Ecommerce in the coronavirus reality
What awaits ecommerce in the novel coronavirus reality are new challenges, but also new opportunities.
On the one hand, due to higher economic uncertainty, some consumers are hesitant to spend. On the other hand, despite the general volatility of the current environment, online performance is holding strong for many sellers.
Since the coronavirus outbreak, traffic has been down for many brands. However, conversions tend to show strong return on investment.
Conversion rates may fluctuate in the near future, but overall online retail has many advantages at a time of crisis. This doesn’t mean that ecommerce sellers can lean back and money will keep flowing in. In fact, flexibility, creativity and innovation in line with ecommerce trends are more essential than ever.
Extra investment may be needed, too. For instance, advertising spend doesn’t seem to be down. Instead of pausing efforts, many retailers are updating ads to reflect the current situation. CPMs, CPCs a