19/04/2022
eCommerce in 2022!
Here are a few major predictions of mine:-
1. eCom is still growing rapidly and will continue to grow - People are getting lazier day by day and would rather order something home than actually go buy it, so eCommerce will definitely continue to grow.
2. Pure Dropshipping will take a hit - Esp with FB going hard on quality control and surveying your customers, all the “one product” store gurus who rely on AliExpress alone will soon be crushed.
If you currently rely on Aliexpress or Dropshipping vendors with slow shipping times - you’ll be affected by this.
You can drop ship to see how a product is going to convert but definitely warehouse your products and move accordingly.
3. General Stores have been suffering and will continue to suffer even more in 2020, I’d recommend building an actual niche store and a brand around it.
4. Facebook Ads have been more powerful with CBO honestly but the learning period of the algorithm has slowed down comparatively to ABO.
But if you master the system, you could get better results at the same or a very slight price increase next year too unless they introduce something else.
The Advertising itself is going to be hard if you sell subpar products with a shady website.
5. Customer Service is a huge key when it comes to eCommerce esp now since good customer service can impact your FB accs quality score.
Good customer service and having the proper systems in place are crucial to building a great eCommerce business in 2020.
6. Building an eCommerce business in 2020 is going to be much easier because all the “fly by night” Dropshippers are going to be restricted and a majority of your competition will be annihilated.
7. Having a Good Business Model with a Strong Backend system is going to be key if you want to make a lot of money next year.
If you don’t currently have a backend and are only selling one product - I’d recommend you restructure your business ASAP.
8. Video Ads have been working extremely well for most product types in 2018 and 19 and will continue to kill it in 2020.
Image ads work as well depending on product types but you have a lot more advantages of running video ads (you can run video views LLA, etc.)
9. BFCM eCom Sales almost doubled on just Shopify alone (last year's total sales were $1.5 billion and this year the sales were $2.9 billion)
eCom is definitely growing in a steady space.
10. Apparel has been the best seller from 2017 to 2019 during the BFCM and will be the best seller in 2020 too.
POD still works and will continue to work - however, now because of the increased ad costs, you need to build a strong backend to turn it into a profitable business.
11. Steer clear from Augmented Reality Ads or anything other modern forms of advertising because as I predicted last year, it’ll take a few years for them to blow up.
12. Branch out to other traffic sources instead of relying on just FB, other traffic sources have become extremely profitable this year and especially proven to convert.
Use - Google, Instagram, etc. to dominate your niche.
Hope this post helps!