things to consider when approaching a 2023 game plan for your ecommerce store

  • Ecommerce will continue to migrate more toward working in conjunction withsocial media platforms.

  • Brand marketing and customer engagement, including advertising, is essentially moving more toward a social media-centric approach.

  • Video, and to a lesser extent, pictures, are providing a more social aspect to ecommerce sales, which is reimagining how companies engage with consumers.

  • Instagram is coming around, but in adopting a TikTok-type method, platforms are seeing thepower of videowhen it comes to social media ecommerce. With the ability to perform consultations, recommendations and livestreams, products and experiences arepersonalized for consumers.

Related:5 Steps to Level Up Your Social-Commerce Strategy

The moral of the story for the remaining months in 2022 as we progress toward 2023 is: When the customer has the desire to navigate and explore, action comes into play. The content should be results-driven. After all, it's about the sale in the ecommerce world.

Wavy Line
Michael Stagno

Entrepreneur Leadership Network Contributor

Writer, Editor, Marketer

Michael Stagno is a communications professional with a love for writing and editing, public relations, marketing and branding. He writes stories and creates content across multiple platforms, utilizing both social and digital intelligence, to build awareness, engage with audiences and propel brands.

Editor's Pick

Related Topics

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Business News

“灵魂破碎”:互联网侦探注意的东西Is Very Off With This Condo Listing

From the grey carpets to the fluorescent lights, it's obvious that this home was not always a home.

Green Entrepreneur

Phoenix Has Hit 110 Degrees for a Month, But This One Invention Is Cooling Things Down a Tad

For the Arizona city amid a record-breaking heat wave, cool surfaces bring a modicum of relief.

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Growing a Business

3 Ways Leaders Can Use Data to Grow in Shrinking Economies

Business leaders need to find a way to make sense of this dynamic environment and use it to their advantage — and they can do so with data. Here's how.